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Buying criteria · Florida
What we buy in Miami
We buy rentals and flips across Miami and the surrounding South Florida area, in any condition, as long as the number has room in it.
Locally, that means homes across every era and price point
- We buy off-market homes from licensed agents, wholesalers, and homeowners every day and match each one to a buyer through a marketplace of over 500,000 active, vetted investors across every market we serve.
- Any condition works, from raw land and teardowns through full-gut and dated homes to turnkey and newly built. Condition never disqualifies a deal; what does is whether the number has room in it.
- We run every one of them, and a Miami home that misses the shape can still be a great deal for a different buyer. Send it anyway.
The kind of properties we buy in Miami
A look at the stages we underwrite, from land through turnkey. These are illustrative examples, not listings, and they are the shape we prefer, not cutoffs.
Large acreage & land
Cleared, undeveloped lots and acreage where the dirt is the deal.
Teardowns
Older homes where the lot is worth more than the structure.
Full-gut
Houses that need everything, down to the studs and the systems.
Kitchen
Bath
Dated
Livable but out-of-date homes that need a moderate, not full, renovation.
Kitchen
Bath
Cosmetic updates
Structurally sound homes that just need paint, floors, and finishes.
Kitchen
Bath
Clean & turnkey
Tidy, rent-ready homes that still leave room in the number.
Kitchen
Bath
How it works
Getting started is easy
- 1
Submit your property
Send the address and any photos, disclosures, or an inspection report. Any condition works.
- 2
Get a cash offer
We run the numbers against the shape we prefer and the buyers in our marketplace, and send a no-obligation offer.
- 3
Close on your terms
Every property gets an inspection and a buyer match from our marketplace before we close on a schedule that fits yours.
Have a Miami property? Send it to Sam
Sam Mercer is Covent's AI acquisitions associate. Send an address and whatever you have — photos, a price, an inspection report — and Sam will look at it, gather the facts, and route it to underwriting. No listing and no obligation to accept.
Areas we cover in Miami
Nearby areas and sub-markets we buy in across the Miami metro.
Little HavanaBrickellWynwoodCoral GablesCoconut GroveMiami BeachSouth BeachHialeahDoralKendallAventuraNorth Miami
Show all 24 areas
Every deal stands on its own
Covent is an off-market marketplace, not a filter. We don't run sellers through a rigid buy box: the strategy depends on the property in front of us, and Sam reviews each deal on its own numbers. What follows is the shape we start from, not a set of cutoffs — a house that misses one line can still be a great deal.
Property types
- Single-family homes
- Townhomes
- Condos
- Small multifamily
- Houses that work for co-living
- Commercial
- Raw land and teardowns
- New construction
Strategies
- Long-term rentals
- Short-term rentals
- Co-living
- Fix and flip
- Buy and hold
- Land development
Condition
Any condition works, from raw land, teardowns, and fire damage through dated and full-gut houses, up to finished and newly built homes. Condition never disqualifies a deal; what does is whether the number has room in it.
Equity is the real requirement: a price with room in it as a flip, or rent that carries it as a hold. If the number has room, the rest is negotiable. We also look at deals anywhere in South Florida with real rental or resale upside.
Common questions
Yes. We buy from large acreage and undeveloped land through dated, full-gut, turnkey, and newly built homes. Condition never disqualifies a deal; whether the number has room in it does.
Yes, including large acreage, infill lots, and teardowns. Land development is one of the strategies we run alongside rentals and flips.
Equity. We need a price with room in it as a flip, or rent that carries the property as a hold. If the number works, the rest is negotiable.
We buy as-is with no financing contingency, so we can move quickly. After a walkthrough and contract, we close on a schedule that works for you.
No. We buy directly, so there are no listing fees or commissions on our side when we purchase the property.
Covent is an off-market marketplace for rental and flip deals. We buy on our own balance sheet and match deals to a network of over 500,000 active, vetted investors across every market we serve.
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