Pensacola / Fort Walton Beach / Destin Area Expectations

[Brian Volland]

Active Pensacola/Fort Walton Beach/Destin Area investors,

I'm looking to invest in your area/areas in small MFRs (2-4 units) and have begun researching currently available units to get a feel for the market. At asking price, I've seen only a couple of properties breaking $100/unit mark. Clearly i intend to negotiate but is $100/unit fairly standard for the area or is $200-$250/unit a reasonable and attainable mark to strive for? 

[William Allen]

@Brian Volland

I didn't respond because I invest mainly in SFRs here. I looked at MFRs when I got here but I didn't like where they were or the clientele they attracted. People are overpaying for them as well reducing the ROI. I would lean more toward commercial units here to get bigger returns. Or, build some MFR and create your own market!

We will be doing the meet up once a month and I don't plan on stopping, hopefully the turnout tomorrow night will be as good as the first month.  Look forward to meeting you and let me know if you need anything before you get down.