Newbie Investor from Miami, Florida

[Stephanie Sicard]

My name is Stephanie and I am a newbie investor that lives in Miami, Florida. I currently work as a Property Manager and recently discovered that investing in rental properties is what I want to do until I decide to retire. I am excited about this new path I am taking and have been educating myself for the past few weeks. I am currently reading " The Book on Rental Property Investing" by Brandon Turner. I plan on purchasing my first duplex or triplex by the end of this year. The prices in Miami are fairly high and I wanted to know if anyone has had experience purchasing multi-family homes in this area and what is some advice they would give me before I take the big step. 

Thanks for all the feedback in advance! 

[George Munoz]

Read the book Long-distance Real estate investing, by David Green, investing in north Florida is such a no brainer when you compare what you can get and ROI, compare to Miami. A lot of investors in Miami are betting on appreciation, which at this time of the market I really won't recommend that much.

Consider and do some research on these Florida Counties: Polk, Brevard, Duval, Pasco, Hernando, Volusia. With the type of return you will be getting, it will be easy to hire a property manager and you can still get a decent or greater return, and plus you will only have to worry on just getting your rents paid, no hassling manage your own deals.. ( I know you are a professional on the career, based on your comment, though it will give you more time to keep working and producing more, knowing that the investments already are taken care off)

Regards