All Forum Posts by: Gabriel Amedee
Gabriel Amedee has started 41 posts and replied 367 times.
Post: Is Miami too expensive to buy for renting?

- Investor
- Miami, FL
- Posts 379
- Votes 330
Post: Need ideas for House Hack in an expensive market

- Investor
- Miami, FL
- Posts 379
- Votes 330
Originally posted by :
It doesn't necessarily need to be house hack, I just want a property that cash flows nicely. Preferably multi-unit, but I'm okay will single family.
I got approved for 150k through a conventional at 3.5% down and 5% interest.
I want to go shopping with that.
What are my options?
The criteria being that it must be reasonably close and under 200k. So under 200k and within 30 minutes of 33165.
The only two places I can think of within 30 minutes of Tamiami/Westchester in that price range would have to be either Brownsville/Liberty City or Homestead/Florida City. Personally, I would rather live down south but I would suggest driving by both areas during day and night and seeing where you would prefer to lay your head at night. Feel free to reach out if you have any more questions.
Happy Investing!
Post: South Florida - Looking for investors that want to connect!

- Investor
- Miami, FL
- Posts 379
- Votes 330
There is a monthly meetup on the last Tuesday of every month among fellow BP members.
Here is the link to the next event.
Hope to see you all there!
@Paula Mena @Andreina Marquez @Hannah Rubin @Andre Crabb @Vania Cortez @Michael Monda
Post: Need ideas for House Hack in an expensive market

- Investor
- Miami, FL
- Posts 379
- Votes 330
Hey @Brock Laramee
Have you considered living in the unit for a short time frame and then moving out and using the cash flow to rent somewhere more desirable. Basically use the loan just to acquire the property faster and continue living where you would pay to live anyways. In that price range you are looking at a few duplexes in C/D class areas. In the end it is all about your tolerance. Hope this helps!
Post: Newbie reaching out to experienced landlords

- Investor
- Miami, FL
- Posts 379
- Votes 330
Hey @Nick H.
Finding deals that cheap is going to be really tough. SFH's under 150k are usually not in the most desirable areas. As far as access to capital, if you search enough I believe you can find the financing you need. Perhaps go on Linkedin and begin reaching out to lenders in SW Florida. I do agree that 12% is a high rate but I would not complain with the terms you are receiving. Feel free to reach out if you have any other questions, hope I provided some insight !
Post: Newbie Investor 150k - for Miami market

- Investor
- Miami, FL
- Posts 379
- Votes 330
Hey @Jason Brown
In Miami dade it will be really tough to find single family properties for 150k. Just like @Marc Middleton said I would look into condos giving a good return or consider diving into the Airbnb route to maybe help bring in more capital for the next BRRR.
A couple other options could be having seller hold a note with owner financing while you rehab deal and then refinance after you raise its value. Another option could be a partnership with someone looking to do the same but no prior experience in the BRRR method. You can really use that experience to your advantage as it is not something commonly executed correctly.
Hope I provided some insight !
Post: The Multifamily Investing Club: Ins and Outs of a Real Estate JV

- Investor
- Miami, FL
- Posts 379
- Votes 330
Looks very interesting!
Will do my best to attend as we get closer to event date. Thanks for sharing! @Lennon Lee
Post: Do Realtors care about wholesalers

- Investor
- Miami, FL
- Posts 379
- Votes 330
Post: Wholesaling / Creative Finance Question

- Investor
- Miami, FL
- Posts 379
- Votes 330
Post: Should I Be Concerned?

- Investor
- Miami, FL
- Posts 379
- Votes 330