First time investors

[Timothy Roberts]

Hello everyone. My business partner and I have been long time silent readers and listeners and we’ve finally decided to take the necessary steps in purchasing our first investment property. We’ve been doing a ton of research and we have agreed that we want to avoid syndication and try to BRRR a few multi family properties on our own dime (5 units and up) to raise capitol and then eventually sell these smaller multi families to purchase larger complexes to hold and maintain cash flow. We both live in Long Island, NY where the market is more favorable to single family purchases so we are willing to invest out of state (in fact this is our current strategy) but we cannot agree on where the best location would be to invest. We want to try to focus our efforts on a single market as we start and have toyed around with Richmond, VA, Tampa, FL, San Antonio, TX, and Orlando, FL. We’ve decided it may be wisest to see what you all think with you’re personal experiences bearing in mind our strategy. Thank you in advance for any help you can provide and I look forward to your responses.