Newbie moving to Fort Lauderdale

[Michelle Gomez]

Hello! Currently I reside in California relocating to Fort Lauderdale. How is the market in that area for rental properties? I've been on "planning mode" and want to purchase my first property out there. Any suggestions on multi family buildings? I don't have any savings towards it but will be getting a job so that I can save for a future loan. What do you suggest? Thanks!

[Adam Schooley]

@Michelle Gomez the rental market in Ft Lauderdale is very strong.  It sounds like the best strategy for you with no savings at this time would be to do what we refer to as House Hacking. You can buy a MF property up to 4 units as your primary residence and only have to come up with 3-5% down.  I've use daily this same technique for the last few years to buy rental properties in the Ft Lauderdale area. I'm an investor friendly agent so feel free to contact me with any questions.  I'd be glad to help you out.  Hope this helps.