South Florida Help?

[Ray Rhoads]

Has anyone had success investing in South Florida? 

I found it funny ready "The Book on Rental Property Investing," hearing @Brandon Turner use $100,000 as an example price of a Multifamily property. LOL. I live in a 2/2 Condo that I paid $107,000 for in 2014. 

Prices down here are extraordinarily high, has anyone found how to make money down here?

Thanks! 

[Sam Grooms]

@Ray Rhoads, current prices have definitely made it harder for rental properties. It's not just South Florida. You can no longer buy decent cash flow. So, most large investors are doing what's called value-add, where you improve the property to raise rents. This increase is rents is now your cash flow. You have to create the cash flow instead of buy the cash flow.