New to real estate investing interested in buy and hold just wondering what types of properties have worked for other investors in Miami/Kendall area?
@Luis Lopez I have a few clients that buy investment properties in Kendall/Fontainebleau for buy and hold. Usually condos.
@Raymond J. Rodrigues Thank you for replying appreciate the input
Yes sir. Keep in mind, most condos in South Florida require a limited review due to lack of reserves. A limited review requires 30% down in the state of Florida on condos for investment properties. Full review allows you to go in with as little as 15% down. If you were buying this as a primary, this would allow you to buy with as little as 3% down in lieu of the standard 25% that everyone thinks is required. I have an approved condo list for most of South Florida.
@Raymond J. Rodrigues thank you so much man you gave me a direction to head in and I'm looking into it
@Luis Lopez if you or anyone has any questions, I’m here for you.
@Raymond J. Rodrigues thank you I'll let you know