Miami Market!

[Jose Alonso]

Hey guys so I just bought my first duplex in Miami. Pretty decent area going to live in one unit while renting the other. Now I would like to buy another property strictly as an investment to rent out, I am looking at another duplex or single family home. Do any of you have experience in the not so good areas of Miami- Allapatha,  Miami Gardens, Brownsville, Model City etc.Those are the areas that I can afford right now, the numbers add up fine properties cash flow. Just would like to hear from someone who has investments in these areas. Thank you, kind regards Jose Alonso.

[Frank Boet]

Originally posted by @Jose Alonso:

Hey guys so I just bought my first duplex in Miami. Pretty decent area going to live in one unit while renting the other. Now I would like to buy another property strictly as an investment to rent out, I am looking at another duplex or single family home. Do any of you have experience in the not so good areas of Miami- Allapatha,  Miami Gardens, Brownsville, Model City etc.Those are the areas that I can afford right now, the numbers add up fine properties cash flow. Just would like to hear from someone who has investments in these areas. Thank you, kind regards Jose Alonso.

 Jose, I have lived in Miami since 1969. It's remarkable to see what used to be ghetto neighborhoods turning into vibrant and expensive communities. There was a time no one wanted to live in Hialeah, Little Havana, what is now the Fashion District, Coconut Grove and even along Biscayne Blvd, especially in front of AA Arena.  Right now, I think Brownsville, Allapattah, and Wynwood are hot. Little Haiti, Overtown one day will be hot. Miami Gardens has too many problems. There is a murder there almost daily. I think one day there wouldn't be any ghettos in Miami. Ghettos and low income housing are being pushed out of Miami-Dade. Every inch in Miami is prime real estate. We live in the hottest, sexiest, most diverse city in America, maybe even the planet.