Home Buying in Coconut Creek>Question Details

Mila, Home Buyer in West Palm Beach, FL

Hello realtors ! I'm Canadian cash byer and my question is : is it possible to buy in Florida residential incom properties with 8-10% cap rate ?

Asked by Mila, West Palm Beach, FL Thu Mar 7, 2013

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3
Hi Mila,

I have recently sold some multi family properties that are pulling the type of cap rates you are looking for. I'm also working with investors from several different countries.

If you check my recommendations you will see that I do my best to keep my customers happy.

Give me a call and we can discuss exactly what you are looking for.

Nadine Mauro
Highlight Realty
561-414-0864
NadineSellsHouses@gmail.com
0 votes Thank Flag Link Thu Mar 7, 2013
Difficult in this economy to receive that type of cap rate, especially in Coconut Creek, but good for long term.
0 votes Thank Flag Link Thu Mar 7, 2013
I am a land lord (multiple properties) since 1987; single homes in good areas (good future appreciation), after all expenses (incl. 10% managment fees) and I figure in 11 months per year of income, will produce 5%-6%; not so good areas may have somewhat beter % of return but will require, in my opinion, hand-on managment....

With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220 http://www.WeSellBroward.com
0 votes Thank Flag Link Thu Mar 7, 2013
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