First Step in the Miami Market

[Elijah Danielsen]

Hi guys, I just wanted to see what advise you might have for someone just starting out. I have followed BiggerPockets for years and have been a real estate agent for 4 years. I graduated college last year and have been with my current W2 job since (1.5 years). I went to get preapproved to do my first house hack and in the Miami market, I am only going to be approved if its zoned MultiFamily. 

I have analyzed several properties (At least 50 or more) but none of them make me comfortable yet. I am renting month-to-month and need to be out as soon as I can.

I have started to consider renting a 3 bedroom apartment (or most likely a house) and renting out the other rooms or Airbnb the other rooms. I was just curious if there was something specific you would take into consideration or focus on in making your first step. Thank you all in advance!

[Dominick Galinis]

@Elijah Danielsen

hey Elijah! Welcome to Florida! Miami can be tough to break in for sure, but absolutely doable. One thing I would recommend is checking out the Airbnb laws for the area since you mentioned wanting to possibly Airbnb out a room or two. Good luck!