South Florida Market

[Robert Joiner]

I'm interested in buying a sfr, condo or townhouse in the south Florida area for short term/nightly rentals. Would occasionally like to visit since my wife's family lives in Miami. (Currently in Dallas) Before I get to deep in the numbers I have a few questions I'm hoping to get answered 1. My perception is south FL is really competitive, true or false? 2. What are some ways I could find properties? 3. What are some tools available I can use to research the area? I'm a Loan Officer for a mortgage company so feel free to be as detailed as necessary. Thanks

[Robin Maza]

Glad to hear you are looking to invest in south Florida @Robert Joiner.  

1)  South Florida is pretty competitive.  However there are deals everywhere, you just have to be the one to find it. 

2) You could try to get access to the MLS, and try to find properties that meet your criteria. I would also recommend getting an agent or attending some REIA's but you are all the way in Texas so I dont know how that'd work out. Some investors down here use Reifax to find properties too.

3)  As mentioned above, Reifax.  I'm not really familiar with buying properties out of state, sorry I cant be of more help.