All Forum Posts by: Alci Martinez

Investment Info:

Single-family residence fix & flip investment in Lehigh Acres.

Cash invested: $210,000
Sale price: $370,000

Closed! Lot & Land in Lehigh Acres, FL. Size 0.285 acres, convenient location on a corner lot. Close to mayor highways and airport. Vacant residential, SFR 3/2 with a Den, approximately 1,900 sqft coming in 2022!

 Hello Cristian, 

I am an out of state investor as well. I am currently investing in Miami and in the west coast of FL. Having a management team that you can trust is key, you can find deals but I suggest you get a realtor that has been doing business in the area you're looking to invest, and have him send you the deals. if you're willing to be more aggressive with your offers I suggest you have them send you off market deals, although those are really hard to get in todays market. Finally if you want something close to the water try looking in Fort Myers, area is booming now. I am currently building a SFR 20min from Fort Myers (Lehigh Acres) to rent it out.

Hope this helps. 

Investment Info:

Condo other investment.

Purchase price: $118,000
Cash invested: $42,000

Suite offer 705 square feet of living and dining space. Suite comes equipped with stainless steel appliances. Suite feature oversized bathrooms including a jetted tub and walk-in rain showe with grab bars.The sleeping area features a King Size bed Outlets/switches/thermostat at wheelchair reach, FA strobe/horn devices, Wheelchair accessible door peepholesA pullout sleeper sofa in the living room ensures that this suite can comfortably accommodate up to four guests.

What made you interested in investing in this type of deal?

I am looking to diversify my portfolio and this short term rental property seemed like the perfect fit.

How did you find this deal and how did you negotiate it?

It was an off market deal.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Jacog Advisors, located in Doral, FL

Investment Info:

Condo other investment.

Purchase price: $118,000
Cash invested: $42,000

Our Suite offer 705 square feet of living and dining space. •Golf View suite comes equipped with ADA Accessible kitchenettes equipped with stainless steel appliances. •Suite feature oversized ADA Accessible bathrooms including a jetted tub and walk-in rain showe with grab bars. • Comfortable yet contemporary decor blends custom Italian designs in a palette of taupe, cappuccino and azure. • The sleeping area features a King Size bed and set off from the main living area by a chic bamboo curtain. • Outlets/switches/thermostat at wheelchair reach, FA strobe/horn devices, Wheelchair accessible door peepholes • A pullout sleeper sofa in the living room ensures that this suite can comfortably accommodate up to four guests. Just 20 min. West of downtown Miami and a mile Northwest of Miami International Airport, nestled into the grown surrounding the renowned golf courses of Doral.

What made you interested in investing in this type of deal?

I am looking to diversify my portfolio and this short term rental property seemed like the perfect fit.

How did you find this deal and how did you negotiate it?

It was an off market deal.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Jacog Advisors, located in Doral, FL

Hello, I wanted to post this here and try to reach as many people as possible. For those who don’t personally know me I’ve have been working none stop since I am 18yrs old. Worked in different industries from customer service to IT, and from financials services to pharmaceutical sales, I’ve done it all, from making the first contact with a potential customer to the post sales/onboarding, always catering to their needs and always with a sense of responsibility that doesn’t let me sleep until the job is done.

Then 2020 came and I all of a sudden found myself without a job. I’m not going to lie to you, being a husband and a father and knowing you don’t have an income is terrifying. You have some many questions; you start doubting your capacity as a provider and as a human being; what happen? What did I do wrong? What could I have done differently…etc.? Then you realize you can only control so much, I started to craft this dream of mine of being a Real Estate Investor. It took me 14 months, encountered a lot of resistance from every possible place but I was determined. I put on some shades and big headphones and blasted my way to my first investment property, it felt great, I was immediately eager to make this my full-time job. Now two properties in and different partnerships I can say that my horizon looks clear, and I can’t wait to see what awaits me and my family.

Lastly, I want you to read through this and find your inspiration, whether is at your current career or if you are trying to make a change. Remember; once you make up your mind to do something people close to you will always tell you why you shouldn’t do it, when they see you doing it then they want to show you how to, and then once you made it, they’ll ask you to show them the way. My message is simple: trust YOUR process, what works for you might not work for others. LFG!

Investment Info:

Single-family residence other investment.

Closed! Lot & Land in Lehigh Acres, FL. Size 0.285 acres, convenient location on a corner lot. Close to mayor highways and airport. Vacant residential, SFR 3/2 with a Den, approximately 1,900 sqft coming in 2022!

What made you interested in investing in this type of deal?

Diversify my investment strategy and RE portfolio

How did you find this deal and how did you negotiate it?

Trough a contact of mine down in FL

How did you finance this deal?

Personal line of credit

Investment Info:

Condo buy & hold investment in Union City.

Purchase price: $130,000
Cash invested: $38,000

STUDIO NEXT TO NJT LIGHT RAIL SYSTEM. TOTALLY RENOVATED, NEW FLOORS, CERAMIC, NEW BATHROOM, NEW KITCHEN AND CABINETS. CLOSE TO ALL MAYOR TRASPORTATION AND HOUSE OF WORSHIP.

Hi Sarah, congrats on the pre-approval. Have you tried Loan Depot? they are a national company and I believe they don't charge points. Good luck!

Investment Info:

Condo buy & hold investment in Union City.

Purchase price: $157,000
Cash invested: $52,683

Cozy studio located in a bustling part of Union City. Upgraded kitchen with stainless steel appliances. Close to transportation, parks, schools, houses of worship, restaurants, and shopping. 1/2 block away from Bergenline Avenue and Bergenline Ave. Station. Building features storage and coin operated laundry in the basement.

How did you finance this deal?

Conventional Financing

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with Steven Schulman (found him here on BP), Lender is LoanDepot