Ideas for an investment property Alabama/Florida Coast

[Anastasia S.]

Hi everyone,

I’m currently on a road trip driving down the coast from Alabama to Florida, looking at the properties in Pensacola at the moment as real estate prices seem affordable here and the demand is high and stable even during the COVID times.

I understand Panama City Beach is not within my budget but excited to check out Clearwater/Tampa area and all the way down to Miami as I’m not attached to any particular location.

I would love to connect with local investors or hosts and get advice. My ideal property would be within 50-120k price range, single family home suitable for STR, not far from the city center/beaches. I'm open to rehabbing a distressed property. I've spoken to a few agents in Pensacola but would like to work with someone who has expertise and understanding of Airbnb and short term rentals. I have a STR in California and understand the concept very well (have been successful for the last 4 years) but not the local market.

I would appreciate any advice on what neighborhoods/areas to look closely at and what to avoid. Please feel free to message me directly.

Thank you all in advance,

Anastasia

[Blake Dailey]

@Anastasia S. Panama City (not PCB) would be a good place to check out. For that price range you could get a distressed property and STR rent it. You would be a little further from the beach, but beach-goers who want a more affordable option will still stay further away and you can attract guests traveling for the military bases. There's not too many places along the coast you can pick up for under $120k, but if you look for good markets close enough you can still find good potential. I operate all of my STRs in Panama City away from the beach and do very well all year round by catering to beach-goes in the summer and working professionals in the off season.