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Updated almost 9 years ago on . Most recent reply

Hersh M.'s profile image
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Hersh M.
  • Engineer
  • from Carlsbad/San Diego
  • Member since Nov 22, 2014
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Hersh M.'s profile image
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Hersh M.
  • Engineer
  • from Carlsbad/San Diego
  • Member since Nov 22, 2014
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Hersh M.
  • Engineer
  • Carlsbad/San Diego
97
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285
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Buying & Selling Real Estate

Miami property - need to confirm info

Hersh M.
  • Engineer
  • Carlsbad/San Diego
Posted

People familiar with Miami market, could you pls take a quick look at this property - http://www.zillow.com/homedetails/1131-NW-63rd-St-...

Probably meets 2% rule. This is very likely a C/D area, right? Just curious. Never seen a 2% deal before. :) 

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Carlos Rovira
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  • from Miami, FL
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Carlos Rovira
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  • from Miami, FL
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Carlos Rovira
  • Investor
  • Miami, FL
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Carlos Rovira
  • Investor
  • Miami, FL
Replied

This is a D neighborhood. You're in Liberty City. Management will be very intensive so I'd factor in an additional cost for vacancy (higher than normal), evictions etc. also maintenance will be an issue as well. Be very conservative when calculating your numbers and understand that you will need to be very hands on (assuming this is a buy-n-hold investment).

  • Carlos Rovira
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