My name is Tracey. I am a newby investor and currently have no properties, however, I am building my team to start investing in Florida RE. After conducting local area research, I have identified two specific investing options in which I would like to focus- Lease to Own buyers and pre-foreclosure properties.
I am posting here to connect with anyone currently investing in Florida RE and see if there are any area meet ups or BP groups. I was totally inspired to "just do it and make 2018 the year" after listening to Brandon and David's podcast tonight "Six Months Left: How to Crush It on Your Real Estate Goals the Rest of 2018! ".
I look forward to networking here in Bigger Pockets and good luck in meeting your 2018 goals!!
Hey @Tracey Murphy , welcome to BP!
Jacksonville is a great market to invest in. There are lot's of folks on here investing in Florida, if you use the network tab at the top of the page, you can see whose nearby and if there are any events coming up.
I'd recommend visiting your local Real Estate Investors Association as well.
I wish you all the best in your investing journey!
Thank you for the well wishes. I am interested in networking with some seasoned investors regarding two specific strategies - Lease to Own and Pre Foreclosure properties.
Lease to own I like for positive cash flow due to the recurring monthly revenue throughout the tenure of the lease. However, in case of default, I keep the escrow money on top of the monthly income already collected. Additionally, I am banking on the LTO tenant to be a more invested, responsible tenant that will take care of the property because I really do not want to be a typical rental property "hands on landlord". Also, I think offering people an opportunity to secure their purchase price at the beginning of the contract while assuring that some of the rent money is going towards their down payment are sweet selling points!
Pre foreclosure owners, I have found, fall into two main categories - they either want to stay in the home but need a bailout or they will short sell to avoid foreclosure on their credit. I am skilled at identifying these properties and developed a sound means of keeping this funnel overflowing. Targeting the LTO buyers is proving a little more tricky, but I am confident I can find the right teammates to make this work.
I am excited to be part of this community and thanks again!
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