Investing in South Florida

[Daniel Cabrera]

Hey guys, Im new to investing and Im playing on moving to the Fort Lauderdale area next summer. Im debating on getting into STR like airbnb or go for long term small multi family, whatever's going to give me a better CoCROI. I plan on moving down there with about 30k. Just looking for some insight, Thank you!!

[Joel Hutchinson]

In my opinion, while the market is cyclical, nobody can repeatedly and reliably time the market.

However, I also agree with Gary Keller statement in The Millionaire Real Estate Investor (at least I think this is where the quote came from) that said something like: Anytime an opportunity meets your strict criteria and you act, you have successfully timed the market. 

So market timing, is more about having strict criteria for buying properties at the right price (a great deal) than trying to predict one's place in the market cycle.