All Forum Posts by: Branden Rivero

What do you guys think are the best zip codes in south Florida for fix and flips? I’m looking to invest in this area and would love your feedback!!

Hello All,

This is my first post on this forum although I have been listening to bigger pockets for years. I wanted to ask your thoughts on investing in real-estate with others, more specifically family. I am currently looking to buy a 2-4 unit building in Fort Lauderdale area. I make about 120k a year and will be bringing my girlfriend in who will be paying me rent in this home as I plan on living in one of the units and renting out the other/others (she will have no ownership and understands this she's not what my question is about.). My parents have an extra 200k sitting around that they said they would want to go 50/50 on the property with me. I figured its a win win, they get to invest into some real-estate and grow their retirement as well as it will lighten my investment and potentially allow me to get into a better property that would cash flow/appreciate better.

Does anyone have personal experiences or opinions on this? I have the means to buy the property myself but I worry about my parents retirement and would hope we can rinse and repeat this process a few times and help them get some extra money for their retirement. I plan to do the BRRRR method (They are in their early 50's so they have about 15 years or so before we would want to sell or I buy them out of their properties for retirement) .

Thank you in advance for any advice! 

Hey, 

I had a similar post in the past, but wanted to repost with a bit more focus on the area - So Miami/Broward County would be ideal.

I would like to hear about what would be in your opinion the best way to capitalize on real estate while living in Miami as a new investor while leveraging sweat equity. 

1. Cash at hand: $1M

2. Goals: Cash flow in A/B areas. Meaning I want to maximize the cash flow, but do not want to go to C- neighborhoods. Must have future appreciation while maintaining some cash flow.

3. Do not want to invest OOS (willing to make short trips/flights within Florida) but ideally I would like to be able to drive there.

4. Want to leverage sweat equity for future automation (i.e flip and rent, short term business, etc.)

Considering the current market, I feel like there will be opportunities arising in the next 6 months in the area. Not sure what everyone's market sentiment is here, but there is are pretty straightforward indicators that markets are cooling. 

Please try to direct me to specific areas with specific strategies that you know work. 

I know it's hard to cash flow today, especially in the A neighborhoods, but would like to hear what you think.

Thanks

To my serious buyers, 

I have a LOT available for sale in Miami, FL. Does have a house on it that needs to be torn down. The lot size is 
6,639 sq ft.  If intrested please respond to this post.

Thank you!