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Updated almost 4 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Trent Fisher
  • Real Estate Investor
  • Mifflintown, PA
6
Votes |
12
Posts

Florida!!

Trent Fisher
  • Real Estate Investor
  • Mifflintown, PA
Posted
Is there a big market for buying,reselling,or renting in central Florida are?

Most Popular Reply

User Stats

24
Posts
33
Votes
James Mikel
  • Real Estate Investor
  • Dunnellon, FL
33
Votes |
24
Posts
James Mikel
  • Real Estate Investor
  • Dunnellon, FL
Replied

I like the non transient rental opportunities in Marion County and surrounding.  Unlike Orlando, Tampa, Miami, Palm Beach where the turn over of renters is relatively high, along with the price of the properties itself, I prefer a more steady stream.  My stream is filled with 60+ year old couples in tidy small houses near retirement areas such as The Villages.  The rentals are in the 14-16% annual roi range with property management.  The cost of the houses are in the $40-$60,000 range.  These areas however do have their faults.  If your seeking short term rentals, forget it, stick with the hyper drive cities.  If you are looking for big appreciation there are coastal areas where that is possible, such as Naples, Marco Island, St Pete.  Me, I prefer my 2% appreciation and the reduced amount I have in rental vacancies and bad renters.      

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