Rental Property Investing In Broward County and Palm Beach County

[Ike Okwerekwu]

I’m an investor and licensed Florida realtor currently focused on acquiring a multifamily property ($100k–$500k) in Palm Beach County or Broward County. My primary strategy is long-term rentals, though I am open to testing short-term rental potential with one unit if the right property allows.

I’m interested in off-market opportunities or deals that are below market value, ideally with minimal rehab (cosmetic updates are fine). Location and rental demand are key for me, so I’m prioritizing areas with strong population growth and stable tenant bases.

If you’re a property manage or fellow investor with leads in this area, I would love to connect.
For those already operating multifamily in Palm Beach/Broward, what neighborhoods or submarkets have you found most promising lately?

Thanks in advance — looking forward to learning from you all!

[Samuel Awosolu]

Hey Ike, 

I’ve actually worked with a few investors in that same price range ($300K–$500K) who were targeting similar goals — long-term holds with some light rehab potential.

Based on what you’re describing, you might want to take a closer look at:

• Pompano Beach: There’s been a lot of positive movement there thanks to the city’s active CRA (Community Redevelopment Agency). They’ve been investing heavily in new infrastructure, mixed-use developments, and neighborhood revitalization. It’s a solid area if you’re thinking about future appreciation and rental demand.

• Tamarac / North Lauderdale: Great market with strong tenant demand and lower price points.

• Lauderdale Lakes: Another underrated pocket — stable rental base and often less competition.

• Coconut Creek: Slightly higher price points but well-managed communities and consistent tenant demand for long-term rentals.

If you’re running your numbers, I’d also suggest factoring in your potential rent growth and insurance costs, especially in Broward — those two can make or break your ROI considering the environment we are in right now.

From a lending perspective, depending on how you plan to structure your next deal, you might want to explore conventional investment loans or DSCR (Debt Service Coverage Ratio) loans. DSCRs can be useful if you want to scale faster and qualify based on property cash flow rather than your personal income — something a few of my investor clients have done successfully.

Either way, sounds like you’re on the right track — those submarkets definitely have room for growth and have strong tenant pools.

Hope this helps. Best of luck in your journey!