RENTAL INCOME PROPERTIES:
Multi Unit Residential income properties can be duplex/triplex/quadplex and multifamily apartment communities which are prevalent throughout South Florida. They are classified as “Income Properties” because they currently have tenant in place or are currently established as rental properties by their “use type”. The links below will take you to specialized searches pre-defined for the property type indicated, as follows:
Search for Duplex/Triplex/Quadplex properties in South Florida – CLICK HERE
Search for Multifamily (5 to 100 rental units) properties in South Florida – CLICK HERE
SHORT SALES AND FORECLOSURES:
A SHORT SALE is defined as a property that is being sold “short” of the balance due on the mortgage or mortgages. Short Sales require approval of the lender (or lenders) who own the mortgage on the property. In many cases, properties available for Short Sale are owner-occupied and therefore are usually good condition and require little rehab in order to become new homes or investment properties.
Search for Short Sale properties in South Florida– CLICK HERE
A FORECLOSURE is a property that is already owned by the lending institution and the owner/occupant has been removed or has left voluntarily. Foreclosures are typically subject to multiple bid purchase scenarios and may or may not be in inhabitable condition at the time of purchase.
Search for Foreclosure properties in South Florida – CLICK HERE