Vero Beach, FL Crystal Ball Needed

[Christine Hauser]

Hi All. BP Newbie/Lurker here, looking for advice in the Vero Beach FL area. I am a practicing real estate broker in Oregon and have “intended” to invest in residential rentals since I got my license 12 years ago, but timing/circumstance hasn’t allowed. I now find myself is a situation where my husband is being asked to relocate to Vero Beach FL for his work. (Super-promising start-up/young Ag 2.0 firm. PM me if that piques your interest.) We are seriously looking into this, but won’t be giving up or Oregon small acreage.

The question is, what can you share about Vero Beach as an investment opportunity? We expect to reside there for 1-2 years, maybe a little more.  There is very little I’ve seen there in the way of duplex or multi-family; therefore... What does your crystal ball say about us renting vs purchasing a single family residence during that time with the obvious intention of turning any purchase into an investment rental once we return to Oregon.  Any and all input would be greatly appreciated from those with ‘local knowledge’ of the area. Thanks in advance!

[Tchaka Owen]

@Christine Hauser - I generally advise people to rent in a new area. If you don't know it, you don't know whether you're buying in the location you want. That said, Vero Beach is one of the areas that hasn't been overpriced by lots of money coming in from South Florida, NY, CA and more. Can you find places to cash flow positive? Absolutely. Do you have to give up OR? Nope. Make the move!