Quote from @Laurens Van swol: We are exploring the possibility of purchasing an investment property in Florida.

Purchase price: $252,000 Cash invested: $63,600First buy and hold.

Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k 

I have helped many investors purchase LTRs in Little Rock,AR, Memphis,TN, and OKC.

Easiest way to do that is go to the top of this page and click on AGENT and there you'll be matched with 3-5 agents in your areaBest of luck in 2025!

It seems that if you can find a good deal on the purchase price, are willing to do cosmetic updates (floors, painting, maybe a kitchen) you can get that 100-200/month cash flow.  

Have you done work to the property for ARV to increase since purchasing?

Hello all, I recently purchased a condo on the east side of Madison from a foreclosure sale auction.

But one thing is for certain - if it's off-market, you have a much greater probability of getting to the the desired purchase % you are after.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?