palm beach county STR

[Jake Drappi]

Hello all,

I am looking into STR's in the Palm Beach county area, preferably near PBG. I know my agent said that condo and HOA's have strict rules about doing STR's in certain communities. Does anyone know which communities allow for STR's in that market? Also, is anyone cashflowing in that market by doing this same strategy? Any insights would be greatly appreciated. Thanks!

[Brett Voorhees]

Hey @Jake Drappi, I know a few investors in PBG and Jupiter market, the way to go is Single Family for STR. What I would look for is a neighborhood that has a bright future of appreciation and no HOA or at the very least and HOA with little restrictions. There are many areas that have HOA rules changing rapidly in our area so just be sure you or your agent does their research so you can avoid any headaches in the future. Many say this market is saturated in jupiter/PBG but in my opinion.. with the right deal there is plenty of money to be made with both cashflow and appreciation.

Best of luck to you guys!