South Florida - New to Real Estate Investing

[Basilio Alcantara]

Good Afternoon,

I am looking for any guidance on possible cash flow locations close to my area.

I live in Miami and I am looking to invest in the next couple of years on passive income properties here in Miami. I wondered if it is possible to cash flow here since Insurance and Taxes are so high, makes it really hard to get cash flow.

I am looking to put-20% Down 80% Financing.

Any other locations close to Miami with good Cash flow potential? I read that Fort Myers is a good area for cash flow deals but it is a bit far from Miami.

[Iden Nazario]

@Basilio Alcantara I second what @Lucas Machado said. Insurance just depends on what company you are working with and what exactly you are wanting to get out of your coverage. Taxes aren't that's high in areas like coral gables then I won't disagree with you. You have to think a little differently to find those deals. Some areas that will fit the profile of what you are looking to do are homestead, Florida city, south Miami, cutler bay and university park. The ability to rent a property now a days in South Florida is just like taking a sip of water. It's REAL EASY. Obviously ones do diligence is always necessary but with the market being inflated you should be able to take advantage of its situation atleast for now.