Real Estate Investors in South Florida

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Real Estate Investors in South Florida

Justin Elliott
Investor · Miami, FL · Member since 2020 · 10 posts · 3 votes

Hey, Bigger Pockets Fam! 

My name is Justin, originally from Philly but I have lived in South Florida for the past 26 years so I am basically from Miami lol. New to real estate investing but after the birth of my son, I realized that I needed to build a future for him that my current job as a DJ could not provide. Although traveling the world playing music is fun, it doesn't come with a 401k. 

Since COVID hit and my entire summer tour schedule has been canceled I decided that now was the right time to dive in head 1st and figure this real estate game out. Thankfully I found Bigger Pockets and Brandon has become my Mr.Miyagi for Real Estate Investing. My goal was to start out Wholesaling to raise capital, learn the market in south Florida, and gain some experience. But somehow I landed myself with one buy and hold and one fix and flip less than a month. I must say that things have been pretty interesting so far and that the best experience is getting out and getting started. 

Looking forward to networking with you guys and hearing your stories. South Florida is a great place to be and now I can say I actually own a few pieces of it. I am doing Real Estate full time now and hope to connect with as many awesome people as possible along this journey. 

Let's get it started! 

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Adam Poshka
Realtor · Tampa Bay · Member since 2019 · 68 posts · 35 votes
6y

Congrats, on your first step! One of the podcast has a guests that says he buys a property for each child he has and does a 15 yr loan on it. He then plans on giving it to them @ 18 when they can decide to sell it for college funds/ keep it and cash flow. I love the idea and plan on doing this myself!  Keep gaining knowledge and asking questions!  

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  • Michael Kammer
    New to Real Estate · Tampa Bay Area, FL · Member since 2019 · 12 posts · 2 votes
    6y

    @Justin Elliott

    Hey Justin! Congrats man on the first two places you got into! I’m just getting my toes in the water myself. I’m in the Tampa area. Haven’t bought anything yet but would love to trade stories or connect and here about your experiences so far!

    Mike

    0Reply
  • Adam Poshka
    Realtor · Tampa Bay · Member since 2019 · 68 posts · 35 votes
    6y

    Congrats, on your first step! One of the podcast has a guests that says he buys a property for each child he has and does a 15 yr loan on it. He then plans on giving it to them @ 18 when they can decide to sell it for college funds/ keep it and cash flow. I love the idea and plan on doing this myself!  Keep gaining knowledge and asking questions!  

    2Reply
  • Justin Elliott
    OP
    Investor · Miami, FL · Member since 2020 · 10 posts · 3 votes
    6y
    Yeah, Brandon said he does the same thing as well. I think it is a great idea, they will be set for college or to start a business if they want. Also, it can be used to teach them about real estate, which is the plan I have with my son.

    Originally posted by @Adam Poshka:

    Congrats, on your first step! One of the podcast has a guests that says he buys a property for each child he has and does a 15 yr loan on it. He then plans on giving it to them @ 18 when they can decide to sell it for college funds/ keep it and cash flow. I love the idea and plan on doing this myself!  Keep gaining knowledge and asking questions!  

    0Reply
  • Nick Peters
    Specialist · New York City, NY · Member since 2019 · 400 posts · 168 votes
    6y

    @Justin Elliott

    Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

    1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

    2. Then check out other online guides available here: https://www.biggerpockets.com/guides

    3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

    4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

    5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

    6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

    Please let me know if I can help, and best of luck!

    0Reply
  • Rebecca G.
    Real Estate Agent · Dayton OH (dayton, oh) · Member since 2016 · 194 posts · 123 votes
    6y

    Justin Congrats on your first deals, the hardest part is over. Or just starting.... Ive never been able to remember which side they said was most difficult. Everyday is fun and exciting and jumping in is the biggest hurdle for most!

    0Reply
  • Daniel Sherman
    Rental Property Investor · Tampa, FL · Member since 2019 · 38 posts · 11 votes
    6y

    @Justin Elliott

    Great job getting to where you are so fast. We bought our fix-and-flip about a year ago and are on contract for our first duplex rental, ready to close in a few weeks. It’s exciting and a bit nerve wracking at the same time, but when things make sense, they make sense. If you’re looking up our way any time, let us know. We are building great connections and are always happy to share.

    Dan

    0Reply
  • Justin Suarez
    Real Estate Agent · Greater Tampa Bay · Member since 2020 · 2 posts · 0 votes
    6y

    @Justin Elliott

    Welcome to the market! You chose a great area to get into, it's great down here (in the Tampa / St. Pete area at least ), and this is definitely an interesting thing to get into, so the more questions you ask the better!

    I know you said Brandon is your area, but I'd love to connect and talk if you're interested in swapping stories between your experiences in Brandon and my experiences in Tampa!

    0Reply
  • Justin Elliott
    OP
    Investor · Miami, FL · Member since 2020 · 10 posts · 3 votes
    6y
    Thank you for the links, these will come in handy!  

    Originally posted by @Nick Peters:

    @Justin Elliott

    Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

    1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

    2. Then check out other online guides available here: https://www.biggerpockets.com/guides

    3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

    4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

    5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

    6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

    Please let me know if I can help, and best of luck!

    0Reply
  • Justin Elliott
    OP
    Investor · Miami, FL · Member since 2020 · 10 posts · 3 votes
    6y
    Thank you Thank you! It has been fun so far, now the real work begins! 

    Originally posted by @Rebecca G.:

    Justin Congrats on your first deals, the hardest part is over. Or just starting.... Ive never been able to remember which side they said was most difficult. Everyday is fun and exciting and jumping in is the biggest hurdle for most!

    0Reply
  • Justin Elliott
    OP
    Investor · Miami, FL · Member since 2020 · 10 posts · 3 votes
    6y

    Hey Danny that is awesome! Congrats and I hope everything goes smoothly on the duplex. My 1st one is actually a duplex as well. I think that is the way to go when building a portfolio. I plan on focusing on Mulit-family for my buy and holds. Tampa is only a short way from Miami and I have a friend that sends me investment properties up that way often so I might find my way up there soon! We will defiantly keep the link and be in touch.




    Originally posted by @Daniel Sherman:

    @Justin Elliott

    Great job getting to where you are so fast. We bought our fix-and-flip about a year ago and are on contract for our first duplex rental, ready to close in a few weeks. It’s exciting and a bit nerve wracking at the same time, but when things make sense, they make sense. If you’re looking up our way any time, let us know. We are building great connections and are always happy to share.

    Dan

    0Reply
  • Justin Elliott
    OP
    Investor · Miami, FL · Member since 2020 · 10 posts · 3 votes
    6y

    I like you already, we have the same name so you must be a great guy, never met another Justin I didn't like! I am actually down in South Florida, Miami to be exact. I will mostly be focusing on Miami, Fort Lauderdale, and West Palm. But Central Florida is a hop skip away, so we will connect, would love to find out more about the Tampa Area. Been there a few times and it seems like a great place to invest.




    Originally posted by @Justin Suarez:

    @Justin Elliott

    Welcome to the market! You chose a great area to get into, it's great down here (in the Tampa / St. Pete area at least ), and this is definitely an interesting thing to get into, so the more questions you ask the better!

    I know you said Brandon is your area, but I'd love to connect and talk if you're interested in swapping stories between your experiences in Brandon and my experiences in Tampa!

    0Reply
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