Hello from an amateur investor in Miami!

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Hello from an amateur investor in Miami!

Raul Guerrero
Wynwood · Member since 2018 · 12 posts · 3 votes

Hi everyone! Newbie to real estate wealth building here...

I recently moved to Miami from Madrid (where I got my Masters in Market Research). I'm working as an Insights Strategist during the day, putting in a few hours of marketing consulting work on the side during the week, and studying up on real estate investing on the weekends (and whatever time I have left over during the week).

Having worked in the finance industry for the last couple years, I became increasingly aware of different types of investing vehicles, but never really considered real estate investing until I moved to Miami this last July. I thought it was pretty awesome that my landlord lives in Brazil, works a full-time job, and has a steady monthly cash flow from his rental units - that led me to discover BiggerPockets!

I still have my due diligence cut out for me, but I'm considering investing in a rental property in Miami. That being the case, I'll be spending a bit of time on here to see what wisdom I can pick up. Looking forward to the real estate discussions!

Cheers,

Raul

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Gabriel Amedee
Investor · Miami, FL · Member since 2015 · 379 posts · 330 votes
8y
Hey Raul Guerrero Welcome to BP! You should definitely come by one of the little Havana meet ups and soak up the insight many of the community members have to share. Feel free to reach out if you cannot find the thread Happy investing !
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  • Amanda G.
    Rental Property Investor · Augusta, GA · Member since 2017 · 825 posts · 278 votes
    8y

    Welcome, Raul! Gossip says that Florida is a hot market. Good luck!

    0Reply
  • Raul Guerrero
    OP
    Wynwood · Member since 2018 · 12 posts · 3 votes
    8y

    Thanks @Amanda G. ! I'm also considering investing in long-distance rental properties, but haven't really had the chance to study the markets in-depth. I'll keep the BP community updated on my findings as this comes along :)

    0Reply
  • Gabriel Amedee
    Investor · Miami, FL · Member since 2015 · 379 posts · 330 votes
    8y
    Hey Raul Guerrero Welcome to BP! You should definitely come by one of the little Havana meet ups and soak up the insight many of the community members have to share. Feel free to reach out if you cannot find the thread Happy investing !
    1Reply
  • Raul Guerrero
    OP
    Wynwood · Member since 2018 · 12 posts · 3 votes
    8y

    Hey @Gabriel Amedee - thx for the warm welcome!
    I was actually going to attend the last little Havana networking event a few weeks back but unfortunately, work kept me in the office until late that evening. I'm definitely keeping tabs on future Miami events though!

    If you could share the thread, that'd be great!
    Is there another meet up on the works? I normally search via the Events page, but would be great to hop on the thread if there is one.

    Cheers,
    Raul

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  • Christina J.
    Rental Property Investor · Chattanooga, TN · Member since 2015 · 208 posts · 94 votes
    8y

    Welcome, @Raul Guerrero! So glad you found Bigger Pockets - I've seen quite a few recent posts from new members either stationed in Europe or recently transitioned from Europe to the US...

    If you haven't already - be sure to plug into the Bigger Pockets podcast. It's a huge source of education and inspiration.

    Also, I would recommend finding a real estate agent that you trust, and begin talking to lenders (banks, mortgage brokers, credit unions, etc.) I'm not sure what your financing strategy is for your early phases, but it will save you time and money in the long run if you're familiar with all your options now. And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal, especially early in your process. Once you find the right fit, it's best to stay with that relationship, but when you're getting started, recommend putting in some legwork to find the best option.

    Best of luck to you and I look forward to following your journey!

    @Raul Guerrero

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  • Raul Guerrero
    OP
    Wynwood · Member since 2018 · 12 posts · 3 votes
    8y

    Hi @Christina J. ! Thanks for the welcome and the suggestions. Much appreciated :)

    The BP podcast was actually the first REI podcast I came across right after the real estate bug bit me - which is how I ended up in the forums! Unbelievably valuable content and can't praise BP enough for that.

    I'm currently about two months into my due diligence and have been meeting with real estate agents & mortgage brokers/loan providers concerning the REI process. I think I should be going through the pre-approval process within the next week or so in order to have a better idea as to what my financing situation'll potentially look like. Can't wait! Exciting stuff! Will be sure to keep the BP community posted.

    Onward & upward

    - Raul

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  • Remy Marin
    Real Estate Agent · Atlanta, GA · Member since 2016 · 3 posts · 1 vote
    8y

    Hey @Raul Guerrero! 

    Always love seeing the BP community growing, it's a great place for all kinds of learning and networking—especially if you're looking for other investors or agents. Don't forget to look up networking events here in Miami, there's a ton of events all throughout the city.

    Looking forward to seeing how it goes on your investing journey!

    Cheers,

    Remy

    0Reply
  • George Blower
    Retirement Accounts Attorney · Southfield, MI · Member since 2017 · 3k+ posts · 1k+ votes
    8y

    @Raul Guerrero

    Welcome to Bigger Pockets.

    0Reply
  • Raul Guerrero
    OP
    Wynwood · Member since 2018 · 12 posts · 3 votes
    8y

    Thanks @George Blower!

    0Reply
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