In your opinion, what areas would you invest in Florida and why?
Currently working in Cape Canaveral, Florida and Technically homeless till I can buy my first investment.
What are your thoughts on the state of Florida?
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If I were to buy an investment there it would mainly be in Ft. Lauderdale, but that is mostly because its the only place I've actually been down there for a long enough time to have feeling for a market at all. But it is a great vacation rental area, strong condo market, and plenty of luxury as well, so there is some flexibility to strategy there too.
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Real Estate Agent OHIO (#2021002058)
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Florida has many great areas to invest! Depending on what you are looking to do will tell you whether you should stick around here to invest.
I am an investor and realtor from Brevard. I am homeless too at the moment looking for my first deal lol. I'd love to chat with ya!
@Seth Baumgartner Florida is one of the top markets for real estate investors due to pop growth, rental growth and overall landlord friendly policy. It is also a top choice for vacation, so vacation rentals thrive. This being said, we are at the top of the market and many prices in Florida reflect as much. If you can find the right property, there is still opportunity for LTR and STR.
I wrote this post earlier in the year, but see how many times Florida pops up. https://www.biggerpockets.com/...
@Michael K Gallagher June 2022 had a 23% drop in occupancy for vacation rentals in Ft. Lauderdale. :( We shall see what July brings but oversupply is the issue.
Quote from @Seth Baumgartner:
Currently working in Cape Canaveral, Florida and Technically homeless till I can buy my first investment.
What are your thoughts on the state of Florida?
Navarre, Mary Esther, Niceville, Freeport for long term:
Nearby military bases, beach, sound, tons of government personal and job growth, commercial businesses coming into the area, good margin for rentals, flips and construction, landlocked area with limited land.
Destin to Panama City beach for short term rentals:
Strong tourism and beautiful beaches, feeder market that makes it easy for people to travel down to emerald coast (airports), tons of gentrification and construction, high affluence, limited land, you can only short term on the south side of highway 98, family oriented and safe.
What Ricardo said! Our area has great returns and many approaches you can take from an investment standpoint.
Quote from @Ricardo Hidalgo:
Quote from @Seth Baumgartner:
Currently working in Cape Canaveral, Florida and Technically homeless till I can buy my first investment.
What are your thoughts on the state of Florida?
Navarre, Mary Esther, Niceville, Freeport for long term:
Nearby military bases, beach, sound, tons of government personal and job growth, commercial businesses coming into the area, good margin for rentals, flips and construction, landlocked area with limited land.
Destin to Panama City beach for short term rentals:
Strong tourism and beautiful beaches, feeder market that makes it easy for people to travel down to emerald coast (airports), tons of gentrification and construction, high affluence, limited land, you can only short term on the south side of highway 98, family oriented and safe.
This is the best summary for understanding the different investment strategies depending on the area. I'm going to just make it a canned response whenever someone ask's me about the area. I'll add that local government regulation towards STRs in the areas south of 98 is friendly and stabilized compared to other metro markets facing challenges.
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Quote from @Chris Levarek:
@Seth Baumgartner Florida is one of the top markets for real estate investors due to pop growth, rental growth and overall landlord friendly policy. It is also a top choice for vacation, so vacation rentals thrive. This being said, we are at the top of the market and many prices in Florida reflect as much. If you can find the right property, there is still opportunity for LTR and STR.
I wrote this post earlier in the year, but see how many times Florida pops up. https://www.biggerpockets.com/...
@Michael K Gallagher June 2022 had a 23% drop in occupancy for vacation rentals in Ft. Lauderdale. :( We shall see what July brings but oversupply is the issue.
@Chris Levarek thanks for the insights, that is honestly refreshing to hear about short term rentals, Thats an area of real estate that needs a little shake up in my opinion. A little hardship to weed out who is really committed to it and committed to operating well is probably what it needs.
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Real Estate Agent OHIO (#2021002058)
- 614-362-2231
- [email protected]