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Updated over 2 years ago on . Most recent reply
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LOOKING TO BUY MULTIFAMILIES IN OUT OF STATE
I am a real estate investor from Miami looking to buy Mulltifamilies out of state(mainly midwest/ and southeast US). Obviously its been difficult trying to find feasible deals in Florida and that is why I am looking to expand out of state, If anyone knows any good wholesalers and realtors that can help or provide any guidance. I would really appreciate it.
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@Ryan Santelises You should reach out to rent to retirement. I know some of their new build are sold well below market value that have a lot of equity. A friend of mine who did a new build with them in FL that was all in under $260k and the home is projected to sell above $400k. It would rent out for $2500 a month producing double digit ROI and over $600/month cash flow. Might be worth looking into as those returns are hard to beat from what I have seen so far. @Adam Sieg is another person doing new consruction with them that may be able to expand on the numbers more.
Aside from Florida I know they also have inventory in some of the other areas you are talking about as well. Hope that helps!