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

[Gregory Breton]

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
 

[David Collier Jr]

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.