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Updated about 2 years ago on . Most recent reply

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14
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Erik Bergerud
7
Votes |
14
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Best bang for buck if cash flow is biggest priority

Erik Bergerud
Posted

Have some capital to spread out on a few down payments for 100-150k sfr’s or say more units in the form of multi-family. 

I have long term hold investments and am seeking near term cash flow to round things out.  If cash flow were your immediate term priority what type of RE investments would you be seeking and why? Thank you. 

Most Popular Reply

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368
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335
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Josh Green
  • Realtor
  • Tampa/St Pete/Clearwater, FL
335
Votes |
368
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Josh Green
  • Realtor
  • Tampa/St Pete/Clearwater, FL
Replied

@Erik Bergerud

Absolutely buy 1 STR/MTR. I do these for the greater Tampa area and you could buy yourself a turnkey property that might cost you $3300-$4500/mo total and generate you $90-$125k/yr in revenue. The Tampa area serves all 9 categories of STR/MTR visitors and also checks the boxes in projected growth/demand/jobs so although you will get a lot of cash flow, you'll also expect to gain ~$6k/mo in appreciation on a 10 yr hold in the purchase price range you can easily afford with your current liquid cash position.

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Impact Realty Tampa Bay
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