New to the platform (HI y’all)

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New to the platform (HI y’all)

Yanelis Branly
Real Estate Agent · Miami, FL · Member since 2021 · 2 posts · 2 votes

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

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  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    5y

    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.

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  • Yanelis Branly
    OP
    Real Estate Agent · Miami, FL · Member since 2021 · 2 posts · 2 votes
    5y

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

    1Reply
  • Zachary Bliss
    Realtor · Bradenton, FL (Bradenton) · Member since 2020 · 88 posts · 44 votes
    5y

    @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.

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