Third generation of long-term rental investing

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Ryan SpathBusiness Member
Real Estate Agent · Boise, ID · Member since 2017 · 578 posts · 379 votes
1y

Congratulations on reaching the third generation of investing—what an incredible legacy! I can only imagine the stories and wisdom your family has gathered over the years.

We don’t have much experience investing in California ourselves—just the occasional visit and some eye-popping Zillow browsing! Florida, on the other hand, is a vast and dynamic market. I grew up in South Florida and went to college in Jacksonville, so it’s been home for quite a while.

We currently hold a handful of buy-and-hold properties along the East Coast in a small town, and they’ve performed well overall. That said, insurance and property taxes have definitely crept up in recent years—something to keep an eye on.

Make sure you connect with a top-tier local agent—they can make all the difference. If you ever need a referral for Indian River or Brevard County, I’d be happy to connect you with someone great.

Best of luck, and welcome to BP!

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  • Ryan SpathBusiness Member
    Real Estate Agent · Boise, ID · Member since 2017 · 578 posts · 379 votes
    1y

    Congratulations on reaching the third generation of investing—what an incredible legacy! I can only imagine the stories and wisdom your family has gathered over the years.

    We don’t have much experience investing in California ourselves—just the occasional visit and some eye-popping Zillow browsing! Florida, on the other hand, is a vast and dynamic market. I grew up in South Florida and went to college in Jacksonville, so it’s been home for quite a while.

    We currently hold a handful of buy-and-hold properties along the East Coast in a small town, and they’ve performed well overall. That said, insurance and property taxes have definitely crept up in recent years—something to keep an eye on.

    Make sure you connect with a top-tier local agent—they can make all the difference. If you ever need a referral for Indian River or Brevard County, I’d be happy to connect you with someone great.

    Best of luck, and welcome to BP!

  • Scott WolfPro Member
    Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 959 votes
    1y
    Quote from @Michelle Potter:

    Long-term, buy and hold rentals. Family business, now it's my turn. California is crazy overpriced, so I'm investing in my home state of Florida. Nice to meet you all!


     Congrats!  Good luck on your journey!

  • Realtor · Melbourne, FL · Member since 2021 · 111 posts · 51 votes
    1y

    Welcome Michelle! Exciting stuff. Have you decided where in FL? 

  • Member since 2025 · 2 posts · 2 votes
    1y

    Pinellas County

    I love visiting Melbourne. I grew up in Fort Lauderdale, so that was a "trip north" for us!

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