Beginning my RE Investing Career in South Florida

Beginning my RE Investing Career in South Florida

New to Real Estate 路 Franklin, TN 路 Member since 2021 路 7 posts 路 3 votes

Hello all,

My name is Dillon, I'm a 22 year old senior at Florida Atlantic University. For the past 6 months, I've been writing out a game plan for starting my RE investing career. Currently, I'm in the education process but I feel that I am ready to move onto the next step. I'm interning with a commercial real estate investment firm and the owner has become my mentor, I've read tons of books, watched tons of videos, listen to BiggerPockets podcasts, etc. so I feel that I am ready to start seriously looking for my first deal. I have 55k saved up and found a partner who will help me pay all cash on my first 3-4 unit multifamily property. I've also been working on building my network, which I've found to be a lot easier said than done when you have no RE investment experience under your belt. So far, I have a mortgage broker that I have built a healthy relationship with and he plans to help me by also referring me to contractors, agents, etc. Does anyone have any tips for me when it comes to starting out in such an expensive market (Palm Beach County and Broward County)? My current plan is to use the BRRRR method so if anyone is currently using the same method or plans to use it please feel free to share your experience! Also, as I previously stated I'm working on building my network so let's connect!

Best Regards,

Dillon

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  • Jon HuberPro Member
    Rental Property Investor 路 Boca Raton, FL 路 Member since 2014 路 1k+ posts 路 713 votes
    5y

    @Dillon Hamman welcome to the group. I am based out of Boca as well. You should come to our coffee meetup in Delray the second Saturday of the month. Free to show up and free to learn. Let me know if you want more info.

  • Rental Property Investor 路 West Palm Beach FL 路 Member since 2019 路 24 posts 路 17 votes
    5y

    @Dillon Hamman Hi Dillion. Great to see someone young and focused. I recently moved to Boca from NY. I'm also building a team here in Florida. My team in NY helps me manage out Airbnb there. Let's connect and talk strategy. Best wishes 馃榿馃摽

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