Is this possible in Miami?
Hi all!
New investor here looking (hoping) to invest in Miami for my first property, if the numbers can work out. But can they? Two properties by the end of 2018 is the goal! Here's what I'm looking for:
I'd like a 4-plex buy somewhere...
- …with landlord friendly laws (Florida, check!)
- …I would consider living, and maybe house-hack the first year. (Miami, check!)
- …with good public transportation and closish to an airport.
- …I can afford two properties. Depending on price and loan options two 4-plexes would be sweet but maybe a 4 and a 2.
- ...will cash flow well :)
- …there is a great property management company. (They say this makes a huge the difference.)
- ...there are good property taxes and no rent control (I hear this changes by zip code)
Thoughts? Any suggestions on neighborhoods in Miami that might fit the bill? Whats the overall market like in Miami right now?
Cheers,
André