All Forum Posts by: Account Closed

 Not really actually. 

I am looking mostly for cash flow, however, I can build equity through rehab for example.

I'm mostly looking for a replicable strategy.

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

I would also recommend you speak to a local agent who can give you a real comps on rental. It's also an old house without renovation so highly unlikely to get a high rent compared to the area.

.

There's literally no house for rent in that entire neighborhood for more than 3.5K. 

The median household income in that zip code is $60K

That house will never rent for more than 3K on a good day.

Sometimes its better to look away from estimators and look at what is actually happening.

Sorry to burst your bubble, could still be a good deal.

Share some info on the house here, is it on Zillow?

 I appreciate that, but I have a wide range of financial products in my portfolio including quite a bit of debt funds. I'm looking to allocate this specifically to real estate.

 Most of my funds are in the stock market, looking to diversify. 

Hey,

I am considering buying a piece of land to develop 8-10 houses on it with common area and amenities.

Does anyone have some excel sheet or calculator that can help me check the viability of it being a good investment?

Thanks