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Updated over 8 years ago,
Newbie who has 400k to invest
Hey guys! Long story short I have around 400k to invest in rental properties in south Florida. I have read the Fort Lauderdale market still has good returns if you find the right deals. I bought a MFH in January that has good cash flow and also am in he process of closing on a 3 unit MFH as well. My main goal here is to eventually live off of the income and have at least 20 doors.
I guess my main question is how should I plan to do this. Should I buy all MFH under 4 units or try other routes? My girlfriend is a RE agent which helps with the closing costs and is pretty knowledgable. I feel like I am buying high right now... But don't want to sit on the sidelines as interest rates are still low and cash on cash is over 10%. Any thoughts?