All Forum Posts by: Jossalyn Wallace

Hi! I am a realtor and investor on the FL Panhandle and PCB is one of our best STR markets. We have low vacancy even in off season and people pay a premium to vacation here. I would consider a townhome as well! I have on offered at 650k that does about 75k. There was also another one listed recently at 725k that was clearing 100k a year. Anything off a Front Beach Road generally speaking does pretty well and lower HOA fees!

I have a few clients who use RealJoy and Frangista beach management and are happy with them! 

What Ricardo said! Our area has great returns and many approaches you can take from an investment standpoint. 

@Jordan Holmes So to be ON Navarre beach with a single family 4 bedroom you're looking at an entry price of around a million. I know a few investors here that own about 10-15 minutes from Navarre beach; single family homes with a pool, they furnish it nicely and they crush it with airbnb/vrbo or rent our per room to military and make out really well (entry point here is around 450k+). The entry price point in PCB may be a little lower than Navarre Beach, around 800k+ for a 4 bedroom thats walkable. 

I would also consider a townhome in those areas if you're wanting to be as close to the gulf as possible. For example, I have a townhome 3/3 with a lockout in PCB on Front Beach Road that does about 75k a year offered at 600k. I know of another 3 bed townhome that was listed recently at 725k that does 100k on the books. They rent just as well as a single family in some instances. 

Hi Jordan! 

I live and own in the Florida Panhandle and we are driven by our short term rentals. The area is mentioned on numerous platforms for best places to vacation, up and coming places, etc. Prices were a bit high but are starting to level back out so its not uncommon to see homes that do 10%+ on cap rate. Vacancy is low because we have nice weather majority of the year. 

I would suggest specifically checking out Panama City Beach, Destin, Miramar Beach, Fort Walton, and Navarre (up and coming). These are the areas we generally see the best return. 

Good luck on your search! 

Hi Matthew, If you're ok looking outside of NV I would also suggest the Florida Panhandle. I am a realtor and investor here and we have a wonderful STR market as well as military market if you ever wanted to consider long term rentals as well. We don't have a ton of restrictions with airbnb etc like i'm hearing Vegas does and returns are generally pretty good. Let me know if you have any questions or if you want to start browsing this area!

 Yea, I am not familiar with the CA market so can't speak to that but we do have some good cap rates around here. Sounds good! 

Hi there! Congratulations on taking the first step! I am a realtor in the FL Panhandle (from Panama City Beach to Pensacola) and we have a very strong short term and long term rental market. I often fly to NY (only an hour and a half flight).

Using other peoples money! As Steven and Zachary mentioned, network. Talk to your family, friends, go to investor meetups and see if you can find someone to partner with. I would start thinking about what you can bring to the deal that would make someone want to partner with you so you already know what value you are bringing to the table. 

If you are just starting out I would try and take advantage of the better programs for an individual as the others have mentioned, especially if you are going to be living in the home. You can save on money down and use it to put back into the house and then cash out refi or heloc to do another property if your qualifying power is still good. You can always quit claim deed the property in the LLC down the road.