All Forum Posts by: Ricardo Hidalgo

I think prices of properties are still high.  Would it be cheaper to build?  Does anyone know the going rate for price/sq ft to construct a beach house?

Looking to buy a property in Fort Walton Beach. I’m in the military, and will be moving again in about 15 months. Currently renting, but was really debating buying a beach front condo in Okaloosa island to live in for the remainder of my time here, but then hoping to rent it out once I leave. 

Does anyone have any experience buying short term rentals in that area? Any recommendations? Just currently exploring what would give me the best bang for my buck. Seems like okaloosa is very busy and lucrative during summer, but kind of a dead town in the winter. 

Hi all,

New out of state investor here!

I am looking to buy a turnkey property (SFH 3-bedroom) in Florida for cash flow. My max budget is $200k for a property (with 20% downpayment). I would appreciate it if you could give me some advice on which market would you prefer to invest: Panama City (not Panama City Beach), Daytona, Tampa or Cape Coral. I find that Tampa and Cape Coral are larger markets, but it seems that it is harder to find properties that cash flow. Happy to hear your advice!

Thanks,

Anyone on here have or know of anyone who has a townhouse on Horizon South or know anything about that area. Looking to buy a first time STR. We are looking at a house on the West side of PCB and wondering everyones recommendations- would you choose a house- 2 blocks from beach with a golf cart- (I can link the VRBO for anyone to see) or go with a Townhouse in Horizon South.

Thanks for your recommendations.

Lisa

Looking for advice on best strategy/next step following sale of a home we owned in Florida as an STR.

Background: Sold 3bed/3bth home, have approx $600k equity. Funds currently being held by QI. 

Option 1: 1031 into another STR, target price $1.1-1.4m. Would want min 3 bed/3 bath, located in FL/TN/SC/NC/GA. Either close to water/beach, or in scenic/mountain area. Have always owned homes but would consider a condo with an amazing view or unique features. Familiar with FL and have been looking in Tampa area, Naples/Ft Myers, 30A, Space coast, and Jacksonville areas. Numbers in FL are not looking great with insurance/taxes/HOA fees/etc for cash flow but willing to focus more on just breaking even (or close to even) and having significant long term appreciation.

Option 2: take the cash, pay 20% long term capital gains and wait as market continues to dip for a prime buying opportunity.

Would greatly appreciate insight/advice from those much more experienced and knowledgeable than myself. Thanks in advance!

What’s going on with the palms of destin, and destin in particular?? Been watching this market a little bit from afar, and can’t believe the massive price cuts! Heard there is a massive problem with the building, can anyone confirm?

HELLO!

What is the best beach market to invest in for strong appreciation and break even cash flow???

Would love to hear other experienced investors opinions on this topic. I am currently in one beach market and multiple mountain markets. I am searching country wide for upcoming beach markets and Im all ears!

Hello BP,

I am in a quandary and would appreciate some input from the group. I have about $250k saved at the moment. My quandary is on how I should use my funds. Currently, I am renting a place from a very good friend at below market rent in a very small town. Unfortunately, there are no real population centers (over 100k people) within 2 hours of where I am.  Here are my options (as I see them): 1. Stay here and put my money into marketing the business hoping to find deals here or trying to do virtual deals (something I'm not a fan of, tbh) in areas with higher populations or 2. Move to an area with higher population (with hopefully more opportunities)  buy a house and start my business with say, $60k-$80k less. 

A little more information: the area I am currently in, I cannot afford to buy a house here in this small town; way too expensive. I'm only here because of my friend's generosity. So the option to buy here in this small town is out. Also, I'm no kid so the idea of house hacking is out. Just not something I'm interested in doing.

I really appreciate any thoughtful insights here. 

Thank you so much,

Curt

Greetings,

I am a 45-year-old individual seeking to expand my investment portfolio with additional properties. Currently, my husband and I manage four Airbnb listings. We own two of these properties, while the other two are leased and operated as Airbnbs. Notably, the leased properties are located outside the United States, and we manage them remotely.

We have our downpayment saved and approximately $450,000 in combined equity from our existing properties. We would greatly appreciate any advice on promising markets, recommendations for reliable agents and lenders, as well as insights on how to proceed as newcomers to the industry. Our experience is in short-term rentals, but we are open to the idea of being landlords if we find the right property.

Thank you in advance for your assistance.