Good strategy for MIAMI or HOMESTEAD, FL market?

Good strategy for MIAMI or HOMESTEAD, FL market?

Homestead, FL · Member since 2019 · 59 posts · 24 votes

Hey all! I am in the Miami/Homestead FL market. What kind of due diligence is necessary for a gutted property? Also, would you tackle this as a newbie? Not even sure where I would start. Just wondering if there is anyone else in this market and what would you say works best in this market in order to cash flow? SFH, multi-family, rent by room, or fix and flip? Ive heard on podcasts that not every strategy is great for every market. Would appreciate any comments! Thank you all.

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  • Owen MitchellPro Member
    New to Real Estate · Jacksonville, NC · Member since 2019 · 91 posts · 21 votes
    4y

    Don’t know if this helps but this FHFA housing index shows a lot of cities in Florida housing prices raising above the national average, might do well with either flips or multifamily.  

    https://www.fhfa.gov/DataTools...

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