Investment in Florida - Need Advice

[Andy C.]

Hi BP Family,

I am strongly considering purchasing condo as investment property in Florida and I'm looking at a few of these cities and zip codes.

Wondering if anyone here has any experience and or insights with regards to these markets good or bad that you'd be open to sharing. Appreciate any advice or wisdom in advance 🙏. Any particular things I should key in on or consider? Anyone have positive(of negative) experience + returns?

33480 palm beach

33903 cape coral/ft. Myers

33931 Bonita springs

34230 sarasota

34205 Bradenton

33701 st. Petersburg

33777 largo

33755 clearwater

Andy C

[Patricia Steiner]

What are you trying to achieve?  What is your price point/budget?  

The markets you referenced in Tampa Bay (zips in St Pete, Largo, Clearwater) would not be one that my clients would actively pursue - and they differ dramatically from the other cities listed. I don't recommend condo investment due to the HOA fees and restrictions on leasing.

There are a lot of opportunities here for investing - even in our lowest inventory levels ever - but defining the opportunity and expectation is a better starting point than targeting a market to the zip code as an out-of-state investor.