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Updated over 11 years ago,
Interested in the Florida Market
Hello,
I'm thinking of venturing into the florida market. I currently flip houses in Sacramento but supremely miss my hometown, my family, and the beaches of Florida. It seems like florida is hot for rentals more than flips right now, is this accurate? I'm specifically looking into Hillsborough, Pinellas, and Pasco counties. Anyone work in those markets, rentals or flips? Are you finding deals on the MLS, auction, tax deeds? How is auction there? Another concern is the insurance cost for sinkholes, flooding and hurricanes, I've never had to deal with most of those items here in California, ever been a deal breaker for you?
I just returned from a trip to florida, coincidentally enough I ran into someone on my flight who was moving from the Tampa area to Pheonix to invest bc of the Florida market being no good. She was pretty green w/ no experience and moving to get started with her family who moved their company to Arizona, so I didn't get a lot of info from her about the Fl market. It was kind of a bummer to hear that after being anxious to get into that market.
I'd hate to leave a thriving business to get into a market that will not currently support my goals.
Thank you in advance!