All Forum Posts by: Branden Rivero

Really good comments here thanks for all the great info. The issue that i see with miami is the money mostly comes from the top earners. The residents are severly underpaid. This is why you see so many people living in 1 house. 

I think thats an opportunity. Everybody in that house should be paying some rent. For example, instead of 1 rent $2000 for a 3 bed 2 bath. If 4 people live in that house. Each person would pay $600 a month or even consider padsplit. That does weekly rentals. I think for a beginner thats how i started in multifamilies literally with weekly rentals. It can get testy at times but its an excellent learning opportunity and you will always have cashflow, weekly

Hey guys, been lurking on BP for a couple years. My partners and I (3 of us) are based in Miami FL (not the easiest market at the moment) we are all realtors / brokers and investors, each have 20+ years of experience down here, have done multiple ground up single Family and duplex builds and currently have a portfolio of single fam and duplex properties. We want to make the jump to our first true multi fam property 20+ units. Can be local or not... Logically we keep telling ourselves, we have the experience to easily make the transition but mentally there's a big difference when dealing with 100's of thousands of dollars on a single fam / duplex and millions of dollars on a 20+ unit property. We are having a hard time coming to a consensus of how to identify, underwrite, and basically take the jump. ( we don't want to screw it up lol) I've searched this topic on the forums but figured someone could give some insights given our situation. We started looking at coaching programs and some of these things just seem ridiculous at 20-40 grand, and some seem more like life coaching programs as opposed to real estate programs. we don't want to syndicate we really would just like to find someone that we can bounce deals / ideas off of and have them assist in underwriting and giving us a better sense of security that we are doing the right thing. Any thoughts or advice on a program that could work for us?

Hello, I have a home in Miami that someone is willing to sell. Still hasn't hit the market.

It is a 4 Bedroom 2 Bathroom

2,923 sqft2,923 square feet

0.27 acre lot

Please let me know if you would be interested.