Investing in Miami, Florida Area
Hey everybody,
I'm planning to go to Miami for vacation and I'm so addicted to real estate investing that I want to take some time to look at opportunity in the Miami region.
Here's my strategy, I want to wholesale or flip a house or a condo (I'm open for other strategy if you have any). Quick turn around, so cosmetic renovations (nothing major) in a good area. I would prefer to be close to the beach. Purchase price + reno has to be under 250 000$usd
Here are my questions:
What are the best neighbourhood to flip in and around Miami?
What is the best price range for a quick turn around?
Does the 70% rule works well over there?
What type of problem should I be worried about, (legal, paper, crime...)?
Anything I should look carefully in my inspection (water infiltration, cracks, crocodile...)?
Other advice?
Thank you !!!
I'm also open to buy in other area in florida in the near futur, if I don't like the Miami region or if other area have better return.