Multi Family investing in Tri-State area

[Klarens Haxhi]

Hi everyone,

I’m a new investor and I’m interested in investing in multi family homes in the tri-state area. I live in Queens New York and I’ve done some research on Bridgeport CT. The neighborhoods aren’t that great and homes range from 250k for a 2 family up to 350k for a 3-4 family. 
I wanted some guidance from you guys on what particular factors to consider before purchasing. I am a big fan of bigger pockets and I absolutely love their podcasts on Real Estate investing. 
I would really appreciate some advice and also suggestions of up and coming locations where investing would generate a positive cash flow. Thank you in advance!!

Best,

Klarens

[Luke Skinner]

Currently right now the Tampa area is a great cash flowing market. Right now there are many new districts being built in the Tampa area. 5Billion going into South Tampa alone. There is an investment property out there for everyone. You can acquire a $110k SFH that brings in $200-$300 a month in cash flow or buy a new construction Multi Family property or one that has add value and great cash flow after debt services. Currently the average rental amount in Tampa is $1350 with a diverse community that makes this market very appealing to investors.

Also there are great cities around Tampa to invest into as well such as St. Pete, Clearwater, Lakeland, Brandon. I hope this helps!