Is Miami too expensive to buy for renting?

[Tania Gonzalez Casal]

Trying to start on the business right now. Anyone from Miami, FL?

[Gabriel Amedee]

Hey Tania,

I think it greatly depends on what you are looking for. I’ll admit I am envious sometimes of how easy many members make it seem to pickup deals with a 2% gross rent to purchase price. That’s honestly unheard of down here, usually my goal is to see 1% of the gross rent in purchase price in an area that shows signs of expansion. I’ve met investors down here who take on other strategies such Airbnb, ALF, corporate housing, etc just to find avenues for increased income. I’m sure other members will pitch in and give their experiences. Feel free to reach out if you have any questions!