Newbie from West Palm Beach Florida
Good morning everyone! My name is Robert and I'm currently a Sales Manager with AutoNation. I was active duty Air Force for ~7.5 years and Reserves for 3 years. I've learned a lot through all of my experiences, but have always wanted to have more freedom. I initially moved back home to be close to my grandparents and to begin my next career as a realtor. Savings started dwindling down and I got nervous and bailed to get some money coming in for my family.
Fast forward to now! I've done the American dream of upgrading everything as more money comes in and live paycheck to paycheck like many. I'm OUT! I'm motivated and obsessed on becoming financially free through real estate and having more time for my family. I listen to podcasts everyday, getting new books, lurking here on BP and scouring any site I can for more information. After last nights webinar, I've decided to make it a goal to buy my first investment property in the next 90 days. Wish me luck!!
Most Popular Reply
I don't want to discourage you but it will be very tough to find any BRRRR deals that pencil out in any decent area of Palm Beach County. I'm actively looking every day for quite a while now and so are many other local investors that I talk to and nobody is finding deals that make sense. Price to rent ratios just don't allow for BRRRR to be effective in this market. You are better off flipping and even those deals are hard to come by at this point of the market cycle especially here locally where it's flooded with capital and competition. Don't rush to buy something in 90 days or you will likely make a mistake. I've been looking for longer than that already myself. Again I don't mean to discourage you I just want you to set realistic expectations. Good luck on the hunt!