Newbie in the Miami - Fort Lauderdale area

Newbie in the Miami - Fort Lauderdale area

Real Estate Investor · Sunrise, FL · Member since 2014 · 10 posts · 3 votes

Hello, My name is Ryan.  I am originally from the Midwest, but now live in the Miami - Fort Lauderdale area.

I am here to gain knowledge, and meet people.

I'm looking at buying single or multi-family real estate to hold and rent long term. 

Since I was a teenager, I have wanted to get into Real Estate investing.  My parents seemed very confused, when at the age of 15 I would bring books home from the library on the subject.  Finally now I am financially able to pursue that ambition.

I've worked in roofing, siding, building, locksmithing, had a contractors license, have a degree in engineering, and currently work in aviation.

I have already read a ton of threads on this forum, and I am looking forward to learning more from all of you.

Anyone in the area, or who knows this market, please feel free to contact me.

Thanks!

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Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
12y

@Ryan K. 

Welcome. Fill in the foundation below.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

To find out about an area go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why. Ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

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  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Ryan K. 

    Welcome. Fill in the foundation below.

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    To find out about an area go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why. Ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good Luck

    Paul

  • Residential Real Estate Broker · Dania, FL · Member since 2013 · 148 posts · 34 votes
    12y

    Welcome to BP @Ryan K. ! Tons of great info on here and be sure to check out the member blogs and podcasts. I'm a local investor here in Fort Lauderdale area as well so feel free to reach out to me if any questions!

    Good luck & Happy Investing!

  • Real Estate Investor · Sunrise, FL · Member since 2014 · 10 posts · 3 votes
    12y
  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    Welcome to BP community @Ryan K.  It is a great place to meet new friends and learn about various aspects of real estate and more. 

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

    Wishing you the best! 

  • Real Estate Investor · Sunrise, FL · Member since 2014 · 10 posts · 3 votes
    12y
  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Ryan K. welcome to BiggerPockets! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.

    You may also enjoy this post, about multifamily properties: How to Buy a Small MultiFamily Property: A Step by Step Case Study

    Oh - and don't forget to set up your Keyword Alerts!

    See you around the site!

  • Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
    12y

    Welcome to BP @Ryan K. !  Fort Lauderdale seems like an excellent market!

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @Ryan K. welcome to the site! Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

    BiggerPockets
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