How you proceed with your investments depends on what your investment goals and risk tollerances are, just like the stock market. Do you want to invest in long term rental properties? Do you want to invest in shorter term condo-type properties that you rent out for a week at a time during the tourist season? Are you looking to do any repairs or upgrades or do you want to buy something that is ready to rent out?
These questions, and others are a very important aspect of how you invest in real estate and each has different returns on investment and risks.
I do not handle real estate in Florida, but I have helped several investors in the Dallas, TX area. Our cost of housing is cheap, our rental rates are jumping significantly, and our economy is one of the best in the nation. For 100k, would probably only be able to get 1 good property (most investment homes are costing between 60 and 80k), but it might be a better idea to use that cash for down payments on 2, 3, or even 4 properties and finance the rest. Again, it all depends on your risk tollerance and goals.
If you would consider investing in the Dallas, TX area, give me a call and we can discuss what your needs and objectives are.
It's more than real estate. It's RAYL-Estate!
Keller Williams Elite - Dallas, TX