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Updated about 14 years ago,
20k to put towards next deal, HML?
I will have about 20k to turn around and invest in a property. I am debating between trying to find a HML for SFR in the suburbs of Tampa; there are plenty of great deals to be had here with an all in rehab,and purchase price of under 100k.
My second option is purchasing a duplex rental unit for under 15k, that needs no more than cosmetic repair, to rent for maybe 600-850/mth.(completely estimating rental units by ads for rentals I have seen listed)
I am torn between bringing in a rental cashflow, or flipping a couple of houses yearly, and making substantially more.
I really want to flip houses, and I am a skilled carpenter that can do everything to a house but electrical,plumbing or roofing.
If anyone could put me in touch with a HML who does deals in Florida, I would greatly appreciate going over terms and figuring out what my best options would be. I am also open to getting in touch with private investors/mentors in the Tampa area.
Thanks.