Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

16
Posts
19
Votes
Carlos Diaz
  • Real Estate Investor
  • Miami, FL
19
Votes |
16
Posts

Frustrated RE Investor in South Florida - new to BiggerPockets

Carlos Diaz
  • Real Estate Investor
  • Miami, FL
Posted

Hello!

I am so happy I found this website! I have been involved with real estate for the last two years, but I decided to start a real estate investing business over the last five months or so. I have set some solid goals and expectations for myself and everything has been going as planned. Two weeks ago I had, what I thought were, two excellent deals under contract. They were two homes that each needed light rehab in a great neighborhood, and the sellers were both very motivated. One of the sellers was moving to Minnesota and could not afford to keep the house, and the other homeowner had a medical emergency and needed to sell. I secured both deals under contract and everything was going well but I could not find any buyers! I think the price point was fine each contract price was about 30% of ARV. Worst part is I think the deals were vultured from me and someone else acquired them and is getting all the benefits!

Does anyone know have any recommendations or suggestions on how I can build a buyers list? Where should I go? Who should I talk to? 

Also, does anyone know any closing agents/ RE attorneys in South Florida that handle double closings, or simultaneous closings?

Finally, I am new to this bigger pockets website and I am not sure how this all works. I am looking to build my network.

Thanks,

Most Popular Reply

User Stats

23,418
Posts
13,510
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,510
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Carlos Diaz I'm guessing you meant 30% Off ARV, not of ARV. depending on the amount of rehab, they may or may not be good at that price. Independence Title in Fort Luderdale does a lot of investor closings, including double closings, but not Dry closings.....you'll need money or transactional funding for the AtoB closing. Can't help you in Miami, I work mostly PB county, Broward a little.

Loading replies...