I think I will be moving forward with buying houses in Florida

[Mark Ferguson]

I took a trip to Florida March 12th through the 22nd. It was a family vacation and business trip to explore a couple of different markets to buy rentals in. My reasoning behind buying rentals in Florida and no longer in Colorado can be found in an earlier thread here. https://www.biggerpockets.com/forums/311/topics/27...

Basically prices in Colorado have made it very tough to cash flow and I am starting to think they may be near the peak as well, at least in my area. 

I went to Florida to spend time on the beach with my family and look at a few areas I have researched heavily. I liked what I found for the most part. You can get decent SFR's for under $130,000 that more than meet the 1 percent rule. If I want to do some work, there are much lower prices. Expenses are a little higher there with insurance and taxes, but not bad.

I met some great agents, have talked to lenders, property managers and I think it is a viable option to invest down there. I also think there is upside potential with low inventory, no rentals available and population increases. 

My current plan to is to sell a couple of my less desirable rentals in Colorado, exchange them into a few rentals in Florida and I am also looking to refinance 8 of my properties in Colorado and use that  money to invest in new markets as well. It won't be a fast or easy process, but should be fun!