Where to start investing in Multifamily: DFW or South Florida?

Where to start investing in Multifamily: DFW or South Florida?

Arlington, TX · Member since 2019 · 12 posts · 0 votes

Where would you start investing in Multifamily: Single Family, Douplex, Triplex, fourplex ? Primarily using FHA / Low money down traditional mortgages.

Dallas/ Fort Worth (DFW) in Texas or

Fort Lauderdale / Miami South Florida area?

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Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
6y

South Florida is extremely competitive and overpriced especially for multifamily.

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  • Real Estate Investor · Palm Beach County, FL · Member since 2017 · 3k+ posts · 2k+ votes
    6y

    South Florida is extremely competitive and overpriced especially for multifamily.

  • Contractor · Miami, FL · Member since 2016 · 19 posts · 7 votes
    6y

    The inventory of legitimate triplex and quadplexes from Miami-Dade up to Palm Beach Counties is very low because historically, not many were built.  Unless you can make it work with duplexes with generally low cap rates for Tier 1 metro area, it's going to be tough.  I don't know DFW.

  • Rental Property Investor · Dallas, TX · Member since 2017 · 30 posts · 9 votes
    6y

    I spent 2 years living in Miami and the past 2 years living in Dallas.  MFHs are way more common in South Florida compared to the DFW.  The prices will be much higher in South Florida tho.

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