All Forum Posts by: Andrew Davis

Hey @Teah S., welcome to BP!

@Paul Timmins gives some great advice for getting on the site.

I would also strongly recommend connecting with @Russell Brazil and attending the meetup.  He is very active here on BP and really knows his stuff!

@J Scott's book is excellent!  When you're done, you should read @Brandon Turner's books as well.

I wish you all the best Teah!

Hey @Travis Dane and @Silvio Valdes, welcome to BP and the Florida investing community!

Since you're both new to the site, here are a few tips to help you get the most out of BP and kickstart your investing career: 

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other Tallahassee investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Check out the webinars, they are very informative, and there’s usually a new one every week.

I'm an agent & investor in the Orlando area, so reach out anytime. 

I wish you both all the best!

@Allende Hernandez, good question. Who's coming in with the other 80%? If it's a HML, they're going to be in 1st lien position, and you'll have a harder time finding an equity partner because a 2nd or subordinate lien position is inherently higher risk. If you truly have no money in the deal, then the equity will not only be coming in with 20%, but also paying holding costs: insurance, taxes, utilities, etc...

Hey @Nick Zarrillo, welcome to BP and congratulations on getting started in REI!

@Paul Timmins gives some great advice for getting the most out of the site.

I would submit that the best market to start in is the one you're in.  I started investing in Orlando last year and while I didn't and don't know everything about this market, I know quite a bit more than I do about Memphis, Atlanta, Kansas City, or wherever else. I started by driving (walking) for dollars in the neighborhood that I lived in, and sending out handwritten notes.

As you spend time on the forums, you'll notice that a lot of people are interested in investing here, and PWC recently identified as a very strong real estate investment market in their annual report.

We have relatively low cost of living, relatively cheap housing prices and are slated for strong economic growth.  

In your area, the Sunrail is expanding to connect Kissimmee/Poinciana all the way up to Orlando and beyond: http://corporate.sunrail.com/stations-trains/phase...

Valencia college is opening a new Poinciana campus: http://www.bizjournals.com/orlando/blog/2015/07/va...

And we have solid REIA's with county meetings near you:

http://www.cfri.net/

http://www.goreia.com/

REIA's, in addition to BP, are a great place to learn and connect with experienced investors. I would strongly suggest interning or apprenticing with someone who's success you'd like to emulate.

I wish you all the best Nick!

Hey @Seth Atkinson, welcome to BP, the Florida investing community, and thank you for your service.

Since you're new to the site, here are a few tips to help you get the most out of BP and kickstart your investing career:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other local investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Check out the webinars, they are very informative, and there’s usually a new one every week.

I'm an agent & investor in the Orlando area, so reach out anytime. 

Hey @Markene Mathis, welcome to BP and the Florida investing community!

Since you're new to the site, ere are a few tips to help you get the most out of BP and kickstart your investing career: 

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other local investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Check out the webinars, they are very informative, and there’s usually a new one every week.

I wish you all the best Markene!

Hey @Allende Hernandez, it's not impossible, but to @Account Closed points, may be unrealistic.

Have you considered bringing on an equity partner?  You could offer them 50% of the deal in exchange for funding it. I've been pretty successful with this model, and it allows me to do, in theory, unlimited deals.

Post it in the marketplace here, talk to any other investors you know in Miami, go to your local REIA and present it there. If it's really that good of a deal, you should be able to find a private money partner for it.

Here's an example:

https://www.biggerpockets.com/forums/517/topics/21...

Good luck Allende, keep us updated on your progress.

Hey @Zachary Scott and @Juan Moreno, welcome to BP!

Zachary, I think you're very wise to seek out a mentor.  Sounds like you're doing all the right things!  If you haven't already, I would strongly recommend listening to this podcast:

https://www.biggerpockets.com/renewsblog/2016/03/17/modeling-greatness-matt-aitchison/

Matt gives some really great insight on how to avoid a lot of the pitfalls of investing by learning from successful people.

Since you're both new to the site, here are a few tips to help you get the most out of BP and kickstart your investing career:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other local investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Check out the webinars, they are very informative, and there’s usually a new one every week.

I wish you both the best!

Hey @Janina Wozniak, welcome to BP and the Florida investing community!

Here are a few tips to help you get the most out of BP and kickstart your investing career:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other local investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Check out the webinars, they are very informative, and there’s usually a new one every week.

I'm an agent & investor in the Orlando area, so reach out anytime.

I wish you all the best! 

Hey @Debra Robinson, welcome to BP and the Florida investing community!

@Brandon Turner is actually hosting a webinar on finding profitable properties on Wednesday evening:

https://www.biggerpockets.com/webinar

I'd also strongly recommend @J Scott's book on flipping houses:

http://get.biggerpockets.com/flippingbook/

Since you're new to the site, here are a few tips to help you get the most out of BP and kickstart your investing career:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other local investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Check out the webinars, they are very informative, and there’s usually a new one every week.

I wish you all the best Debra!