Want to start investing in Florida
Hello,
I am from Israel and I am an investor that that wants to invest in a buy and hold rental properties in Florida.
I would like to know when you are investing in Florida where I can achieve the 1% rule? And also I can buy a property in 110-120K? (Of course before rehab has I want to find a property that needs slight rehab)
Heard about Jacksonville/Orlando/Tampa...
So where is a perfect place to find properties in the below price range and that give me the 1% rent ratio?
Thank you
Most Popular Reply
Insurance is South Florida tends to be the highest. The panhandle can be tough due to weaker building codes. Anywhere within a few miles of the coast tend to be higher but once you get 5-10 miles inland the rates tend to normalize. A few general rules to keep your insurance costs lower: 1) Newer is cheaper than older; 2) Concrete is cheaper than frame; 3) Inland is cheaper than coastal; 4) roof shape matters; 5) get a quote while you can still back out of the deal!
- Jared Townsend
