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Updated over 1 year ago on . Most recent reply

User Stats

16
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19
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Adriana Collado Hudak
  • Denver, CO
19
Votes |
16
Posts

Best strategy for cash flow?

Adriana Collado Hudak
  • Denver, CO
Posted

Hi all, rookie investor here. I own a condo in the Sunset Park neighborhood close to Baptist Hospital, major highways, Dadeland Mall, etc. It’s not a “tourist” area but has a great location and access to South Miami, Pinecrest, Kendall, etc. The unit is located on an older property that is “ok” but not modern or renovated. Property has a pool and tennis courts. The unit itself, however, is redone with new stainless steel appliances, wood laminate floors, and bathroom. My overhead on the unit is about $700 per month including mortgage, maintenance fee, and taxes. I’m trying to decide which strategy is apt to generate the most cash flow, and I’m suffering from “analysis paralysis.” I’d greatly appreciate thoughts/insight. TIA!

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