It all depends on your goal. Alot of things go into consideration when talking about investment properties...Location, amount of repairs, roi's, price, etc..I'm an investor here in the Tampa area as well as a licensed real estate agent. Feel free me message me if you need help finding the perfect investment property!
It all depends on your goal. Alot of things go into consideration when talking about investment properties...Location, amount of repairs, roi's, price, etc..I'm an investor here in the Tampa area as well as a licensed real estate agent. Feel free me message me if you need help finding the perfect investment property!
Right now, the simple 4/2 single family in most B and A residential areas will be hard to cash flow after you move out. Simply, prices outweigh the rental income you will receive. That is unless you do some sort of value add such as purchasing a home that needs work at a below average price, buying in a growing area, or adding square footage through a garage addition, etc.
SFs do tend to appreciate more than condos. You can find some condos in good areas as well. If you are looking for long term appreciation, single family is the play. For rent, it is really on a case by case basis and very location specific.
Please feel free to reach out if you need any more advice!
@Krystof Pilisiewicz It depends on price, size, and location. If you're looking at around a 1900 payment for FHA, you are probably around 300k or so. That would probably get you a house close to 2000 sq ft. Rents in those areas is probably around 1600-1800 a month.