Where to invest in Pinellas county florida or around?

[Mishelle Osorio]

We are new and are trying to house hacking but can't find anything that make sense in a decent neighborhood. Where should we invest in Pinellas county or around? is Oldsmar or St Petersburg a good market? Thanks!

[Alex J.]

Mishelle, 

St.Petersburg in an EXCELLENT place to house hack! There are a good amount of small multifamily properties that make perfect house hacks. St. Pete is really the hub of all the major economic development & growth in Pinellas county. 

St. Pete is also experiencing very strong rent growth & appreciation, which are factors that will drive the success of your investment over time. Much of the St. Pete area is close to downtown and also close to the beaches, so the quality of life is excellent here. I am a lifelong resident of the St. Pete area and love it here!

One interesting factor in St. Pete is that most of the major development happening in Downtown St. Pete is high end apartment complexes. On one hand this shows that there is major institutional money investing in multifamily housing here in St. Pete. On the other hand, all of the new apartment supply in St. Pete is at the high end of the price range and is Class A. This is an opportunity for smaller landlords with normal properties. There is growing supply for mid level median rent price housing, and the supply is shrinking - great for small landlords!

Alex 

Alex