Florida markets that make sense for cash flow and growth?

[Terry Landon]

Looking for coastal Florida markets that make sense from a cash flow and growth perspective?

[Perry Rohan]

Hi Terry, 

The Florida real estate market, especially in coastal cities, is going through tremendous growth and constant redevelopment. While Cap Rates are usually lower than other markets, with thousands of people moving here every month, the demand almost always exceeds supply… so an exit strategy must be part of your plans.

I would target smaller beach towns north and south of the big cities. Also stay away from high rise condos as recent legislation is forcing condo boards to fund reserve accounts to 100% of repair value.. this means higher HOA fees and special assessments, making investor returns a challenge. Instead, concentrate on SFH and small Multifamily (duplex, etc) and you will have a better chance.

I am a broker and property manager in Florida, and also following the advice I just outlined for you here. Get in touch with me if you need any help.
Regards

Perry