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All Forum Posts by: Steven Scarpa

Steven Scarpa has started 1 posts and replied 2 times.

Miami

Post: New Real Estate Investor

Steven ScarpaPosted
  • Posts 2
  • Votes 1

@Charles Carillo thank you for the insight! Have you had better experiences with certain areas more than others in Miami Dade? I am also willing to look further north into Broward and Palm Beach counties if there are better opportunities there.

0 Votes
Miami, Florida
Miami

Post: New Real Estate Investor

Steven ScarpaPosted
  • Posts 2
  • Votes 1

I am new to Real Estate Investing and am looking to purchase my first investment property in Miami. I have been using the 1%/2% tests on prospective properties and am having a hard time finding properties that exceed 1% on the test. Has anyone had this issue in the area and been able to successfully generate cashflow on their investment property? If so, what areas in Miami-Dade have been most successful?

Also, does anyone have any recommendations/preferences on single family, multi-family, or condo investments in the area for a first time investor?


Appreciate any advice! Thank you

1 Vote
Miami, Florida