All Forum Posts by: Branden Rivero

Hello BP Community,

I've been working hard to find my next fix & flip property here in South Florida, just north of Miami. A saturated and expensive market. 

I've tried working through wholesalers, but the numbers just don't make sense. Nothing below 80%, minus rehab. I tried doing direct mail myself, but the response rate has been very low. D4D didn't return any results.

For those of you who are in similar markets, what's your strategy? How do you find deals? Do you go above the 80%? I know in other areas on the country they don't look at anything above 70% of ARV.

I tried to fix and flip 4 hours away from where I am, and didn't enjoy it. It was just too difficult to keep up with my GC and permits.

I appreciate the advice!

Sam

Hi All! I'm fairly new to the real estate world with little experience across multiple areas. I've worked on private RE deals at hedge funds, I'm currently developing 2 projects, each 18 unit workforce MF's, and buying a property at foreclosure auction. My purchase was an HOA lien on an apartment. As you're probably already thinking as your reading, I made a huge mistake. There were multiple mortgages attached to the property after the auction and throughout four years, by luck, I was able to fix them with little money down and lots of headaches. I'm really interested in foreclosure/ pre-foreclosure purchases and have been studying on how to read court documents, title searches, and I have been watching the auctions daily. I find it difficult to step into foreclosures since, in my experience, books and courses I've crossed by are very surface level.

I'm writing this post to see if there is any advise to give me or a mentor that's willing to help me understand if this is an area in business that I can grow in. I'm also interested to see if there are individuals doing this or lawyers/ companies in this field. As an investor, I feel that I am in the correct position to succeed, both with cash in hand, and connections with rehab/ GC's in Miami.

Thank you for your help!

Hello, does anyone have any recommendations for trusted contracting companies in the Miami area? My family would like our grandparents home built in 1964 fully renovated and upgraded. We would like this done the right way so we would prioritize quality over price. Any suggestions would be greatly appreciated, thank you! 

Hello BP Fam,

Im new to REI and i need some advice.

Should i focus on purchasing a primary residence or look into out of state investment property? 

Heres my situation...My husband and i live in Miami, FL and the market here is ridiculously expensive. I was thinking of house hacking but a decent duplex here is in the 600s and up. Moving further north to house hack is out of the question because our businesses are located here. 

We currently rent an apt that my parents own outright. They have offered to sell this place and gift us a portion for downpayment. Honestly i dont want them to sell this apt, it brings in steady cash flow for them. 

My thoughts are to purchase a duplex in Cleveland or somewhere in Ohio. Build my core 4 there and start my investing journey. 

Some forums suggest to invest in states where i have friends or family... which is only Georgia or Louisiana but seems almost impossible to find a decent duplex within the range of 85-$110k in those states without having to invest in major repair. 

I feel like my thoughts are scattered and need to speak to someone that can lead me in the right direction.

Thank you for your time 

Arianna