HELP! Looking to buy my first buy and hold
Hi everyone I am looking to purchase my first buy and hold property. Basically I am a real estate agent (I am very focused on listings etc.) and am looking to make my first buy and hold property purchase (passive investor).
#1. What criteria should I shoot for
#2. Where should I start
#3. Can I just buy something off of the MLS
Location: South Florida
Most Popular Reply
@Tyler Piciullo have you looked into Southwest Florida around Fort Myers and Cape Coral? I'm working with a turnkey company - Rent to Retirement - and have had a lot of success with new construction (build to rent). Currently, you can get a new 4/2 or 4/3 roughly 1650-1775 sq ft home for under $300k that is appraising for anywhere from $360-$410k and renting for $2400-$2500/month. Might be something to look into. A lot easier than trying to compete on the MLS! Happy to chat more if you'd like. Good luck!