In Miami, you absolutely MUST be careful. Especially in the Miami Gardens area. It's no different from investing in Rochester or the Bronx. There are some areas which look good in the Bronx but when you visit someone you'll see that the area isn't a nice area to live in. I know exactly what I'm speaking about because I've lived in the Bronx. But the same thing goes for Rochester where the values are low and it looks like you can get a very low cost house and rent it for high rents. But remember, not many people are running to Rochester to live. In addition, the heating costs in Rochester can be more than rent in the middle of winter.
So all in all, you CAN buy a decent house in Miami Gardens. But be careful of the neighborhood that you would like to buy the property in. I have a person in Miami Gardens that I can connect you with. Call me at (425) 606-5406 and I'll connect you with her.
Don't buy one of the first 20 houses that you evaluate. And remember, you can't buy a house from 1500 miles away. If you do, you might regret it. We can help you make better decisions when you're ready to buy.
Till we talk.
Sara and Thomas
You probably don't need the 20% downpayment. We have programs for less money down, especially when a family member will live in the house. If you need some help, don't hesitate to call 24/7.
And I should tell you congratulations on your good credit score. You obviously know how to protect your credit.
Call us at (425) 606-5406 if you need to talk about anything. We're happy to help.