Fort Lauderdale, FL · Member since 2015 · 4 posts · 4 votes
I will be starting college at Florida State University in Tallahassee and I would like to get into real estate investing. I have about $10,000 saved up and I could get more capital with investments from my family. I am looking for my first deal to be a house hack and I am wondering if Tallahassee has duplexes, triplexes, and quadraplexes near the university. Also are there good opportunities for flipping, buy and hold, and wholesales in the area, which is what I am trying to focus on for my investments.
Hi @Avery Kolber - congrats to you for already having that much saved up to jump into investing while in college! If you haven't already, I'd suggest you find some local investor groups to get involved with in the areas you're looking to buy in. Your fellow investors will have great advice and connections for you. You can put a shout out here on BP looking to join a Tallahassee investor group. Chances are good there's more than one group in such a large population center. Best of luck to you!
Hi Avery, welcome to Tallahassee! I'm a realtor and I work with a lot of investor clients. There are definitely some properties on the market right now that fit your criteria. As Chris mentioned, there are a few groups in Tallahassee that focus on real estate investing that you can join to learn a little bit more about it. I'd love to meet with you to talk about what you need and we can take a look at what's available, I'll send you a message :)
Depending on where you want to live, when I was at FSU, there were some fabulously priced condos on W. Pensacola (W side of Stadium). I know it's not a house hack, but the numbers just didn't make sense for me to buy at a 5-6% CAP. I can recommend an excellent investment realtor in Tallytown that I'm still in contact with.
Hoping you survive your four years in Talla-nasty!
Hey there Avery! I'm an Investor and real estate agent in Tallahassee. I've been up here for several years now from Ft. Lauderdale (Sunrise to be exact). I know first hand how powerful house hacking is and definitely would recommend it. My property will be paid off at the end of this year and I'm already looking for another piece of real estate!
If you're interested in getting together sometime or if you have any questions at all please feel free to reach out. I love talking real estate!