All Forum Posts by: Britney Lewin

@Chris Grenzig Thanks so much for the recommendations. I am able to work from anywhere, but I prefer to stay within arm’s reach of West Palm Beach, which has led to some analysis paralysis in identifying the ideal area for my initial investment property. I've been researching the Orlando area and north of WPB, so it's reassuring to see others mention Orlando as well.

 I also want to take full advantage of the opportunities available to me now, while I am not obligated or bound to a specific location.

Hi Shawn,

Thank you for the warm welcome, Shawn. I'd love to hear more about the specific opportunities in the Orlando area. My primary goal with this initial investment property is to reduce my expenses by moving to a more affordable area where my PITI is less than my current rent. This approach will help me build equity while saving for my next investment property.

Currently, I live in downtown Fort Lauderdale, so relocating outside of South Florida will likely impact my lifestyle. I'm very active—I ride my bike, walk to the beach about 3-4 days a week, and can walk to most of my workout classes. Additionally, being close to an international airport is ideal for me as I also run a small Turo business. However, I am flexible in making temporary lifestyle changes to help better position myself within real estate.

Hi Kyle,

Thanks for your response. My primary goal is to find a property that I can live in for 1-2 years and convert to a rental property (LTR or STR), depending on location. Then, I plan to purchase an SMF property that cash flows and repeat that process a few times over until I am able to generate enough income to reinvest to replace my main source of income today.

Any specific neighborhoods in the WPB you think will have the best appreciation in the next 10-15 years?

Hi Jon,

Thank you for the recommendation. I have heard of The Villages, but I also heard it is more of a retirement community. If this is true, I'm not sure it will align with my lifestyle since I plan to live in the property for a year or two. I am curious, has your friend mentioned anything about the quality of life or benefits from an investment standpoint outside of affordability?

Hi Jonathan,

I hadn't considered Lakeland, but it does sound like an area I may potentially be interested in. I have considered the greater Orlando area (Davenport, Kissimmee and Clermont). I'll explore it further. It's reassuring to know that I'm looking at a good time when prices are on a downswing in many areas.

I'll start researching both Lakeland and Crystal River. Thanks again!

Congrats Daniela! I am looking to start investing myself by purchasing a primary residence and then converting to LTR after 1-2 years. Are both of your properties in SF?

Good rental market* ( BP won’t allow me to edit my post title. )

Hello,

I'm looking to invest in a property for house hacking or to live in for 1-2 years before converting to a rental. I work remotely and prefer a location within 2-3 hours of West Palm Beach, where my family lives. Currently, I rent in downtown Fort Lauderdale and want to move to invest in property. Any suggestions for areas to relocate? I greatly appreciate all advice!