I'm from the Trinidad and Tobago I already has 14 commercial units which had been doing well for the past 16 years. At the moment I'm in the middle of moving to Florida to live and have already saved up just a little over $100'000 (US) dollars. This was a huge sacrifice and I just some advice on best way forward to purchase a multifamily unit as my first BRRRR cash. I did my research and know that I might not be able to get that in Florida. However I'm very open in investing in another state. Any valid advice would be very appreciated. Thank you.
Trying to BRRRR remotely is a good way to get fleeced. Ive seen it happen in my city several times, one was all via people met here on BP and even wound up a big forum thread about the ugly aftermath. I would suggest investigating how to get additional funding for a local purchase and do the BRRRR where you can keep a close eye on everything.
Thank you for your advice.