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Updated about 4 years ago on .

Account Closed
5
Votes |
44
Posts

Best play to use 100k with the main goal of cash flow FL or PA?

Account Closed
Posted

Hello,

i am looking to house hack a 2fam in NJ right now but have set-aside funds for a rental with the goal of cash flow of $200 per unit after 5/5/8/10% being for repairs, CAPEX, vacancy, PM.

i narrow it down to FL basically from my understanding is the whole state is growing and has good growth projections in the next 5 years with good overall numbers all around.

Philly or PA because ill be living in NJ for the next 5 years or less, so having a rental i can drive 2 hours to get to sounds good to me but not sure if i can cash flow there. Plus, the transfer tax can add 8k to any deal which i did not know about.

trying to make the best play here and thinking 5 years down the road. I dont think prices will come  back down anytime soon.

any advice or tips?

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