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re: Looking to buy rental property in Florida.....
Posted on 1/29/10 at 9:20 am to MonreauxTiger
Posted on 1/29/10 at 9:20 am to MonreauxTiger
1
Posted on 1/29/10 at 10:08 am to Lou
DON'T DO IT. Florida's rental markets are beyond the point of total saturation. I just read a report that said that it may toake as long as 20 years for the markets to get back to normal in Florida. Condos are having major issues with defaults which means that those who follow the rules will get hammered with having to pick up the slack for those who are not paying their fees.
I've lived here most of my life and I have never seen a state deteriorate as quickly as is going here right now. There are homes with "For Rent" signs sitting vacant everywhere.
I've lived here most of my life and I have never seen a state deteriorate as quickly as is going here right now. There are homes with "For Rent" signs sitting vacant everywhere.
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