Quote from @Ivan Castanon:
For the past 6 months I’ve been looking for houses (both SF and MF) that can produce at least a little bit of cashflow with around 20% - 30% down.
However, I’ve started to realize that this is pretty much impossible these days.
I currently have $110k sitting in my bank ready to be invested but I just can't find anything that will at least produce a 3% COC return. I've been looking for properties in and around Tampa, Orlando, and St Pete but I can't find anything that's worth it.
I’m starting to realize that I need a new strategy. I can’t keep looking for properties that will cashflow because I feel like I’m wasting my time at this point. I really want to invest in RE but I just don’t know what to do. Any recommendations? What other ways can I invest in RE in the current market.
Hey Ivan, is there a reason you are specifically Tampa, Orlando, etc? If you are looking for more cash flow specifically, would you be open to other markets? And if the area is important, I just ask, what is more important? Cash flow now? (not the future) Or the market?