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Purchasing a South Florida Property
Hi all,
Looking at some areas in South Florida for a SFH. Wanted to know your thoughts on the area and then also any connections to certified Real Estate agents in the area as it will most likely be a STR after a year of living in it. Feel free to give any feedback as I am super open. Have a STR in Plano Texas and it is doing good. Please share some insight my Florida brothers and sisters!
Quote from @Kyle Fairbanks:
Hi all,
Looking at some areas in South Florida for a SFH. Wanted to know your thoughts on the area and then also any connections to certified Real Estate agents in the area as it will most likely be a STR after a year of living in it. Feel free to give any feedback as I am super open. Have a STR in Plano Texas and it is doing good. Please share some insight my Florida brothers and sisters!
Quote from @Kyle Fairbanks:
Hi all,
Looking at some areas in South Florida for a SFH. Wanted to know your thoughts on the area and then also any connections to certified Real Estate agents in the area as it will most likely be a STR after a year of living in it. Feel free to give any feedback as I am super open. Have a STR in Plano Texas and it is doing good. Please share some insight my Florida brothers and sisters!
Quote from @Ray Hage:
Quote from @Kyle Fairbanks:
Hi all,
Looking at some areas in South Florida for a SFH. Wanted to know your thoughts on the area and then also any connections to certified Real Estate agents in the area as it will most likely be a STR after a year of living in it. Feel free to give any feedback as I am super open. Have a STR in Plano Texas and it is doing good. Please share some insight my Florida brothers and sisters!
even suburban submarkets are red hot right now in miami like leisure city, homestead, florida city you can still get infill lots one of the last few places in miami dade county right now. rezoning and variances you can do even better. if you are limited on capital ground up construction and land might be something to consider in miami in these submarkets. I posted about one of them today in the classifieds
Hi Kyle,
South Florida is hot for STR, one of my clients just got theirs up and running in a suburb of West Palm Beach. Even in a suburb they have been at 88% occupancy. Ideally it's nice to be in the hotspots such as WPB, FTL, Miami, but have found that the suburbs have been killing it as well. The advantages to those are that there are less restrictions, less competition and lower purchase price.
Let me know if you want to chat some more!
Quote from @Legacy Parker:
Hi Kyle,
South Florida is hot for STR, one of my clients just got theirs up and running in a suburb of West Palm Beach. Even in a suburb they have been at 88% occupancy. Ideally it's nice to be in the hotspots such as WPB, FTL, Miami, but have found that the suburbs have been killing it as well. The advantages to those are that there are less restrictions, less competition and lower purchase price.
Let me know if you want to chat some more!
Sometimes the suburbs are even better than the main areas, especially if they are close enough to the popular areas. Usually the property is bigger and can command a good nightly rate. Though, I have found some of the suburbs to be very strict.
Hi Kyle,
I am a real estate agent in Jupiter. I recognized your name from the Discord community I was part of. I love watching your content. Anyways, airbnb is still pretty profitable down in South Florida. I know a few people who have retired from a few different airbnbs down here in West Palm Beach. I personally do not think you can go wrong in any part of South Florida as long as the numbers work. Nowadays, renters are all about experience. I think living in the house for a year would be beneficial, too, because you would qualify for a lower downpayment, but you would also be able to get it set up yourself while you are living in it to save even more money. If you want to brainstorm together and get my thoughts feel free to give me a call! I am also a real estate agent based out of Jupiter so I can send you some local properties I think might be a good fit for you.
