Quote from @Rocco Garavuso:
Hello!
I am embarking on my real estate investment journey and currently reside in California, but I’m planning to relocate. As someone originally from New Jersey, I am interested in returning to the East Coast and investing closer to home. Upstate New York and Florida have both caught my attention, but I’m uncertain which market aligns better with my long-term goal of building a portfolio of multifamily properties, specifically quadruplexes. My initial plan is to live in one unit of the first property and rent out the remaining three. Given my objectives as a young investor, which of these regions—Upstate New York or Florida—would you recommend as a more viable starting point for multifamily investments, considering factors like market trends, economic growth, and property appreciation? Thank you!
Hey @Rocco Garavuso. I am an investor and realtor here in Fort Lauderdale and can advise on the region in general as well. One thing I will tell, south Florida is expected to keep growing. Many companies are moving their HQs here due to tax benefits, good work force. I will be honest with you. It will be tough to find a turnkey cashflowing property but you can certainly keep low expenses if you are interested in quad and live in one of the units. I can also advise on house-hacking as well. I currently do it!
@Shawn Mcenteer thanks for the shoutout!
