Broward county FL

[Javi Chipi]

Seems like a lot of the deal math does not make sense in Broward county FL. For instance there are many homes selling for 300k but only renting for 2300 (fails 1% test). I hear the podcasts saying to do direct mail and look for motivated sellers. Just curious what other people's experiences have been in this market or a similar market and whether anyone has had more luck with auctions in So Fla. Thanks

[Lucas Machado]

@Javi Chipi the "tests"/"rules" you are referring to are ok rules of thumb / a good place for newbies to start thinking about the business, but every investor has to decide for themselves their own criteria, and do more rigorous math to see if a deal fits their criteria. It may not make sense to you, but if it makes sense to the owner/buyer that's all that really matters. If you are having trouble finding deals that fit your criteria, that's because there are lots of people out there investing with less stringent criteria. Your choice is to either change your criteria, or just keep pushing to find deals that meet your existing criteria.