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Old 02-04-2021, 06:14 PM
 
Location: Palm Beach County
1,708 posts, read 4,402,823 times
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Most hoas have rental restrictions, often times 2 times per year max with a min of 3+ months. Are you looking for an airbnb style rental, or something long term? Do you have a price range, any idea or return you are expecting etc.
As mentioned the market is pretty high but so are rental prices and interest rates are very low even for investment properties.
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Old 02-05-2021, 04:06 PM
 
17,351 posts, read 22,090,465 times
Reputation: 29753
Quote:
Originally Posted by Mizi View Post
Hi! I am looking to purchase an investment property in South Florida. I'd like a property that has no rental restrictions and is known as a snow bird destination. Would love some feedback and suggestions. Thanks!
Places that allow constant rentals is less desirable for resale (of course unless you are the guy booking 40 weeks a year)
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Old 02-17-2021, 08:37 AM
 
15 posts, read 12,774 times
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Quote:
Originally Posted by mrachimi View Post
You mentioned snowbirds. Are you looking into over 55 communities. There are some new ones that have just popped up in my area of Parkland- new construction. You may also want to look into Kings Point in Tamarac, a 55+ community. Some of their buildings do allow rentals immediately (some have to hold a year) but those are typically harder to find.

If you need any help, I'm a Realtor in South Florida. Thanks!

Marni
Hi! thanks for the reply. I'm Mizi, Jon was just replying to my thread lol I am not looking for 55+ since I would like to take advantage of the property during down time. I will definitely want something in those communities in the future, but I've got 13 years to go lol my budget is 250K or lower and I'm open to anything between west palm beach to ft lauderdale. I hear Jupiter is nice, but I also hear it's fairly quiet there.
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Old 02-17-2021, 01:08 PM
 
11 posts, read 37,494 times
Reputation: 14
There are a lot of people looking to purchase property here in Palm Beach County to rent, and/or use when they want to come down and visit. Most properties do have rental restrictions, but they are usually limited. 1yr is pretty common. You need to simply work that carrying cost into your investment analysis.
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