Little Haiti Miami area? Location. 8 unit deal

[Will F.]

Hi I was wondering if anyone knows the little Haiti area

I have the opportunity to buy a $1.4-1.5m 8 unit property but I don’t know the area that we’ll and have never been

Any locals know this area well or if this is a good deal at $181k per unit.  There’s not that many comps and I don’t know the area and heard mixed reviews 

[Isabela Faria-Newell]

My question to you is - What are you planning on doing with this investment? 
Are you planning to run it as a STR or a flip and so forth?
Depending on your investment metric, I would give you different advice, but in general my thought process for you would be:
1. Definitely make sure someone (your real estate agent) goes out there to see the street the complex it is in. Although Miami realtors like myself know the streets, they change quickly in Miami. I lived in Miami for 8 years and Lil Haiti is growing but it's still considered an "up and coming" not great neighborhood. You have to be careful what street you invest there. I think that depending on your investment strategy, it can work.