First time investor looking at Vero Beach FL
Hello BP,
Newer member and first post.
I have never purchased an investment property before and could use any info on Vero Beach and surrounding areas.
I have been to Vero a few time as my mom lives out there so I thought it would be a great place to start as I travel there anyway. I'm struggling to decide what type of property to focus on. I'm leaning towards two or three bedroom condos or SFH as one could be used for an office with the new trend of remote working. Full time rentals with no vacation rentals at least to start. Problem I have is the HOA fees seem to make finding a high cash flowing place hard. I plan on starting with an all cash offer in the 180 to 250 range and finance more after. I'm looking to have high monthly cashflow over paying down a mortgage to start as I'm trying to transition out of the stone fabrication business and possibly move there myself in a couple years, so I want cash flow to make transiting easier. I plan to shift to an appreciation strategy more later. Hope to pick up about two a year for about ten years.
I'm completely open to Sebastian and Ft Pierce as well. Any suggestions would be greatly appreciated on management companies and agents. I don't ever plan on self managing.
Thanks,
Brandon O'Brien