How to find MFH properties in Miami/ lower Broward?

[Daniel Heller]

So this is basically my second post on BP. I've started to listen to podcasts and have been trolling here for a bit, learning tons!

But, I still don't have a good grasp on how to find good MFH properties in the Miami/ lower Broward area. I'm looking for a buy and hold MFH, probably around 4-6 units, but open to a slightly larger property. This will be my first investment property so don't want to bite off more than I can chew. I will not be house hacking, so am also limited in size of property and amount financed based on how much I can put down for 20% down payment. I've spoken with a couple of realtors, but haven't been impressed with them, they're just giving me some of the listings I see online. I keep looking online at loopnet and realtor.com, but the asking prices are way too high. Any ideas of how to find good properties or any off market properties? Can try direct mail, but I thought that was more effective for SFH. Don't really see any for sale signs out when driving around. Any ideas?

Any input would be much appreciated!!

Thanks!!!

Daniel

[Lucas Machado]

@Daniel Heller - South Florida is an incredibly competitive market - especially for MFH. The good MLS deals are under contract the same day they are listed. The others may become good deals some day, but require months and months of consistent follow up to snag them when they become good deals.

If you're looking for off market deals, the main ways to get them are either: 1) link up with wholesalers who have off market deals or 2) source your own off market deals the same way other investors and wholesalers would source their own deals.