Rental Property Investor · NJ · Member since 2020 · 35 posts · 17 votes
Hey everyone!
I know Florida is the topic of discussion for many reasons but in this thread I’d like to focus on real estate and preferably Residential Multifamily properties (1-4 units)
With many towns and cities throughout Florida being a great market for singe family homes and condos, I’d love to see which markets you would all say is most favorable towards MFHS in terms of availability and affordability.
Charlotte and Lee County are huge up and coming markets in SWFL! North Port, Port Charlotte and Cape Coral all close to the beaches with massive growing industry as the corridor between Tampa/Sarasota and Naples/Fort Myers! Lots of cash flowing Inventory in the up and coming markets.
Some of the best places to buy in florida in order to make money and not over pay are in Clearwater, Clearwater beach, Treasure Island, Saint Petersburg, Saint Pete Beach, Downtown St.pete, and in some parts or Largo/Seminole. Clearwater was rated as on of the highest Airbnb cities in Florida and our Gulf Beach traffic has been insane since 2019. property value have soared and do not seem to be dropping even with inflation and higher rates. That is mainly because Florida especially the Gulf Beaches is an Amenity area.
Tampa also holds value for investors due to the high commerical traffic and business district. Which also includes traffic from Macdill Air Force Base and higher rents. I have properties here in Pinellas County and values have helped add many more doors. It's a great area to buy properties that need renovations/rehab and reap the benefits to turn equity to cash!
Some of the best places to buy in florida in order to make money and not over pay are in Clearwater, Clearwater beach, Treasure Island, Saint Petersburg, Saint Pete Beach, Downtown St.pete, and in some parts or Largo/Seminole. Clearwater was rated as on of the highest Airbnb cities in Florida and our Gulf Beach traffic has been insane since 2019. property value have soared and do not seem to be dropping even with inflation and higher rates. That is mainly because Florida especially the Gulf Beaches is an Amenity area.
Tampa also holds value for investors due to the high commerical traffic and business district. Which also includes traffic from Macdill Air Force Base and higher rents. I have properties here in Pinellas County and values have helped add many more doors. It's a great area to buy properties that need renovations/rehab and reap the benefits to turn equity to cash!
Some of the best places to buy in florida in order to make money and not over pay are in Clearwater, Clearwater beach, Treasure Island, Saint Petersburg, Saint Pete Beach, Downtown St.pete, and in some parts or Largo/Seminole. Clearwater was rated as on of the highest Airbnb cities in Florida and our Gulf Beach traffic has been insane since 2019. property value have soared and do not seem to be dropping even with inflation and higher rates. That is mainly because Florida especially the Gulf Beaches is an Amenity area.
Tampa also holds value for investors due to the high commerical traffic and business district. Which also includes traffic from Macdill Air Force Base and higher rents. I have properties here in Pinellas County and values have helped add many more doors. It's a great area to buy properties that need renovations/rehab and reap the benefits to turn equity to cash!
I would start looking in and around Clearwater Beach and look all the way South West along the Gulf Beaches. Depending on your price range there are a lot of opportunities and on both Multi-family and even some decent Condo's/Town Homes. I just looked at one today over off of Pierce Street in Clearwater 7BD 2 BTH Duplex 2 minutes from Beach Listed at $525K with wiggle room. If you have time there are a lot of FSBO homes in and around the area as well so it's worth a drive.
I know a lot of owners who have listed their properties and have very little marketing so you will not find them on the normal REI sites like ZL or RedFN.
Charlotte and Lee County are huge up and coming markets in SWFL! North Port, Port Charlotte and Cape Coral all close to the beaches with massive growing industry as the corridor between Tampa/Sarasota and Naples/Fort Myers! Lots of cash flowing Inventory in the up and coming markets.