Florida is one of the most popular states to buy rental property. Florida real estate market classifies as one of the best places in the housing market. Although the prices have gone up, and they are predicted to keep rising, this has not stopped investors with being interested in purchasing property. Since Florida is known for millions of tourists each year, due to the great weather (besides hurricane season) and the wonderful attractions, investing in rental property is a great choice, especially for an Airbnb.
There are a few downsides to purchasing rental property in Florida. You may have a harder time getting a loan, and when the local housing market it down, you lose a lot of money.
Nonetheless, Florida is a great state to purchase your property. If you are a creative investor and looking for legal advise, call Martin Law Group. We help creative investors close real estate deals.