Looking to connect with those operating luxury STRs in Florida

[Axel Ragnarsson]

Hey all,

I’m a long time multifamily investor, living in the northeast, that is looking to branch out and buy a couple of luxury short term rentals in 2022, specifically in Florida. I’d love to connect with anyone who is operating quasi-luxury STRs (property value of $700k-$1M) in Fort Lauderdale, Delray Beach, Pompano Beach, etc.

We also own a couple of multifamily properties in central Florida (Lakeland) and would be interested in potentially doing deals in Tampa as well, for convenience sake. Also, is anyone aware of significant STR restrictions in any of the major Florida markets, specifically the ones I mentioned? I know St. Petersburg and Clearwater are very restrictive, unsure of some others.

-Axel

[Luke G.]

@Symone Gordon he's making the same prediction 1000s of other people have also made on this site in the last 5 years.  Fun fact though is none of them have been right.  The current market is not looking like 2008, inflation is rampant, interest rates are as low as they ever have been, and banks aren't giving out a jumbo loan to every person with a pulse; we may be due a correction or a plateau but really nobody knows when that's happening (even if they tell you they do).  Run your numbers and buy what you're comfortable with, if it takes a step back make sure you can survive it until it recovers.