All Forum Posts by: Bob Mills

@Tom Gimer For my 2 cents, I also believe that since BP is geared strongly towards the "passive" income, Kiyosaki-inspired crowd who is looking for assets that can cash flow at 10%-20% cash-on-cash return with the additional cost of property management, it naturally isn't going to be as active as some "2nd tier" cities such as Indianapolis, Kansas City, Memphis, etc. DC isn't cash flow heavy - it's hard to find an MLS property that meets the 1% rule, not to mention the 2% rule. It is more of an appreciation town when it comes to long-term holds. For short term it can be great for flips & wholesaling, but again that isn't the main focus of BP.

Hi Niklas, I'd be interested. I haven't attended any existing REIAs yet but most of what I hear about the groups in this area echoes your sentiments. Seems like garnering interest will be the main challenge.

@Bradley De comarmond Thanks for the perspective, this is interesting.  I guess I could just focus on the flood maps and get something that sits outside of the 50-year or 100-year floodplain and feel pretty secure about it.  On the bright side, maybe when I'm 75 I'd have a beachfront property and my value would skyrocket for having the water views.

@Bradley De comarmond I am in a similar situation as the original poster (although I live in DC) facing the decision of investing out-of-state versus sub-par cash flow at home.  Being interested in Florida myself, I am curious to get your take on Florida's long-term stability against the problems of rising sea level.  Wondering how residents and local investors get comfortable with it.  Thanks in advance!