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Updated over 4 years ago on . Most recent reply
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Re-locating to Sarasota, how's the rental market area here?
Hello BP as stated I am planning to relocate to the Sarasota FL due to a job transfer and would love your help. I am currently looking into investing in a distressed property to build equity into it for a buy and hold. In your experience which areas currently are the best to look into. I do not want to invest in D-type neighborhoods. I would prefer C/B with decent schools and decent cash flow. My biggest challenge is knowing what area to invest in and the kind of properties I should be looking into Single, Multi's, Condo's, townhomes? I am coming from NJ where pretty much you could find 2-4 units ANYWHERE. I would greatly appreciate any kind of feedback and would also welcome the opportunity to connect with anyone from the area.
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- Rental Property Investor
- Durham / Raleigh (Triangle), NC
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@Jeremy Corporan - Sarasota (and near by Bradenton) are both great rental markets with plenty of communities to choose from that are above B/C quality. While I now live in North Carolina where most of my properties are located, I'm originally from Largo, Fla - and rented in Bradenton while working in Sarasota just prior to my relocation. But don't confine yourself only to that side of the Sunshine Skyway Bridge. Cross over to St. Pete... There are so many great rental cities within an hour's drive that its just too many to name.
- Jonathan Taylor Smith
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