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 almost 9 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Daniel Heller
  • Miami, FL
2
Votes |
7
Posts

How to find MFH properties in Miami/ lower Broward?

Daniel Heller
  • Miami, FL
Posted

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

Most Popular Reply

User Stats

788
Posts
333
Votes
Lucas Machado
  • Real Estate Investor
  • Sunny Isles Beach, FL
333
Votes |
788
Posts
Lucas Machado
  • Real Estate Investor
  • Sunny Isles Beach, FL
Replied

@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. 

Loading replies...