Is 20% CoC and low money down possible in st Pete?

[Damian Callaghan]

I have a few commercial and LTR but keen to get in to STR for some monthly returns but also as a tax strategy. I'm in Sarasota but I like st Pete. I was originally looking at Indian rocks beach but have extended my search to Seminole (both zoned for STR). I'm struggling to find anything which is frustrating…..

my aim was to buy somewhere early in 2024 but I’m analyzing a lot of deals and coming up short. Quite frankly I can’t be parting with a few hundred grand to make a few bucks a month 

any advice? 

[Michael Baum]

Hey @Damian Callaghan, I haven't looked much down in FL since insurance has gotten so expensive that I wasn't sure anything would get near 20%.

@Andrew Steffens has a good finger on the pulse in that area, so give him a call.

Make sure you get the STR insurance quote into the mix when doing your calculations.