Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.  

Cash flow might take a bit of a back seat but building a team you can trust and building experience are top priorities in my eyes.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 Purchased off-market from a tired landlord, this fix-and-flip involved renovating a distressed property with outdated features and deferred maintenance.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

Seller won’t budge on price and it will be tight for cash flow.

The letter stated it was a cash deal up to $300,000 which is why the decision to close in 15 days was implemented.

@Krystal Lozano A good majority of areas still produce day 1 cash flow for multi family in Pittsburgh with a 20-25% down payment.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.