All Forum Posts by: Diego Curbelo

Efectivamente, hay que aprender español para hacer negocios en Miami. Escribenos si necesitas ayuda !

Hi Ian, congrats on starting your active journey.

In my experience, there is no shortcut to finding off-market deals, and I had to learn that firsthand. You're on the right track by being active here and stating your criteria for properties. On my journey to find these so-called off-market deals, I’ve learned they generally fall into two categories.

1. Off Market Deals Through Your Broker Network

When you're actively browsing sites like Crexi, LoopNet, or Zillow, get in the habit of calling the broker on the listing, introducing yourself, and even suggesting grabbing a coffee with those who are local. Almost every time, brokers will ask what kind of properties you look for. If you're lucky, they might have something off-market, meaning they haven't put it out to their full network yet. These deals usually have better terms, but brokers still shop them around to multiple buyers, and they move fast.

Another way to find deals in this category is through WhatsApp groups with wholesalers. These are usually very active, and I’ve seen a lot of volume traded. If you attend real estate events in Miami, you’ll likely get invited to one of these group chats.

2. True Off-Market Deals

These are the hardest to obtain but also where the real money is made. Getting in direct contact with owners can be done using software like Reonomy, but even with access to owner information, it requires a lot of cold outreach. Most outreach will be ignored, and the few who respond may not be looking to sell at the moment. Building relationships is key, and that takes time. This approach is worthwhile, but it is definitely a grind.

The most important thing in real estate is to build and nurture relationships. Helping people when you can will go a long way, and eventually, the deals will come. The key is putting yourself out there and establishing a solid framework.

Hope this helps!

Hi Theodore, we're always looking at deals. Would love to get in touch!

Hi Brian, congratulations and happy new year! I'd love to be a resource any time.

All the best!

Hey Chris, check out Alpine Mar. They know their stuff.

Hi Charlie, very exciting that you're planning on buying your first investment property, congrats! In real estate (and probably other industries) this is referred to as a Single Purpose Entity, and it's usually a smart move. Aside from the Debt-to-income ratio and risk benefits you've already mentioned, it also just helps keep everything organized. Just keep in mind, the costs of setting up and maintaining an LLC and the bank account that goes with it, not exorbitant but important to consider.

I'm not a CPA or an attorney, but I would suggest taking the time to diligently put together a trusted team to facilitate your long and successful investment journey! Here if you need anything.

Hi Allende, my firm handles property management here in Miami. What we do is bundle it into an application fee. Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners. On a per-owner basis the policies will change for occupants over the age of 18. 

I'd be happy to discuss this or any other topics regarding property management at length via message if you'd like. 

Just sent you an email!

Hi James, I'm not a CPA and you've already received great advice from many great professionals but just chiming in here to say I've never seen a Cost Seg not be a worthwhile investment.

Hi Elyse,

I agree with Simon I don't think it gets better than Yardi. However the truth is the best software is the one you know how to use the best. I've been using Buildium since I started working in PM and I know it like the back of my hand. They also have amazing customer service which makes the monthly payment model worth it for me.