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Updated about 1 year ago, 11/05/2023
Leaving NYC to purchase my first multifamily investment property. Where should I go?
Hello everyone, I'm 20 years old looking to buy my first investment property. I'm interested in house hacking in a multifamily home preferably 2-4 units. My main goal is cash flow with the long term vision of holding and eventually moving out of that property and accumulating more rentals in the same market. What cities would you guys say is the best for this goal? I also plan to use an FHA loan for the 3.5% down payment. Any advice and recommendations would be great! I do have some personal areas of interest such as north carolina, south carolina, and florida. Would these be good choices for my investment strategy?