Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 52

INSIGHT
The BEST PLACES to Buy
RENTAL Property in Florida
Kathy Fettke, co-founder of Real Wealth Network, may
live in California, but she manages a national portfolio.
Find out why she has her eye on the Sunshine State.
T
he best places to buy rental property often
have three things in common: job growth,
population growth and affordability. When
you find a market that has all three of these
factors, you’ll probably be able to find good
investment opportunities.
There are several cities across the United States where
these factors exist today — places where you can buy
high cash-flow rental property while prices are still low
(around $100,000 in many cases), and watch your equity
grow.
In this article you’ll learn about some of these “best-
buy” markets in Florida, one of the states we are currently
focusing on. Find out what makes them great places to
invest in and why.
#1: ORLANDO, FLORIDA
The demand for single-family homes has been on the
rise in the Sunshine State for quite some time. Still, it’s
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possible to acquire fully renovated properties in good Flor-
ida neighborhoods for under $120,000. Plus, you can rent
them for upwards of 1% of the purchase price.
What’s even more interesting is that, despite these in-
credibly low housing prices statewide, many home seekers
are choosing to rent instead of buy. As you can imagine,
this is causing rental rates to skyrocket (approximately
8% just this year)! And on top of great cash flow, values
are on an upswing in these areas with no sign of slowing
down. They are nowhere near their 2006 highs and inven-
tory levels are still way down because builders just can’t
make a profit at these price points.
Property taxes and insurance are low, plus there’s no
state income tax. Add warm weather and exceptional
health care, and you can see why many of the 10,000 baby
boomers retiring every day are moving to Florida.
Orlando is one of the best places to buy rental property
in the state of Florida in 2017. Located in Florida’s “sun
belt” region, the area is known for its warm climate, beau-
tiful beaches, world famous amusement parks, entertain-
ment, and attractions.
With a combined population of 3.3 million residents,
the Orlando real estate market is fueled by job seekers,
baby boomer retirees, and students who want to live in
a “cheap and cheerful” area that offers a high quality of
living at a reasonable cost.
PAGE 52 • 2017

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