Updated over 3 years ago on . Most recent reply
New to BP - Looking to meet out of state investors!
Hi Everyone,
I am new to BP and wanted to introduce myself. I am a new investor currently looking to buy my first rental. I am based in NYC but looking to invest out of state. I am currently looking in Tampa, Orlando and Delray Florida markets.
I am considering either STR or small multi-family (2-4 units).
If anyone is experienced in out of state investing or can put me in contact with the right people here on BP it would be great to connect!
Most Popular Reply
@Anthony Esposito Welcome to the forums of BP. You are sure to connect with tons of great people here. I'm in the Orlando area, so happy to help with any questions about investing in this area. I do a little in Tampa, but my expertise is in the Orlando market.
What is the deciding factor between LTR and STR for you? Are you familiar with STR and all the regulations involved, it can be tricky depending on where you go. Many of the metro areas are hyper competitive right now, inventory is ridiculously low, forcing pricing up and interest rates are going up too, so crunch numbers and make sure they work and you have multiple exit strategies!
Best of luck to you.