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Updated over 3 years ago,

User Stats

36
Posts
17
Votes
Dorian Weber
  • Real Estate Agent
  • Wellington, FL
17
Votes |
36
Posts

Life just changed and now I am 100% remote - where to live??

Dorian Weber
  • Real Estate Agent
  • Wellington, FL
Posted

So I recently just changed jobs from a door to door salesman to a 100% remote sales role

Numbers for the sake of numbers (base 80k, commission 50-80k..ote is 70) so lets say a nice conservative guess of 120k. Im told I can at the very least use my base for a loan. initially I would also have a RE license and I am a licensed MLO also which might be helpful

Have around 50k saved up and own one home in South Florida (owe 150k on a 320-340k home) - have roommates that offset that but couldn't use that as income on an approval. Will either rent that out and use the income to offset a loan. I would consider buying a multi in florida with an fha and 3.5% down but the returns are horrific for the home prices and if I did I would just rent a room out of state while being feet on the ground in another state

Question is - I have 2 years of this job and can be based mostly anywhere east coast (within an hour time zone) where can I base myself to really maximise my investment growth with rentals. South Florida is very difficult to find good cash flowing properties (more an appreciation market) and though im told Jacksonville is an option if I am going to temp relocate I see no difference between moving 5 hours and moving 13 hours away. Fl is still where I will keep my residency initially 

Thanks for all the tips

Cheers

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