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Updated almost 3 years ago,
ABNB SouthEast Florida, Investing in the right area ?
Howdy real estate guru's and investors. I'm a complete newbie and would greatly appreciate the wisdom and experience and any suggestions that can point me in the right direction.
I've been looking for 3/2 SFR in the Broward county area, east of US1 for the purpose of Airbnb. The little research I have done tells me this is a profitable investment especially if I can secure a property east of US1, near the beach. I'm conditionally approved for $600k however, I am still finding it difficult to find a good property for abnb. Does it need to have a pool? Does it needs to be east of US1 ? Can I get away with a 2/2 rather than a 3/2 ?
All in all most of the properties on abnb in those areas are 3/2 with pools and nicely renovated interior, charging $300 per night on the low end. I also noticed properties in those areas are on the older side typically from 1950-1970. Those age really matter if I can find a nicely renovated property with a pool in the ideal location ?
And lastly, if it's not in southeast Florida, then where in the USA can I start my investment dream with what I'm approved for ?