Duplex/Triplex Oppt to invest in Miami location

[Angela Romero]

Hi, 

I'm new to the Miami area. I'm looking to invest in a Duplex/Triplex/Fourplex. I've been analyzing several deals (50+) using the 2% test and the 50% test and most deals look pretty awful. My sense is that the price to rent ratio is out of whack. I think the price in these places is too high for the kinds of rents that you can charge. I've been looking in Coral Way, Little Havana and Coral gables the outside areas. Are there any other areas where the numbers look better?