CASH TO INVEST, BUT WHERE DO I START? - FLORIDA

[Billy Mclachlan]

Hi BP

I have been relentlessly trying to get a grip on a few of the hot markets in Florida. Particularly Orlando, Tampa Bay & Jacksonville. I find myself going around in circles and haven't yet deciphered which market would suit me best. My criteria consists of 15 - 20% c.o.c return primarily multifamily units with cashflow being my main objective. Compared to New Zealand America is MASSIVE. opportunities are endless. I just need some direction, keen on starting with some J.Vs.

Regards and thank you for reading.

Look forward to hearing from you guys.

Billy McLachlan  

[Mike Flora]

You could put together your own direct mail campaign to multi family units that have 5 or more units. Send a lot of mail to targeted sellers and wait for the opportunity to find a motivated seller where forced appreciation is there and ask for seller financing terms. Since it's over 4 units conventional loans are out and the seller knows it's either a commercial loan or a seller finance deal and terms with you could be a good option. I use Property Radar to compile targeted mailing lists and you could find something this way if your patient and send a lot of mail. Off market is the way to go now days.