Florida Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Is it too risky to do my first BRRRR deal in Florida right now?
My goal is to purchase my first BRRRR deal this year. I have a $82k HELOC and South Florida is looking like it could be a solid market. Is it too risky to do my very first deal during this pandemic in a virus hot spot? Or should I invest somewhere that is less affected by the pandemic for now? I really want to get my first deal out of the way to prepare myself for more opportunities in the next couple of years. I think Florida would be a great place for those opportunities. And it would be nice to already have a team there if more and more deals start popping up. I don't have a mentor yet so I'm hoping I can get some knowledgeable opinions here. Thanks in advance...