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Punta Gorda - Port Charlotte Charlotte County
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Old 04-03-2014, 10:45 AM
 
132 posts, read 506,973 times
Reputation: 90

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Hi everyone. I'm considering buying an investment property and since I have very limited funds I'm strongly considering TGA. I've been to the area and looked at a couple places. I realize there's a reason for the low prices and that appreciation will come slower than other areas but the area still seems like an oppurtunity to me.
I'd appreciate hearing the good and bad.
I'm not exactly sure if I'll make the home a rental, flip or maybe even move in and sell my current home.
Thanks in advance.
Mike
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Old 04-03-2014, 02:30 PM
 
Location: Port Charlotte, FL
3,961 posts, read 8,475,969 times
Reputation: 1855
Tropical Gulf Acres is a very remote (rural) area in the southern most part of Punta Gorda heading toward N. Ft. Myers. There is a lot of vacant land there and many of the roads are not paved. There have been a lot of fires there too during the dry season. It is convenient to 41 and I-75 Exit #158 which is called Tuckers Grade. There are some other threads on City-Data about Tropical Gulf Acres.
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Old 04-03-2014, 04:10 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,878,591 times
Reputation: 2804
Hi Mike,

I own several rentals in the Charlotte and Sarasota area. I agree about the fire concern in TGA but when you look at the return on your money for that area, it tends to be pretty decent. I've had several investors make some decent money flipping in TGA. North Port is also another good area for flipping but it would take considerable more cash for a flip in the North Port area.
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