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Updated 2 months ago on .
Investing in Melbourne, FL – Need Realtor/PM Recommendations
I’m exploring investment opportunities in Melbourne, FL, and looking to connect with a knowledgeable realtor and property manager who can help me identify the right property for long-term rentals, mid-term rentals, or even STRs. Being on the Space Coast, the area seems ideal, especially with the demand driven by the space industry—my brother works at NASA and has mentioned there’s a high need for rentals. My plan is to hold the property for at least a year and then evaluate the best strategy moving forward.
As someone in a higher tax bracket, I'm also interested in leveraging STR tax strategies to maximize my investment returns. My strategy is to buy and hold, focusing on long-term appreciation and/or moderate cash flow. I'm particularly drawn to this area due to the billions of dollars being invested by companies like SpaceX, Blue Origin, Northrop Grumman, and L3Harris Technologies. With all this development, I see strong long-term potential in the Space Coast and Melbourne area.
Would love to hear your insights or get recommendations for local professionals who can assist!