MY first Multifamily Investment

[Roland V Clark]

I am retired U.S Army and currently live in Virginia near Fort Lee army base. I plan on moving to the Tampa Florida area late 2022 or early 2023. I do not want to live in Tampa but maybe 20-30 minutes from Mcdill Airforce base and VA hospital. I going to Florida with an investment mindset and want to purchase a multifamily property and will start small to get experience. I may house hack if a deal make sense, that will be something different experience for me, but I guess that is part of an investor DNA. If I cannot find a deal, should I rent until the market cool off then invest? or purchase a house and wait until the market cool off. I know I have to make the final decision if any can provide some wisdom, I will be thankful.

[Jordan Garcia]

Hey Roland, 

Unless you have a crystal ball that is telling you when the market will cool down, my personal opinion is to get in ASAP. As an appraiser, realtor and investor in the Tampa bay market I'm still seeing +10% property value growth in most market areas with only signs of stabilization. If you're looking for property with an investment mindset you'll be able to find a good deal that will produce income and gain equity and for a house hack property, that's a WIN! Not to mention the obvious benefits of being able to leverage the VA 0% down payment loan on up to 4 unit properties. Let me know if I can help in anyway.