Investing in Sarasota and Venice FL Real Estate
There's been some news about real estate investors tapering off their purchase activity as housing prices increase. That doesn't mean that the smart investors are giving up, because there's still good deals out there and a lot of rental demand in both Sarasota and Venice. For years after the real estate market downturn in 2008, it was easy to pick the low-hanging fruit of a $100K foreclosure, fix and flip it, or clean it up to rent for cash flow property. In today's market, smart investors are factoring price appreciation in their formula for picking properties. Sarasota and Venice real estate is appreciating at healthy rates, but the higher overall price point of Sarasota versus Venice makes Sarasota a more difficult area for a newer investor to dip their toe in the market. Let's look at a side by side comparison of the two areas: Sarasota Target price range $150-$200K Highest rental demand: Bahia Vista south to Clark Rd, west of Beneva and east of ...