Broward County/Fort Lauderdale FL - New to Real Estate Investing

[Jason Etheridge]

Hey everyone! I’m new to BP and have decided Real Estate Investing is the path I’m going to take.

Im looking for a little input. I’ve been reading/doing research and I am kind of stuck trying to figure out how to make my first move.

I currently own a home and have about 80-100k equity. (I also have a decent savings and can borrow from my 401k if I need as well). My house is probably as high as it will get and my taxes are Insanely high for the area I live in. I want to purchase a triplex or quad and house hack it to start and also purchase something else after moving in but maybe in a better market for investment. I currently have roommates and they will move with me but finding a deal seems real tough in this market.

Does anyone have any recommendations for finding a good deal in Broward county Florida? Preferably closer to Fort Lauderdale. I’m not sure how I should be calculating my returns as cap rates seem to be quite low no matter where you look.

Thanks!