Multifamily Florida

[James Syed]

Hello BP Members, 

In south & central Florida, what cities will you give a good cash flow (minimum $100 per door)? 

Multifamily properties (4 units or larger) to be specific. 

Thank you. 

[Lesley Resnick]

Florida is an unusual state, there are 4-5 distinct markets for real estate and each has its own characteristics.

Tallahassee / pan handle - unless you are from there, I do not recommend it

North Florida (Jacksonville) and as far south as Daytona - I am bias, I am from there and have great cash flow.

Orlando - It is getting overheated - hard to cash flow

Tampa - There are still good opportunities to cash flow.

Miami - Looks more like other big east coast cities like NY, LA, SF, DC.  Cash flow is really tough.

The $100 a door should not be too tough, but how are you making that calculation?  The number can be manipulated in the short term.  Deferred maintenance? How do you account for depreciation

Cash is king and appreciation is a bonus.