Found a good short sale on an Online Auction in Florida
Hey everyone. I live in Las Vegas, and have been tirelessly searching for a multi-unit complex or sfh that will cash flow. So far all I can do is keep putting in low bids as the prices they are asking for will not cash flow anything.
What i wanted to ask is if there is anyone in the Miami, Florida Dade County area that is looking for a short sale property that I happen to of found on an auction site. It is a small Duplex, 2-1bd/1ba units, in Northern Miami. It looks in very nice shape in the photos (but we know you can't go by them) The starting bid price is at $65k. From what i have researched the rents in the city of Miami are ranging from $1900 for a 1bd and $2500 for a 2bd on average. I have no idea what this duplex would rent for but It sure looks like it has potential to cash flow. Since it is a short sale and on auction it is available for financing so that is a huge plus.