Best Market in FL for SFH LTR?
Hello BP community!
A close friend of mine is inquiring on SFH rental properties in the FL market. I'm no expert, so figured I'd reach out to a community that is! đ
Some Background:
They want to buy a rental in a market they can live in "seasonally" (i.e. snowbirds) , so rural/tertiary market is probably not preferred. Ideally it would cash flow as a LTR or MTR. STR is not out of the question, but I'd proposing the question as a LTR first and foremost. I recognize that coastal invites a whole number of issues regarding insurance, so if we can keep the markets to "coastal, but not TOO coastal", that would be preferred. Ideally, demographics would be largely positive (growing population, job growth, etc.)
My thoughts:
I suspect that leaves us with central and north FL(Orlando, Jacksonville, etc.). Admittedly, I don't know a lot about S FL, so I'm open to re-thinking my position there. I recognize hardly anything cash flows with today's interest rate + housing evaluation, but anything that comes close (or came close historically) would be much appreciated!
How you can help me:
I'm looking for specific market + submarket + neighborhood suggestions. The more specific, the better! đ€ (Please exclude the "class D assets in class D neighborhoods" suggestions đ)
THANK YOU in advance to any and all talking points and suggestions for insights on FL market!
Most Popular Reply
@Tommy Brant. If youâre interested in the Tampa Bay Area which sounds like it would work for you, reach out to @Josh Green. Heâs an expert in the area!
- Raymond J. Rodrigues
- [email protected]
- 619-456-8311