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Updated over 3 years ago,
Best play to use 100k with the main goal of cash flow FL or PA?
Hello,
i am looking to house hack a 2fam in NJ right now but have set-aside funds for a rental with the goal of cash flow of $200 per unit after 5/5/8/10% being for repairs, CAPEX, vacancy, PM.
i narrow it down to FL basically from my understanding is the whole state is growing and has good growth projections in the next 5 years with good overall numbers all around.
Philly or PA because ill be living in NJ for the next 5 years or less, so having a rental i can drive 2 hours to get to sounds good to me but not sure if i can cash flow there. Plus, the transfer tax can add 8k to any deal which i did not know about.
trying to make the best play here and thinking 5 years down the road. I dont think prices will come back down anytime soon.
any advice or tips?