Hi BP community!
My name is Alain, I'm starting my journey as a RE Investor and this community will be super helpful!
I just sold this week a rental townhouse and with the proceeds I'm buying 3 more rentals!
I'm located in Miami, but the market here is not good for investment now, too expensive; so I'm buying in Jacksonville, FL!
I'm interested in buy more rentals for passive income but I really want to do a rehab and flip this year, so I'll be asking for your help on building the best team possible!
@Alain Labrada welcome to BP. It sounds like you've go a pretty good start on your investing journey.
Thanks @Ned Carey ,
Yes, I'm lucky that we bough in 2010 when the market was down and Miami have been appreciating like crazy.
@Alain Labrada that’s great!! Sounds like you’re on to a great start. Just curious, did you happen to 1031 into the 3 rentals or no?
Hi @Kevin Kwiatek ,
I'm still on that process. We closed the sell few days ago. Already have the 3 new properties and we are supposed to close in about 30 days.
That’s great! Best of luck to you
Welcome to BP @Alain Labrada - sounds like you’re off to a great start!
If you’re interested in the Tampa / St. Pete area reach out to @Katherine Blazer . She can find you properties that could be flips or buy & hold BRRRR. There are a lot of great opportunities there that come up every week.
Jacksonville is nice too. When my Dad was in the Navy I lived up there & in Orange Park for about eight years. Good luck!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you