Florida is an interesting market. I own a SFH in Florida (out of state buy and hold investor) and hunting for more properties. Insurance rates have risen and I always look for flood zone X as a requirement to avoid flood insurance, block construction or stone/brick to avoid termites, no pool, construction 1980+ to avoid costly capex, greater Tampa Bay Area, No HOA or HOA less than $175 per month, $150k-$225k SFH with no more than $15k in repairs, 2+ beds 1+ bath, minimum 1000sqft, cash on cash return for year 1 minimum 7%, 20% down, 30 year fixed mortgage long term buy and hold.
This fits my needs but I’m fascinated by other investor “niches.” What’s your strategy? I’d love to hear how other investors control their parameters and analyze properties with controlled criteria. What’s your niche? How do you filter through listing and limit yourself? I understand that some people don’t want to share insight with other competitive investors so please feel free to hide your location based criteria.
