All Forum Posts by: Cedric Dadaille

Welcome to Bigger Pockets!!

 I'm sure you'll get tons of use out of it! South Florida market can be a bit crazy at times but when you are ready, give me a call and I may be able to help you find some great deals!

I've heard horror stories about condos and their HOA's. The firm I work for doesn't even consider buying them to hold as rentals. Unless it made amazing financial sense to do it and you had very clear exit strategies , I would stay clear of them.

Welcome to Bigger Pockets! I'm sure you'll get a lot of useful information out of here. Be sure to connect with lots of people and enjoy the resources you find here.

Relevant Information:

2660 NW 21st ST, Fort Lauderdale,

Florida 33311

Investor deal in the Fort Lauderdale Area!

-35k in profit to be made!

Email or text me now, as this deal won't last!

[email protected]/ 561 674 2240

Welcome to South Florida! I was raised here in Boca, so I can tell you that I'm sure you'll love it here. Also, we have plenty of absolutely great investor meet ups only 30-40 minutes south of Boca.

Welcome to Bigger Pockets! The South Florida Market is great for flippers, and I'm sure you'll do great!

From what I understand, you should be extremely careful buying in a seller's market. Prices tend to be a bit higher than what you're looking to pay.  Also, how much are you willing to do in repairs? Is that particular area the only area you're willing to invest in, or are you willing to look for property in places nearby?

Commercial leasing crossed my mind once or twice. I wasn't sure if it would be worth it in the end. However, it sounds like something I might start looking at again! I'm not sure what you mean by PM work? 

After college (Class of Texas A&M, 2013, Whoop!)  I realized that in order to use my degree effectively, I'd need to get my Masters. After I decided that I didn't want to get into more debt, I decided to start doing what I was personally interested in and get into Real Estate Investing. In order to get into the business, I decided to work as an Agent, build cash reserves and immediately start  building a rental portfolio.

So far, I've gotten my agents license in September and signed up with a virtual brokerage with one of my good friend's father who operates out of Dallas. Right now, I also have a second job, (to keep the lights on) at nights, so I have most of my mornings/afternoons free in order to hunt and work as an agent. I'm definitely going to see how far I can take this and will be updating my progress.

Current challenges/Questions:

-Getting MLS access. (My broker can't get me access to the Houston MLS system yet, because he has to sign up with them. I won't have access until the 10th of November. However, I don't want to sit around and twiddle my thumbs, so I'm going to be sending Direct mail ads (and follow up calls) to Probates and FSBO's. I hear the best deals are off market anyway, so hopefully I can pick up one of those.

-Deciding if I should stay with this broker. He gives me more Freedom to work, but less one on one training (due to distance). Plus, he doesn't understand that I want to work with investors. He mostly deals with commercial land contracts and has experience in residential. He has no bearing on the investor side of things though. 

-Marketing with little cash. I don't work enough at my other job in order to give myself the cash I would need to do this on a decent scale. However, I don't thinking throwing money at a problem fixes it. I imagine I'll have more cashflow crunch times. I gotta learn to be flexible.