All Forum Posts by: Gabriel Amedee

Hey @Account Closed

I think you are just suffering from lack of intel in the area. I'm assisting another BP member who is also using a VA loan and she felt the same way you did at first. There's an endless list of investors in Miami that have been crying about no deals for the past 3 years and I think that sets a negative environment for those learning. The deals are there for the people looking and they are no where to be found for those who rather cry about it not being 2009-2013 all over again.

With the BP member I am assisting, we are still looking for the right deal but we have come across a handful of deals with $100+ of cash flow per door. It is not common but it is very feasible. Just need to look hard in the right places and perhaps find opportunities that other investors are not seeing. 

I connected with you in case you are looking for further assistance. Happy investing!

Hey Allende Hernandez I know this does not answer your question but I think this sounds more like you should try other avenues of acquisition. In my opinion there are too many factors involved in an association that could disqualify the property as a deal and many of those things are not feasible to acquire in a couple of hours or perhaps even days. If you took the time out to learn about the hundreds of condos we have in Miami, then working with wholesalers would make greater sense. But since that’s not feasible for most, there are realtors that specialize in certain areas and are well aware of the associations within their area. Aside from realtors, you could always prospect yourself which I find so much more convenient with condos. Just find a qualified condo in a building that has a decent amount of units and send a couple rounds of mailers to the owners. Prior to sending the mailers I like to offer a little less than my MAO on currently active properties in the same building to have an idea of how low I can already get with on market properties. I have also considered putting a bandit sign in the exit of the association over the weekend to hopefully find an off marker seller. Last thing I can recommend is to build better relationships with the wholesalers that are actually providing real value to you. Even when they tell you that the property is sold, continue analyzing and find out whether you would really pay asking price after knowing all the financials, recent repairs, board of association, recent changes in regulations, etc. Practice makes perfect when it comes to analyzing and you will also notice which wholesalers are sending you deals and which aren’t. Hope this provides some insight. About to hit the sack so excuse any typos above. Happy investing!

Ryan Bianchi you should check out Devon Aire villas. I am assisting a client close on a property there next week. The HOA is about $50 a month and they are lot and block so you can finance FHA/VA with them. With lot and block townhomes/villas you do own the land under them. Feel free to reach out with anymore questions. Happy investing !

@Robin J.

1. As you first start out you may be surprised to find out that you'll be forced to sell it to whichever investor actually bites. Most seasoned investors have really thin criteria so finding a property that will end up bringing in multiple offers from a single craigslist ad isn't as likely but all part of the game. 

Once you do get to the point where you have multiple cash buyers offering on your deal, it will come down to your preference and current situation. 

If my seller has an auction date coming up I'm more likely to choose an investor that offers the closest to zero day inspection period and non-refundable deposits. It is much more likely this investor will close due to the capital they have sunk in and understand that it cannot be withdrawn. I also do this knowing that if this deal does fall through I can offer my seller some cash for the inconvenience (worst worst case scenario that has yet to happen, fingers crossed). 

If the time I have to close is abundant then I'll vet each investor from the highest offer to the lowest offer by asking for proof of funds and negotiating towards more stronger terms. 

Again, this all comes down to my situation. In the beginning this was how I operated strictly but as I became closer and closer to a few seasoned investors in my area I have found myself taking deductions in assignment if it meant giving it to an investor I'm simply more fond of. My mentor always taught me that some relationships are worth more than a few thousand dollars and over time I've already seen that work for me. Funny how @felipe bossans gave me a listing yesterday just out the rapport we have!

2. If you search "lead generation" on BP there are ENDLESS threads on this topic. I love to share any knowledge I can but I think this forum will benefit as a whole if we add more value to the threads that have a ton of value in them already rather than dispersing valuable information among 20 different newbies asking the same question. 

Hope I added some insight. Happy Investing!

Hunter Harms have you read the power of habit? I’m a productivity junky as well and this is one of my favorite reads. If you listen to the MFCEO podcasts there’s also a couple episodes that touch on this subject pretty well. Look for episodes with the title “Power List” in them as it is a strategy he boasts about. Another person I like to follow for productivity is Darren Hardy. He has a video called overachievers vs super achievers which I almost have memorized lol. It’s a keynote. Have a bunch more other material I’m a fan of feel free to reach out if interested in more!

Hey Dylan, I don't think you gave anyone on here a clear understanding of the specific position you are looking for or at least what it is you offer and what is your expected compensation. Just some feedback to perhaps give you a better shot at a response from others on here. Best of luck!

I'm on my phone so can't really pull up the link but this was just discussed in depth last week. Many felt you should begin investing debt free and others felt you can make more investing your money than paying down a low interest debt. I'll try to pull up the link of the exact thread later.

Hey @Ray S. 

In regards to serious groups I believe @Lucas Machado & @Malgorzata Sadowska pointed some of the biggest ones. If you are looking for something more casual I definitely second @Jason Brown's suggestion hosted by @Jonathan Azoulai. I'll definitely be attending this months meetup, you can RSVP here and get an idea of who is attending and who you would like to make a point to speak to. 

There's also a meetup in Brickell that I have been attempting to attend more often but it is during the lunch time and that's typically a tough time for me. It is pretty small so far but because of that it is very flexible towards topics and much more personal. It is called Brickell Brown Bag Lunch if you search on Meetup.com 

Hope I was able to assist a bit. Happy Investing to all of you!

Hey @Shedria U. welcome to BP! 

Now that you are staying here, why not reactivate your license? I find being an agent a great way to learn all aspects of real estate while being a representative rather than an active investor.

Sounds great! Will attend for the first hour as I have an engagement to attend after. Look forward to seeing you all there. 

Thank you @Jonathan Azoulai for keeping this going man. I know we all appreciate it.

@Richard Delbeau you should definitely join sir!