New to Florida and the market.

[Jesse Allen]

I’m new to real estate investing but have been looking into and studying for several years now. J moved to Florida from Pennsylvania and don’t know the markets well yet. I’m used to multi family housing being very common where I am from but haven’t seen a lot of those types of houses here. I’m seeing apartments and single family housing more than anything.

Am I not looking hard enough or am I just such a rookie I am not looking in the correct places? I will also say I have never purchased a home ever. I have lived in apartments mostly. I do have a construction background (owned a construction company) so I can fix up a home if needed. Thank you!

[Daniel Sherman]

@Jesse Allen

Putting high amounts of your future potential into something is difficult, especially if you are doing it for the first time. Fear is a real anchor and can keep you from going forward. We are on our second fix-and-flip and are on contract for a duplex in Tampa and will be first time landlords. Buying that duplex was a mental hurdle my wife and I had to get over and we don’t own it just yet (closing in mid-June). With each property we’ve bought, we looked at dozens of others and learned what “normal” looked like. When we pulled the trigger on these properties, they were no brainers compared to the “normal” investments. However, nothing is as simple as we hope and very few things go to plan, but if you’re ok with making mistakes with calculated risk, than you will know what’s right and what’s not. There is nothing you can invest in that doesn’t have to chance to head south, but some investments have much more of a safety net than others.

Dan