Looking to connect with investors in Miami/Fort Lauderdale

[Jonathan Mentor]

Hello all!

Jonathan here, native New Yorker and recent Miami transplant.

After really digging in and performing some self education I’m ready to take the plunge into real estate investing.

I’m interested in meet & greets or networking groups in South Florida that are friendly to real estate newbies. It’s one thing to read articles and listen to podcasts, it’s another thing to shake hands and have a cup of coffee (or wine!).

My primary goal is to acquire my first 2-3 rental properties in Florida at or around the $100k mark and create some cash flow even if it’s modest and actually go through the motions of acquiring a deal, financing, closing, etc. Want to scratch this off of my list by end of 2021.

Anyone open to hanging out or swapping stories?

[Bradley Sriro]

@Jonathan Mentor welcome to Miami. I think its great that you are looking to start acquiring your first rental properties. What areas and types of properties are you interested in? 

Unfortunately South Florida (Miami-Dade & Broward Counties) will not offer you any single family home options under $100k. You can find condos for under $100k but the HOA fees will generally eat up most if not all of the cash flow. You may have to rely on investing out of your market if you want to stick to that price point. It is very difficult to find a single family home in South Florida right now that will cash flow even with a 20% down payment. The best way to get cash flow in the Miami market at the moment is to purchase small multi-family of 2-4 units. If you ever want to talk about the market, I am always available. Best of luck!