Out of state investor looking for STR/LTR in Florida

[Dmitriy Koval]

Hi All,

I’m from WA, Seattle area  new investor looking to invest in outside of my state. Real estate has gone extremely high here.

I've been looking at a few markets in Florida, specifically Sarasota, Orlando, and Jacksonville. Not being familiar with those areas can be difficult to know what areas to avoid and how the rental/STR market is doing.

I’ve been to St. Pete’s and Clearwater and Sarasota this year, felt in love with those areas but problem with some of those would be STR regulations. I’m not limiting myself to just STR if there’s areas where the deals can still be found. With STR it would be nice to have in a nice area to stay and vacation (seriously considering moving to FL near the future)
Please suggest any other areas to consider in the hot market. The budget is between 400-500k.

I would love to connect with investors in those areas. 

Please suggest me any RE agents familiar with Florida market in these areas., lenders and insurance brokers. 

[Brent Reynolds]

Quote from @Dmitriy Koval:

Hi All,

I’m from WA, Seattle area  new investor looking to invest in outside of my state. Real estate has gone extremely high here.

I've been looking at a few markets in Florida, specifically Sarasota, Orlando, and Jacksonville. Not being familiar with those areas can be difficult to know what areas to avoid and how the rental/STR market is doing.

I’ve been to St. Pete’s and Clearwater and Sarasota this year, felt in love with those areas but problem with some of those would be STR regulations. I’m not limiting myself to just STR if there’s areas where the deals can still be found. With STR it would be nice to have in a nice area to stay and vacation (seriously considering moving to FL near the future)
Please suggest any other areas to consider in the hot market. The budget is between 400-500k.

I would love to connect with investors in those areas. 

Please suggest me any RE agents familiar with Florida market in these areas., lenders and insurance brokers. 

 Hi Dmitriy - 

STR in Central Florida (greater Orlando) is primary focused in the area that is 10-15 miles from Disney in Lake, Polk, and Osceola counties. Orlando, which is is Orange County, is not friendly to STR unless part of it is owner occupied.

The short story is that STR demand remains extremely strong there, as is the competition... but there is still money to be made. Generally, 4 bed homes or bigger is the best investment for returns.

Hope that gives you a flavor of our STR market.