Newbie in Misery...er...Missouri

[Derek Dowell]

Hello All,

As a copywriter in the industry, I've been thinking about income property investing for quite some time, but have yet to actually invest in one. However, I'm sure that day is coming. Though presently located in Missouri, I am a misplaced Floridian and am looking forward to exploring rental properties available there. Especially interested in the Miami, Naples, Space Coast, and Florida Keys. I would love to hear real world experiences from folks who have portfolios including properties from those areas.

Thanks!

Derek

[Glenn McCrorey]

I have one condo in Ft. Myers, it's the only thing I own that loses money. Coincidentally, it was the first thing I bought (ten years ago). I rented it to my sister (big mistake), assumed the "season" was 6 months long (it's more like 3) bought for appreciation not cash flow ( I don't do that anymore) plus my condo fees have doubled. So, don't do what I did. Buy using good fundamentals and challenge your assumptions. Good luck!