Rental Property Investor · Boca Raton, FL · Member since 2019 · 38 posts · 15 votes
If you have $200k sitting in your checking account and wanted to invest them in Florida, what would you look for in a market like the one we have now. - Would you buy 4 condos where you give $50k in each and finance the rest?
- or give all $200k and buy somehting bigger and finance the rest?
Rental Property Investor · Clearwater & Daytona Beach, FL · Member since 2019 · 194 posts · 197 votes
6y
There are many ways to invest in RE successfully, but I would personally use it as a down payment on an apartment building. Preferably one that’s occupied, but needs some cosmetic work/rents raised.
After stabilizing the property in a year or 2, sell and 1031 exchange into a larger apartment building, rinse/repeat.
There are many ways to invest in RE successfully, but I would personally use it as a down payment on an apartment building. Preferably one that’s occupied, but needs some cosmetic work/rents raised.
After stabilizing the property in a year or 2, sell and 1031 exchange into a larger apartment building, rinse/repeat.
the issue I am having is finding a good apartment building/multifamily where the price makes sense. At this time, in South Florida, this is becoming very complicated..
Rental Property Investor · Clearwater & Daytona Beach, FL · Member since 2019 · 194 posts · 197 votes
6y
@Eddy Wehbe Don’t be afraid to invest outside your backyard. I’m pretty spread out throughout FL. There are more reasonable areas of FL that you could potentially still drive to in a few hours if you had to.
@Eddy Wehbe Don’t be afraid to invest outside your backyard. I’m pretty spread out throughout FL. There are more reasonable areas of FL that you could potentially still drive to in a few hours if you had to.