All Forum Posts by: Derek Green

Hey BP community

I’m a local boots-on-the-ground investor working the Tri-County area (Miami-Dade, Broward, Palm Beach). I’ve noticed lately that many flippers and BRRRR buyers are struggling to find truly discounted single family homes in this crazy market.

Out of curiosity, what’s been the hardest part for you right now? Is it finding legit off-market inventory? Running the right comps from out of state? Trusting local sources? Or something else?

I work directly with sellers and other investors every week, so I love swapping notes on what’s working for people, or not.

If you’re investing in South Florida, I’d love to hear what you’re seeing on the ground (or from afar), maybe we can even help each other out.

 Oh no Jay you are absolutely correct. Many wholesalers, especially independent ones, do shady and even dishonest things to move property. I recommend to every one of my buyers upon initial meeting to run their own numbers before wasting their time by going to see a property.

There are many off market sources that can be utilized to find the right deal. Certainly family and real estate attorney's as well as personal friends are major ways to assure you have a source to lean on, and I'd encourage anyone that's serious about finding deals to pursue those relationships. Real estate wholesalers would also be a solid source to rely on. As one myself, I am biased, but even when I was a standard agent, I would often rely on wholesalers to find good deals at discount rates. Sure a little is taken off the top, but generally, the numbers will still work.

 Not that one, but it did go to one of my buyers. He's ready for the next one though, such is the nature of the business.

Thanks Enzo. Maybe the comps I pulled were in a price bracket that had a far higher DOM than the rest of the neighborhood. I was finding mainly properties in the 100s DOM.

Hey all,

I was just examining a deal that I found for my buyers in Hollywood Hills and one thing I noticed is that properties aren't moving very fast in the area. Does anyone know why that is? The area seems like quiet suburban bliss. Nothing seems to jump off the page when examining the taxes of the area and there's no HOA. Anyone know why this is happening?

Are you having a hard time finding a property in South Florida with money to be made? I work for a brokerage that gets 3-5 deals a week in the tri-counties. All under market with provided ARVs. I have hundreds of investors but if you have cash and hard money set up let's connect!

 Hey Robert. I did and you were absolutely right. This one was a perfect lot for a new home developer I work with. Is that your field?

Hey all. I might have an opportunity for a good investor to make a solid margin on a property in central Miami, specifically Allapattah, soon. Has anyone invested there before? Would love some insider information.

Buen punto, amigo