Hi guys! This is my first post on BP, really excited to join and meet many of you.
I'm starting to look for multi-family rental properties in Miami-Dade and would like to build a relationship with a serious local Broker or Realtor with expertise in these type of properties - hopefully someone with previous experience and deep knowledge of the market. I've met and have been talking to different realtors (family friends, etc) but haven't really found one with expertise in these type of properties. If there's anyone you'd like to suggest, please let me know or PM me, I'd greatly appreciate it. Not sure if working with a wholesaler could be a smart option, but open to that as well.
Financing tip: For those of you thinking about investing locally in income producing properties and working with a local bank/lender, I've done a good amount of research (talked to over 30 local and national institutions over the phone and in person) and from my "research", Grove Bank, Capital Bank, Intercontinental Bank, Apollo Bank, City National Bank and Biscayne Bank seem to be really good options - all of these are portfolio lenders (not backed by the gov't), provide a variety of options depending on your needs & goals, respond quickly, are willing to negotiate, and allow you to buy under an LLC in most cases. Just call and ask to speak with a loan officer.
We are glad you're here @Alejandro Duque ! I am glad that you understand the importance of sifting through brokers to find ones that actually know the investing side of the industry. I am working on building out a network of investor friendly agents in the U.S. but unfortunately I do not have any in Miami at the moment. I will definitely be following this feed and hopefully you do get a couple referrals!
Hello. You could try Victoria Cooney at http://www.home4myboat.com
That website says she specializes in waterfront properties but she does it all. Very investor friendly.
Thanks for the note, @Jacob Wathen and that's a great idea, definitely something I couldn't easily find. Feel free to reach out to them directly and if you need the specific names of the loan officers I've talked to, just let me know!
Many thanks, @Robert Beryl ! Really appreciate it, I'll reach out to Victoria later today.
I am local and will be reaching out to these banks in our area soon. I appreciate the tip.
Hey @Robert Beryl , just wanted to say thanks again for recommending Victoria. I reached out to her, we met last week for over 2 hours and it looks like I'll be working with her moving forward. Many thanks again!
@Alejandro Duque Any time! Best of luck!
@Alejandro Duque thanks so much for the bank recommendations! I’m closing on my first deal and it’s great to have a few leads for financing partners going forward. Best of luck!!
@Jason Brown awesome man! Great to hear that it's helpful and same to you - best of luck closing and hope you find a financing partner soon.
Thanks for the lender recommendations!
hi alejandro and welcome. Thanks for the lender reccomendations. If you could pm me the contacts you had at those banks, i would really appreciate it.
@Alejandro Duque Thank you for the lender contacts! Always helps to have more than a handful. Hope your property search is going well. I am happy advice on any questions and or suggestions. Cheers!
@Alejandro duque hey thanks for that list of lenders. Could you PM me good contacts too. I am trying to break away from from my current career and spread into real estate investing too.
Hey! I'm that person Alejandro :-)
I have been specializing in Multi-families for years now and help investors buy & sell all over Florida. I also just listed a 4-plex in Miami Beach this weekend!
Let me know if you'd like to connect. I just sent you a PM...