Which Zip In FL

labluver profile photo

We have 350K to reinvest within next 6 mos.
Does anyone have any insight as to where to and what to do with this amt?
We are partial to FL for the obvious:
affordability,appreciation and no snow factor.
Thanks confused

Comments(8)

  • ray_higdon24th April, 2005

    Southwest Florida

    Cape Coral or Naples gets my vote
    [addsig]

  • 8ball00724th April, 2005

    Jacksonville Florida

  • Maddog5624th April, 2005

    Or better yet, diversify and buy in Northern VA and Florida. With 350K you can get a lot of property under your control.

  • labluver24th April, 2005

    Thanks so much Ray,Intrepid,Maddog, & 8ball.
    I really appreciate your insightfullness.
    We too have been back and forth on VA.
    Also, are pro to Jacksonville and SW FL.
    Many thanks.
    Also, how does this effect the 1031 exchange?
    We would like to use these places too to vacation periodically and not just investment.
    Any ideas ...???

  • ray_higdon24th April, 2005

    Naples was number one on the list as the most desired place to have a second home by www.escapehomes.com
    [addsig]

  • Palmguy3024th April, 2005

    Look at Gulf Shores and Fort Morgan Al. Lower property taxes than in florida and we are looking at 30-40% appreciation this year with no slow down in sight.

  • InActive_Account6th April, 2005

    Sounds funny to me. Do you other applications?

  • Robert_L25th April, 2005

    ahmedmu,

    For that person that you evicted, did you perform criminal check, background check, previous landlord, credit check, sufficient income and employment verification check?

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