I live in Florida so the cost of properties here is somewhat prohibitive. I am thinking of purchasing something out of state but unsure what. I would prefer a commercial property but generally speaking my $80k will likely not be enough for a decent commercial property.
Does anyone here have success with out of state investing? If so, what type of properties do you purchase? Should I save more and wait?
I have $80k to invest. Where do I begin?
byu/SwissMade21 inrealestateinvesting
Posted by SwissMade21
2 Comments
What part of Florida? I’ve been following the commercial properties in the Jax area
Hey man! My background
I own my own personal home on Long Island
I own 3 STRS in northern vermont
9 total units of LTR rentals in vermont
2 STRS in Japan.
Become too expensive in most area in US I’d want to invest IMO
I been pretty bullish on Japan from a cash flow perspective for STRS. I expect to get my full return back on my STRs in 4 years.
Cost of entry is super low.
We bought a house for 26k put in another 65k and rent it out for 250 a night at 54% occupancy. So you can do the math.
Property taxes are 600 a year/ home owners is 275 a year
Equity growth isn’t the play. There isn’t much property value growth to be had besides a few specific areas in Japan (major metros/ski resort towns).
I’m actually in a ski resort town but one of the smaller lesser known ones. Hoping it can become a next “boom” town so I hit the jackpot lol but that’s more of a side gamble with focus on the cash flow.