New Investors Looking To Buy a Multifamily in Ft. Lauderdale area

[Danielle Larsen]

Hello BP Community! 

So glad to be a part of such an awesome resource for people to come and soak up knowledge from some of the most experienced investors in the country! 

So, the plan is to invest in a Triplex or Fourplex in the Dania Beach area (with my partner), fix it up to good renting condition, then live in one unit while renting out the other units. That is just the start of our portfolio. Since this is our first investment, I was wondering if anyone can give us any good referrals to a mortgage lender who specializes in 203k loans, in the Broward or Miami counties. 

Thank you so much for any advice you're able to offer. 

[Steven Gesis]

Originally posted by @Danielle Larsen:

Hello BP Community! 

So glad to be a part of such an awesome resource for people to come and soak up knowledge from some of the most experienced investors in the country! 

So, the plan is to invest in a Triplex or Fourplex in the Dania Beach area (with my partner), fix it up to good renting condition, then live in one unit while renting out the other units. That is just the start of our portfolio. Since this is our first investment, I was wondering if anyone can give us any good referrals to a mortgage lender who specializes in 203k loans, in the Broward or Miami counties. 

Thank you so much for any advice you're able to offer. 

Welcome Danielle!

Lots of great information on the site.  You are in the right place to meet and greet.

Check out (3) Secrets Everyone Needs to know about using a 203k loan for more information on the 203k loan, loan process and how to build the right team for success.

Good luck to you!