Help, My Market SUCKS! (South Florida)
Ok guys so as I prepare to purchase my 1st owner occupied multiplex unit and read more and more about the 2%, 50% etc. rule, I notice that my numbers aren't looking like everyone says it should because of how expensive the real estate market is down here in sunny south Florida. I've read that even if it isn't a (+cash flow) deal its still a good investment, but others have said they wouldn't do it so I'm between going for it or just buying a single family for myself then invest in multis elsewhere. Your advice would be appreciated! Thanks again ladies and gents!