New Member Living in NYC, Investing in South FL

[Bruce Evans]

Hey everyone,

I am a new member living in New York City looking to invest in a few properties in South FL. Possibly South Jersey as well. My goal is to leverage weekly rentals in the South FL location to have availability at times for myself to visit (and pay myself through my job.) I travel to FL every 6-8 weeks for work and would like a place to have of my own. My father is carpenter (20+ years experience) and would be able to fly down, fix up for a few weeks at a time, and return home when complete so foreclosures and fixer uppers are alright with me. Looking for any advice, pros/cons, with residential RE. Would eventually like to get into commercial RE investing as well but mainly trying to take some action. Goal date to choose a property would be within the next 6 months. 

Thanks for all of the help and I look forward to meeting some new people.

Andrew

[Chaim F.]

Hi @Bruce Evans, welcome to the BP community. I believe you'll find here a lot of great information about investing from a distance. But I would suggest you should rather consider NJ, since it's closer to where you live, unless you're planning to move to FL. Who knows if in a few years from now you might leave your job, and go full time into real estate, by then investing FL might be more difficult since you're not traveling so often anymore. 

Wishing you lots of success!