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Updated over 4 years ago,
investing out of state Sarasota Florida and surrounding areas.
Hello BP family! I hope everyone is doing well and staying safe during our current times. I was hoping to connect with some realtors, wholesalers, investors and property managers and also hear feed back from locals or out of state investors that invest in those markets.
We currently own a handful of properties in the Seattle WA area that we're going to be selling off shortly. We've rented them all out by the room so we would be able to see returns in our current market. between how much turn over, scalability factor, current market pricing, local tenant landlord laws, and how much time and involvement that strategy required we've decided we're going to be selling them. We're still planning to do some local flips but as for rentals we want to move out of state.
Our primary goal is to re invest that capital into out of state markets that will get decent returns and also will see appreciation over time in safe neighborhoods. I believe Sarasota, Cape Coral, Fort Myers Could be those markets. Any other suggestions are always welcomed :).
We've also considered this market because we've considered moving to Sarasota in the near future.
Thank you!