Florida markets to invest in?

Question

Hey everyone, I’m looking to invest in Florida and wondering if anyone has any insight or advice on the best markets to narrow my search?

Stetson Miller · Answer

@Rik Patel Biggest driver for new construction in that area is cheap land acquisition costs, lots can very readily be found in developing areas for $5-10,000. Even in the more developed and higher rental demand areas, you'll see prices as high as around $25,000, which still isn't bad for the general area at all.

Other than that, Lehigh offers the best returns balanced with still purchasing in a B+ class neighborhood, both for new and existing properties. Obviously existing properties are going to offer the higher immediate returns, but I still have a lot of people purchasing new construction for the benefits that that offers as well, coupled with the high rental demand and pricing for the area right now!

James Courim · Answer

@Stetson Miller

Really nice to e-meet you and thank you so much for reaching out. I’m looking to build a portfolio comprised of single and multi family rentals. I’m looking to use the BRRRR strategy so that I can scale the portfolio as quickly as possible!

Stetson Miller · Answer

@Agustin Cetrangolo Cape Coral is by far going to be the most conducive towards spec building and development right now. I would recommend joining the Facebook group "Southwest Florida Real Estate Investor Network" for recommendations on reliable contractors in the area!

Darius Ogloza · Answer

Charlotte county is halfway between Sarasota and Ft Myers.  If you are looking for water front and a long term play, I would start there.

Adrian Smude · Answer

@James Courim Florida has many different markets within it. I suggest you narrow down what type of homes you want to own & rent out. Some helpful questions

What type of neighborhood do I want to own in?

Who do I want my idea tenant to be?

Do I care about appreciation or just want cash flow?

What price range?

Do I have friends or family close by?

Best of luck!

Agustin Cetrangolo · Answer

@Stetson Miller

Hi! How are you?

I would like to sell a couple of appartments in Miami and construct in southwest Florida, probably Fort Myers/Cape Coral area. Which area do you recommend? Reliable Constractor?

Thank you in advance!

Stetson Miller · Answer

@Courtney Bass Very difficult to find that in Lehigh due to it being nearly 100% parceled out, but I am currently showing three listings for 10, 11.3, and 13.1 acres, which are the top three largest currently being offered

Courtney Bass · Answer

@Stetson Miller Hi Stetson, is Lehigh also fit for finding future development land (10 ac+, pref over 20)? It's tough to find anything good + reasonable in central Florida- we've looked around Polk co too. (I'm lic agent in Orlando)

Dean Gestal · Answer

Hey James, I am interested in learning about investing in the Florida real estate market as well. Ive been using some software to help me learn about different areas but I feel like nothing can substitute actually living there for a while.

Rik Patel · Answer

@Stetson Miller What is going on in lehigh? Another contractor mentioned that area to me last week but just trying to figure out why it's hot.

Florida markets to invest in?

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