New Investor from Coral Springs, FL (South Florida)

New Member Introductions
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New Investor from Coral Springs, FL (South Florida)

Matt Carling
Charlotte, NC · Member since 2014 · 2 posts · 1 vote

Hi All,

After moving from Connecticut to South Florida two years ago, my wife and I are ready to build our real estate portfolio, starting with owner-occupying a duplex in our market (Coral Springs/Greater Ft. Lauderdale). 

Our long term goal is to add incrementally larger properties to our portfolio, up to the point where we have several larger (50+ unit) properties.

I found BP about 5 years ago, and recently started listening to the pod casts after hearing about them from my mentor. They are now a part of my morning commute, and I highly recommend tuning in if you haven't already.

Looking forward to contributing to the site. Would love to connect with other investors in the South Florida market to learn/swap stories.

Cheers,

Matt

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  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    Welcome to BP community @Matt Carling  It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best! 

    0Reply
  • Matt Carling
    OP
    Charlotte, NC · Member since 2014 · 2 posts · 1 vote
    12y

    Thanks, @Dmitriy Fomichenko!

    0Reply
  • Lydia Ford
    Realtor/Investor · Ft. Lauderdale, FL · Member since 2014 · 74 posts · 21 votes
    12y

    Hi @Matt Carling welcome to BP!!! I live very close to Coral Springs as well stay plugged in to BP its a great source of help and info! 

    Best~

    Lydia

    0Reply
  • Raymond B.
    FL · Member since 2009 · 2k+ posts · 357 votes
    12y

    @Matt Carling,

    To make the @ work, do the following:
    Hold down the shift key and type @?
    Look below this Window, and you will see a list of names of people that have posted in this thread.
    Click on the name of the person that you want notified via an email, that you responded to them.
    If you are a Colleague with anyone that has NOT posted in the thread, and you want them to see your post, hold down the shift key, type the @ and the first 4 letters of their First or Last Name.
    Then look below this Window and click on that person's name.
    Raymond



    0Reply
  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Matt Carling welcome to BP! I'm glad you're enjoying the podcast. You should definitely start jumping right in the forums! Also, if you haven't yet, try to setup some "Keyword Alerts." It's great for getting into local conversations.

    See you around the site!

    Podcast Guest on Show #92
    0Reply
  • Alan Abdin
    Pompano Beach, FL · Member since 2014 · 3 posts · 0 votes
    11y

    hey @matt carling 

    Have you bought your first duplex? How did it go?

    I'm in a similar situation in Coral Springs and am having trouble gauging the value of duplexes here. Any info is welcome. 

    Thanks!

    0Reply
  • Michael H.
    Fort Lauderdale, FL · Member since 2013 · 7 posts · 0 votes
    11y

    @Alan Abdin 

    Hey what's up Alan, I live in south Florida too and I'm also in the market for a duplex as a owner occ. As you've indicated the problem down here seems to be valuation. Most of the duplex/Multifamily that are currently on the market down here are priced far above market value! Seems the only solution is door knocking, contacting owners directly and inquiring or (pre)foreclosures to find the motivated sellers. As I look at sales history here in Broward for duplex's, most deals seemed to have come from the county foreclosure auction which are generally all cash deals bought by individuals/companies. In 2011 South Florida was a gold mine for Multifamily properties I've seen them sale for 60k-100k, Some of those same properties are listed for 180-220k+ !! Leads me to believe the area is now over saturated with investors and multi's may no longer be the best option for value. Deals can still be had in Dade/Palm Beach on Multi's but obviously Broward is the most desirable for most. Not to say that deals can't still be had but it will take some very HARD work to find duplex's in good decent areas here in Broward now.... just my 2C

    0Reply
  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    11y

    Hey @Matt Carling welcome to the site!

    BiggerPockets
    0Reply
  • Raymond B.
    FL · Member since 2009 · 2k+ posts · 357 votes
    11y

    @Michael H.,

    To Make the @ work do the following:

    Hold down the shift key and type the following: @?

    Look below this Window, and you will see a list of list of names of people who have posted in this thread.

    Click on the name of the person that you want notified via an email that you responded to them.

    If you are a Colleague with anyone that has not posted in this thread, and you want them to see your post, hold down the shift key, and type the @ and the first 4 letters of the first or last name.

    Look below this Window, and click on your Colleague's name.

    They will be notified via an email about your post in this thread.

    Raymond

    0Reply
  • Carlos Coppin Jr
    Wholesaler · Plantation, FL · Member since 2014 · 194 posts · 121 votes
    11y

    Hello @Matt Carling Good Morning Matt. I saw you posted that you are an investor here in Broward County. Are you looking for any properties currently. As I have a town house in pompano beach that I am trying to sell to any investors interested. I'm showing the property on Saturday if you would like more details. All i need is your email address.

    Regards,

    Carlos

    0Reply
  • Isabella Lee
    enterpreneur · Bangkok, Krung Thep Maha Nakhon · Member since 2015 · 9 posts · 0 votes
    11y

    Hi @Matt Carling

    Do you invest in a property overseas?

    Pls advise

    Because I have a good portfolio for investments

    Thx

    Isabelle

    0Reply
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