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All Forum Posts by: Firas Rabbat

Firas Rabbat has started 1 posts and replied 1 times.

Miami

Post: First time buyer of rental property in miami. Need advice.

Firas RabbatPosted
  • Posts 1
  • Votes 1

Hello,

I am here for advice on miami market. I am moving to miami this summer and interested in buying a condo or single family house in Coral gables, pincrest, south miami, downtown or brickell area. I am staying in miami for two years and will move out and rent out the property afterwards. I am mainly looking for all done homes with no need for any type of work due to time constraints.

From what I noticed, there is nothing I can find that will break even or generate positive cash flow if I move out and rent out the place. Is there any advice or recommendation? Should I still buy or just rent for now? should I target condos or single homes? my budget is about a million for a nice place.
Thanks in advance!

1 Vote
Miami, Florida