Updated almost 2 years ago on . Most recent reply
Florida rental investment
First time trying to buy a rental (single family, duplex, triplex, quad) in Florida. Goal is cashflow positive with 20% down. Looking around Jacksonville, Orlando (of course Disney is the attraction point), Fort Lauderdale or anywhere close to Atlantic. I have looked at about 20 plus properties with no luck. I need some serious help.
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@Prabhash Shrestha this is going to be tough, I analyze a ton of deals for my investors and most properties just don't make sense and it's not getting any better as home values appreciate and rents aren't keeping up. If I do find something, it is usually because it is priced according to condition, but once you value add and bring it up, you've now spent more cash.
New construction may be an option, many builders are offering rate buy downs and closing cost assistance and then you get quicker appreciation when they continue to build out the community. That may be worth looking into.
Best of luck.