Interested in investing in Sorrento Florida

Interested in investing in Sorrento Florida

Member since 2021 · 7 posts · 4 votes

My husband and I live in Ontario, Canada and we are looking to buy an investment property in the Sorrento, Florida area and would appreciate any assistance or information on that area. Looking to also find a property manager in that area. 

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  • Rental Property Investor · North Fork, NY · Member since 2016 · 1k+ posts · 631 votes
    5y

    Why Sorrento? Are you planning on using it yourselves or renting it short-term? Doesn’t look like a location in high demand, rates are low and I’d worry about finding cleaners and maintenance people. 

  • Member since 2021 · 7 posts · 4 votes
    5y
  • Member since 2021 · 7 posts · 4 votes
    5y
    Originally posted by @Nancy Bachety:

    Why Sorrento? Are you planning on using it yourselves or renting it short-term? Doesn’t look like a location in high demand, rates are low and I’d worry about finding cleaners and maintenance people.

    Hi Nancy, We have a family member who will be using it for a portion of the year. But we would be open to looking in areas close by.

  • Deland, FL · Member since 2017 · 2k+ posts · 1k+ votes
    5y
    Originally posted by @Nancy Bachety:

    Why Sorrento? Are you planning on using it yourselves or renting it short-term? Doesn’t look like a location in high demand, rates are low and I’d worry about finding cleaners and maintenance people. 

    How well do you know Sorrento? 

  • Rental Property Investor · North Fork, NY · Member since 2016 · 1k+ posts · 631 votes
    5y

    I never heard of it but noticed the population is low, lots of open land and low nightly rates on Airbnb. I also know it has good proximity to destinations like Lake Mary, Mt. Dora, Deland, under an hour to Disney and Daytona. Not a typical draw for a STR investor however given they have a family member who will be using it, it all makes sense to them. And the purchase prices are low. Given you are from the area, you know it way better, no doubt @Michael Plante, and can answer them much better. 

  • Real Estate Agent · orlando, FL · Member since 2009 · 159 posts · 121 votes
    5y

    I know the area, what questions do you have? Feel free to PM me.

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