Looking For Input On Florida Rental Market
I Currently live in California but interested in investing in Florida rental market. Heading to the Tampa area in early April to do research. I understand growth is good and appreciation is around 12-18% depending on location. Positioned to buy multiple rental properties. Based on current research should be able to cash flow at 10-15% down.
Any input or suggestions are welcome.
TKS
JBW
Hi
Most investors are making money on appreciation in Florida. All the investors I've talked to put large sums of money down if they want to get cash flow.
Mike
Ok, What do you consider large amounts of Cash?
If a property will break even with no more than 20% down I consider that pretty good. Certainly better than many areas here in California.
Do you have any experience with the rental market in FL?
Hi,
shivdat@earthlink.net
Just to let you know, I live in Orlando FL and have a couple of rental props right now. I think you should have no trouble with 10-15% down. I would recommend looking into REO's for this, but you can find lots of deals even at retail.
Rental demand is pretty good, especially if you get into a neighborhood with a golf course and other amenities such as gym, pool, etc...
Contact me via email if you need more info at
Ravi