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Updated almost 2 years ago,
Team recommendation for small multi-family unit investment in Miami
Hey there! So, I've been thinking about investing in small multi-family units in the Coral Gables area. I actually lived there for about seven months, and I know the area pretty well. I'm looking for a property that needs a little fixing up but isn't a complete overhaul.
I've been considering financing options and I think a 203k loan could work for me (or some form of a rehab loan). It would allow me to cover the rehab costs and make a lower down payment (around 10-20%), which is perfect for me.
Right now, I'm in the process of building a team. I need a lender, agent, contractor, and a HUD consultant. I'm looking for people who know the area and have a good track record. Do you have any recommendations?
Overall, I think investing in small multi-family units in Coral Gables is a great opportunity.