Investing in real estate is definitely one of the best ways to make money. However, there are many new circumstances which determine the success of your investment, and one of the most important ones is location. If you’ve spent even only a couple of months in the real estate investing business, you must have heard that location, location, location are the three most top significant factors when buying a property.
For many good reasons, Florida has been one of the best places to invest in real estate in the US housing market for many years now. To begin with, Florida is the fourth most populous state in the US, and for real estate investors (and landlords) a lot of people translates into a lot of rental demand. Moreover, Florida enjoys one of the highest population growth rates nationwide, according to the US Census Bureau. The local economy is doing quite well, and the unemployment rate has been decreasing in recent years. All these factors spell out the perfect recipe for a profitable Florida real estate investment to be rented out on a long-term basis. Couple these with the many tourist attractions and the beautiful climate, and you end up with an ideal location for investment property in Florida in short-term rentals (or vacation homes) as well.