Ft Lauderdale and Miami/Dade area Real Estate Investing?
I'm in California (Los Angeles area) and I have been thinking of investing out of state for years. 2 reasons why South Florida appeals to me at this time:
1. the LA market is ridiculously saturated with investors, competition and I what I feel is a bubble.
2. I have family just moved near Ft. Lauderdale and I'll be visiting the area often.
I was wondering if you know about the area or if investing in SFR or multifamilies is good now for buy and hold in that area? I'm looking for rentals that can substantially beat LA returns in pretty decent areas like B class neighborhoods in pretty good shape and easily manageable from out of state.
I have a lot of experience managing and landlording rentals in Los Angeles.
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