Updated almost 11 years ago on . Most recent reply
Questions regarding Multi Unit Properties in Miami Area
Is it feasible - in Miami, Fl - to look for a property of 500k, put 20% down and expect 20% return after expenses including mortgage?
After doing an initial search of multi unit properties in neighborhoods such as Coral Gables, getting 20% on your return might not seem realistic. For example, I found a quad in Coral Gable with a MOI of about $4,000 selling for 690k.
Thoughts?