Buy and hold investments - Winter Park, Florida

[Eric Boutwell]

Hi, my wife and I are looking to buy long term rental properties around Winter Park, FL. Looking around it seems like there are a lot of SFH rentals and a lot for sale as well. Any feedback on this market? Thanks

[Kevin Gidusko]

@Eric Boutwell, can speak to what I've seen when living near Winter Park, hanging out there for the last 20 years, and now have my step-daughter going to college there: Winter Park is pricey, and has been one of the staid, old money places to be for a long time. About 15 years ago there was more disparity between the uber wealthy and some lower income areas. Gentrification started marching through those neighborhoods and it is about complete by this point. My step-daughter lived on campus the first year, but we now have her in an apartment in Baldwin Park, just to the south. That area is nice and not as pricey (used to be a Naval training base, completely redeveloped about 15 years ago). Winter Park, if you can afford it, is a really lovely place to be with many amenities; a good mix of college student focused shops and some fancy shmancy big name stores. Depending on the price point you're looking for, consider areas to the north that are developing as alternatives to Winter Park: Altamonte Springs, Casselberry, Lake Mary, and especially check out Sanford which is about to go through some good growth-already actually happening. Hope this info helps a little. Give a shout if I can be of any assistance!