Hi guys, I'm new to the platform and I wanted to introduce myself. I bought my first home 5 years ago and it has appreciated a lot in the last few years. I just recently took advantage of the low interest rates and refinanced it taking some of the equity out to invest it in a new deal. However I can't seem to find a good COC return in Miami. Can anyone let me know what's a good market to look into? And what's a reasonable COC return on investment in today's market?

Thanks

Miami is going to be tough right now. You can probably take your equity and drop it into multiple options in a town like Lakeland, which is getting very hot right now. Many undersung areas in FL are predicted to do well in 2021, but I see Lakeland more than others lately and have an investor who just bought there. I lived in Ft. Laud for 7 yrs and Sarasota for 7 yrs and I still think Sarasota has legs for flips and Airbnb.

Thank you so much Jonathan. best of luck to you. 

@Yanelis Branly

Hello Yanelis, yes the major metro markets in FL are really hard to find good deals in currently. But other smaller areas have a lot of room for potential, Cape Coral / Lakeland / New Port Richey / Cocoa Beach etc are some places I have been looking into lately.