STR Cash Flow in Florida
I've spent countless time looking to purchase a STR property in Florida and I can't seem to find anything that fits the numbers to get any sort of cash flow with 10-20% down! Is it just me, or are the prices too high to turn any sort of positive cash flow while projecting conservatively.
Most Popular Reply
Hi Andrew, you can definitely find some pockets that will cash flow with 10-20% down. On the lending side, I've funded several over the past couple of months and we had the PM underwrite with projections ahead of going under contract & they were solid cash flow.
@AndrewSteffens is a great contact for you as he is PM and an agent. he would be helpful in providing insights on the pockets he's seeing the best cash flow & can also help identify the property for you.