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.
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.