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Updated about 3 years ago on . Most recent reply
Researching West Palm Beach
I'm researching properties in West Palm beach for BRRR opportunities. Ideally, turning a property into a short term vacation rental. The market seems to be exploding right now with home prices increasing dramatically, and inventory seems pretty low. I'd love to hear from real estate investors familiar with the area. Is now a good time to get into West Palm Beach to take advantage of a long term growth? Or is this just a market knee jerk and houses are currently over priced? I haven't seen too many lists that suggest West Palm is a great investment opportunity, but the city has a lot to offer and they are promoting to the vacationers. Any insight would be helpful. Thank you!
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Because inventory is low everywhere and prices are driven up by this lack of supply, I don't see this as a knee jerk reaction. Also the current administration is printing mad amounts of money to spend or give away. This is going to cause inflation and drive prices further upwards.
No better time than the present to buy real-estate before it becomes even more expensive.