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Real Estate Deal Analysis & Advice

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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
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477
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$2.5 million in deals done in 3 years

Elenis Camargo
  • Property Manager
  • Jacksonville, FL
Posted Mar 22 2021, 06:20

Every year I write an update of how the last year of investing went. We started our investing journey from out of state in February 2018 while living in NYC. In year one, I wrote about how we purchased 3 rentals from out of state in one year, and in year two I wrote about how we did a total of $1.3 million in deals in two years. So how did we go from $1.3 million to $2.5 million in just one more year?

There are many ways to make money in real estate. You can invest in your own rentals, become an agent and make a sales commission, become a property manager, manage rehabs, or wholesale properties. We first started by acquiring our own rentals and then self-managing from long distance. Shortly after we realized real estate was our passion we wanted to turn our passion into a full time business. Yes, everyone’s dream lately is to have enough rentals to live off the monthly rental income, but that is a dream that takes a significant amount of time and a generious amount of money to reach. Since we loved real estate so much, why not find other ways to do it full time? I first got my license in the summer of 2019 while I was pregnant with our first baby, and focused on helping other out of state investors achieve their dreams. Previously when I would start a business I focused on how to make it work. This time I focused on helping others. Real estate is such a passion of mine that I spent countless hours replying to messages on BiggerPockets, answering text messages, emails, and hours and hours on phone calls with newbie investors. I didn’t have a goal of selling them a property. Most of the time it was for networking, offering advice and learning about what other people are focusing on in real estate investing. Last year’s article that recapped my year two, I spoke about already helping two investors from out of state and even one from out of the county. That article was featured on the BiggerPockets newsletter as a success story, which led to literally hundreds of messages and many new acquaintances.  Our passion led us to move from NYC to Jacksonville, Florida to build this business full time. 

My husband and I have several goals that we are working hard to achieve this year that will allow us to help even more investors reach their goals! 

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Joshua Adlam
  • Property Manager
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108
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Joshua Adlam
  • Property Manager
Replied Mar 22 2021, 08:06

Wow great read, this post was very informative and inspiring. So happy to see your success!

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Kyle McGrath
  • Jacksonville, FL
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20
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Kyle McGrath
  • Jacksonville, FL
Replied Mar 22 2021, 13:06

@Elenis Camargo

Wow! Thank you for sharing this. I am located in Jacksonville as well, love this city! Very inspiring story and I appreciate you showing other ways to earn money in Real Estate outside of acquiring assets.

I have a question: I am going to be partnering with a Property Management company to start managing properties here locally. Would you recommend that I get a realtor’s license to help facilitate the acquisition of properties for the business, for myself down the road, and for family/friends that may be interested?

Thank you for this post!

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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
446
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477
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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
Replied Mar 23 2021, 04:29

@Joshua Adlam Thanks so much for reading!

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477
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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
446
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477
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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
Replied Mar 23 2021, 04:30

@Kyle McGrath Super cool! We just moved here last summer. Love it so far too!

If you’re looking to be a PM then yes I do recommend getting your license, that way you won’t be held back with what activities you can perform for the company. Lmk if you have any questions on that. Happy to meet up one day too :)

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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,622
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2,189
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied Mar 23 2021, 04:34

Thanks for sharing your story, successes, and resilience! I’m happy you made the leap to move down south to grow the investing community down there. 

Congrats on your continued success! 

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Chad Rocke
Pro Member
  • Real Estate Agent
  • Denver, CO
169
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329
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Chad Rocke
Pro Member
  • Real Estate Agent
  • Denver, CO
Replied Mar 25 2021, 08:47

Hey @Elenis Camargo - awesome job. That is inspiring. Keep it up!

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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
446
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477
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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
Replied Mar 26 2021, 07:48

@Joshua Adlam Not at the moment, but we are looking to expand beyond Jacksonville. Do you do any business in those areas?

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108
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Joshua Adlam
  • Property Manager
67
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108
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Joshua Adlam
  • Property Manager
Replied Mar 26 2021, 15:58
Originally posted by @Elenis Camargo:

@Joshua Adlam Not at the moment, but we are looking to expand beyond Jacksonville. Do you do any business in those areas?

Yes we do, we currently by value add apartment complexes and single family homes and manage them. In the future we'd love to dive into the Jacksonville Market