Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

9
Posts
4
Votes
Gregory Breton
4
Votes |
9
Posts

Seeking advice on starting with Multi family rental property in Fort Lauderdale

Gregory Breton
Posted

I'm looking to get started with my first multifamily rental property. I'm particularly interested in the Ford Lauderdale/ South Florida area. Miami if possible. I've done some research, it would be great to hear from those who have experience in the area. These are a few things I'm curious about?

What Neighborhoods are ideal for investments?

How much should I expect to invest in a triplex or quadplex?

Are their any financing options for first time investors in Florida?

Any tips on finding good property management? 


Any advice or if you can recommend, point me in the right direction would be greatly appreciated.

Thank You, 


Greg
 

Most Popular Reply

User Stats

93
Posts
59
Votes
David Collier Jr
  • Pompano Beach, FL
59
Votes |
93
Posts
David Collier Jr
  • Pompano Beach, FL
Replied

I own in Pompano Beach. I watch the market daily and have yet to see any numbers that make sense unless you are paying cash or getting an off market deal. Most of the small multi in my area have been closing cash and still will not cash flow (maybe it's a tax move). 

I agree Palm Beach is interesting with Vandy building a campus there. Also further north such as Port St Lucie where there are many new build res neighborhoods and commercial retail. Those areas will need service workers and duplexes are still in the $400k range. 

  • David Collier Jr
  • Loading replies...