All Forum Posts by: Jessica Swingle

@Symone Berry Welcome!

Are you looking for 2-4 units or 5+? 

You mentioned looking for an investor-friendly agent - I'd be happy to put you in touch with one of my agent partners who specializes in that area for multifam. He's done a lot of brokerage work particularity in Norfolk. 

In the past, I represented investors as an agent so I know how difficult it is to find a competent professional (especially in "residential" aka 2-4 unit) space. 

Feel free to email me and I can put you in touch!  

Hello, investors. 

I'm negotiating a possible wholesale deal in Port Clinton, Ohio (Ottawa County near Toldeo). It's a bit out of my geographic area so I'm checking to see if there's interest there? 

The property is on 14 acres and includes multiple buildings, including a SFH, restaurant and vacant 10 unit motel.

Please email me if you're interested and I'd be happy to share more details. 

Thank you,

Jessica Swingle | [email protected] | swinglegroup.com

@Ralph Cordero

Welcome to BP.

My advice...what @Andrew Davis said! 

Also, check out local REIAs. There are several in Miami, here's one of the bigger groups: http://dreia.org/

Let me know if you ever need anything here in Miami. 

Happy to help. 

Jessica 

Hi @Fabiano Santos,

Welcome to BP. 

I can sum up my advice in one word....READ. 

Starting out, read everything about real estate you can get your hands on - BP forums, library books, cheap used books on Amazon. I've found that REI education is more about pulling the pieces together than finding one "source" of information that tells you everything. (Although BP is an excellent starting point!)

And always remember: 

"Whatever the mind can conceive and believe, it can achieve." 

Napoleon Hill

Hi @Brittaney Woods,

Where are you looking in South Florida? 

I see you're located in Miami, as am I. Locating owner-financing deals in this area is tough because competition is high and most investment purchases are all cash. Doesn't mean you can't find an owner who is interested in seller financing, but it's rare. 

You'll likely have to locate and negotiate with the seller yourself (which would require direct marketing, networking/prospecting to find owners (ie Craigslist), etc.). That said, I can't speak for all areas in South Florida. 

I think it makes sense first to define an area and go from there. 

Also, depends on what you're purchasing. I assume you're referring to SFH or small multi-family properties? Owner financing is more common when you're talking about 5+ units or commercial properties.

Hi Abe. 

Welcome to South Florida.

Be sure to set up your keyword alerts. That way you'll be notified when anyone in the BP community is talking about Broward/Ft. Lauderdale/SouthFlorida. 

You could also check out local REIAs offline. I'm sure there are several in Broward. I've never been, but you can try: http://breia.com/.

Hope this helps. 

Hello, BP-ers.

I'm currently looking for investors who are interested in small multifamily (2-4 units) in Miami-Dade county. Competition is high - but there are still opportunities for great cash flow (and the possibility of increased income...therefore, VALUE) in this market.

Please email me if you're interested.

Cheers,

Jessica 

Hi @Andy Pillinger.

@Lindsay Diven brings up some great points. 

Additional questions:

Why pre-construction and not existing property? Have you compared the new construction numbers with a similar turn-key, rehabbed asset in the area?

@James Reiter

Welcome to BP. 

South Floridian, here. Definitely an interesting place to be, work, live and invest right now. The best advice I can give starting out is to connect with as many smart people as possible and to read, read, read. If you're looking for book recommendations, just let me know. I have a library full and have found many of them to be very helpful. 

Cheers, 

Jessica