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Updated almost 5 years ago on . Most recent reply
What to do with 30k to invest in Florida?
I have $30,000 to invest in Florida. Currently living in Miami. I am a Realtor so I have full access to MLS and market data.
What investing strategy should I follow? BRRRR, Fix and Flip, buy and rent a property ready for that?
Please advise on what cities to invest. Miami is a very expensive city to invest so I want to know where to look for.
Anyone investing un Florida?
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Boulder, CO
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Rental Property Investor
- Boulder, CO
@Jose Barberi Again, I feel you are starting with the wrong metrics. I'd ask what market has the strategy I'm interested in. Perhaps the issue is finding a property with the 2% rule will be extremely hard to come by (or at least for a C+ / B class area with stable tenants). Then I'd ask, "how can I make the deal yield a high COC return?" Chasing numbers without fully understanding how they work and what kind of property and tenant you get is how many investors get burned.