First investment property

[Joe Solari]

Hi I’m just starting out. Was possibly looking to invest in Florida single or multi family. Was wondering if any one had any insight on what would be a better move in this market single family or multi and also short term rental or long term? And what areas I’m from Massachusetts and the house prices are too crazy here

Thanks for any information 

[Stephen Brown]

Hey Joe. As of right now, small multifamily numbers just don't make a whole lot of sense. Landlords are demanding top dollar based off comps... cash flow barely even exists at their asking prices. I would go single family in today's market and luckily here in our area there are still properties coming on the market where numbers make sense. The rent to price ratio is phenomenal here and I'd say single family is a great way to get started.