Get Rich Education 310: A Real Estate Winner Today: Florida New Build-To-Rent Homes
The pandemic has fueled remote work.
A New Yorker paying $4,000 rent in a 1 BR apartment can now work from Florida, paying $1,500 rent in a 3 BR & 2 BA single-family home.
Central Florida benefits from this in-migration.
Florida has law that favors landlords, zero state income tax, a low cost of living, beach proximity and of course, warm weather.
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These Central Florida Build-To-Rent properties are brand new.
They often appraise for $5,000 to $10,000+ more than your purchase price. That’s built-in equity.
Your rent-to-price ratio is often 0.8% to 0.9% for single-family rentals. The average tenant stay is 3+ years in this new construction.
Get the report and learn more at: www.GetRichEducation.com/Orlando
The growth and economic diversity in the region is astounding.
The time is likely “now”: brand new construction, high rent occupancy, cash flow, low interest rates, low insurance premiums, low $160K - $220K property cost.
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