First Time Investor South Florida

[Bernard Pierson]

I would like to know if anyone can recommend a multifamily home broker, or how to find one, in South Florida. This is my first MFH investment and any tips are welcome. I would also be interested in maybe finding a wholesaler who can bring me good deals.

I can be patient and would have the time to wait for a good deal and hopefully find a broker who I can work with long-term, as hopefully this will be my first MFH investment but not my last.

Thanks,

[Joel Owens]

Hi Bernard,

I would start with the number of units and capital to invest.

Then decide if you want 100% vacant, value -add 50% occupied etc., or fully stabilized already with a good cap rate for quality.

Brokers who handle larger properties of 50 to 100 units and up do not waste time on quads or 10 unit properties. Too much time and aggravation for lower price point.

Hope it helps.