INVESTING IN LAKELAND FL OPEN TO OTHER AREAS

[Rosa Lepore]

I've learned so much valuable information thus far.  I just wanted to get some advise on where to invest in FL.  I'm waiting for a realtor and a management company to contact me hopefully this week, but in the meantime wanted to do some more homework.

Someone mentioned Crombie street in Lakeland as a center point that divides good versus bad.  Is it stay away from East or West of Crombie Street?  One or the other is supposedly a high crime/drug area?

Other than Lakeland, are there any up and coming neighborhoods that I should look into when it comes to investing in rental income?  I do want to stay away from the water to avoid flood insurance.

Thank you!

I have about $100K-$120K to invest this year to start.

[Account Closed]

Follow the I-4 corridor in either direction away from Orlando and its growing in those directions.  

Up the turnpike towards Ocala. 

After that dig into each area to find the good spots and the bad areas to stay away from.  

There’s others but this is general info for central Florida. I’m not investing in Tampa MSA yet do not sure about over there. 

For SFR homes for PM expect 10% rate and half months rent to fill a vacany.

For Multi family >5 units should be 5-8% and flat fee (50-200) to fill a vacancy.