Investing in areas with low rent to price ratios

[Travis Nachman]

I am looking at properties around the St. Pete area to invest in, but the prices are way to high compared to what they can rent for. Ideally I would like to brrrr but even the good flips will lose a lot of money on the rent side of it. What are some ways to make this work? I've considered the possibility of finding properties I can ad an ADU or even just leaving extra money in the deal so the debt payment isn't so high. The videos I see online of people using the brrrr strategy are in markets unlike mine, so any advice on how to make a market like St. Pete work would be greatly appreciated!

[Josh Green]

@Travis Nachman

Most metros that are desirable and showing long term, high appreciation rates are going to experience this at one point. Gone are the days here where you can just buy any multifamily or single family and just rent it out for good cash flow. While the barrier to entry has increased, there absolutely is still opportunity here and many people all over the country know that and are actively looking here.

I wouldn't mind hopping on a call next week to discuss your situation and see what can be done 👍🏼