Miami investing or Yes or No?

[Karla Castro]

Hi Everyone. I have been doing some homework and I would like to get into flipping homes. I have money to invest at the moment, however I'm finding it so difficult to find a home that meets the standard numbers I should be looking for in a good flip. I live in Miami, FL and there seems to be a lot of competition. Currently looking on the MLS for REO homes but there is not much in my area. I have also searched Craigslist for some deals but no luck there either.

I would also be interested in long term rental multi family homes but again there does not seem to be any availability in the area.  Would it be a smart move to buy my first long term rental out of state?

Does anyone have any advice for options on how to look for some deals in the area?

Thanks,

Karla