Unless your pockets are very very deep, negative cashflow isn't really a great idea.

Not trying to sway anyone either way.Also not sure about the specific transaction you are talking about, but if you saw it on YouTube it is likely just a marketing move to drive attention and traffic to his work (which seems to have worked here!). 

Acquiring it below replacement cost, especially in a growing market like Panama City, could give you a significant edge both in terms of cash flow and long-term appreciation.With your track record of completing 17 syndications and managing over $500 million in multifamily assets, it’s clear you have a deep understanding of how to unlock value in these types of deals.

Thanks, great advice.My main concern is that I am not local (about a 2 hour drive to my market area).

We seem to be returning to the “Drive until you qualify” days, where homebuyers are forced to move further out to find affordable housing.For someone who works in Marlborough and only commutes a couple of times a week, buying a multifamily home in Worcester might seem like a smart investment.

This could drive demand for rentals as people hold off on buying.Impact on Investors: If you're looking to buy properties, higher mortgage rates might impact your ROI.

They always have meetings if you wanted to take a drive.

We own 7 properties that we will start developing in 2025.We are currently remodeling my wife’s two-story home, turning that into two rentals.A developer contacted us and is using our largest plot to build a four-story condo building trading one condo for the opportunity.We drive and live in an 18 wheeler debt-free saving up capital for the next opportunity. 

While you’ll face a fair share of rejections, patience, and persistence can lead to excellent off-market opportunities.Search for “For Sale By Owner” yard signsKeep a sharp eye out when you’re driving through your target neighborhoods.

None the less I still have a deep passion to move to the island.