Sarasota FL real estate investing strategies

[Christian Pena]

Hi, I'm currently living in San Diego California, and Ive lived in Sarasota for a year before, so I know the area well enough, but did not get into REI then. But now I am super keen on it.

We have the opportunity to move back to Sarasota for two reasons

1:Save a ridiculous amount on state taxes with my main business

2:  to invest that saved money into real estate.

Im curious to know what is working in Sarasota and if its worth it to move there for this reason.

Ideally I would like to invest in rental cash flowing properties, but I do not mind other strategies as well and where to even begin.

I hear that it is tough to get homes at a good price here due to huge firms bidding them up, but I cannot imagine it being nearly as competitive as San Diego.

My girlfriend's dad is a mortgage broker so I have a sweet deal on financing if needed.

I would also be interested to here if anyone is in San Diego and thinks I should stay here to invest, although im sure thats not the case as rents are lower than mortgages here.

However I go, I would need this to work out as I would be giving up quite a bit here in San Diego for a few years to build up a portfolio of real estate there.

Any advice on which direction to move in is highly appreciated

Christian