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Updated over 4 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Navi Kukreti
  • Developer
  • Santa Clara, CA
2
Votes |
7
Posts

What cities/areas worth looking at in Florida or Pittsburgh?

Navi Kukreti
  • Developer
  • Santa Clara, CA
Posted

Hello BP experts.

I am new to REI and looking to invest in FL area or Pittsburgh.I would be an remote investor and would like low overhead (no fixer-upper) property to begin with. I am interested in long term rentals with positive cash-flow and a yearly rental ROI of 8-10% with value appreciation of about 3% or more if possible.
I see that Ft Myers, Cape Coral, Naples are the trending area according to some posts here. In Pittsburgh, I am familiar with Alleghney County area but those areas have seen prices shoot up recently.
I intend to start with an initial out of pocket investment of 30K - 40K.
Any advice, pointers will be really appreciated.

Thanks

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