All Forum Posts by: John-Michael Moreno

@Oded Levy

I only ask because if you are looking for a rental in this area with an ROI of 15%, the "market" properties may not always be your best bet.

Since your more than likely going to purchase cash you may want to look at off market properties. They may need some extra work to bring them up to par but the chances of your ROI being higher are still greater.

I would still look at all types of properties however because there are plenty on the market and you can leverage your buying power with the cash. I know your a foreign investor but I would still speak to a few banks about financing the property after you bought it. Have you contacted any realtors? 

@Oded Levy

@Oded Levy where are you sourcing the properties that you're looking at from? The MLS?

I am working with @Jerry Puckett, my first round of letters will be going out this week! Jerry and his company have been more than helpful.

@Account Closed thank you for sharing your experience and for having the wherewithal to learn and continue to move forward. 

@Ylande Blanc welcome to BP! It is great to see someone else from Fort Lauderdale on here, especially with experience!

@Wilfredo Roman Welcome! 

As already stated this place is a great resource for educating yourself no matter your level of experience. I learn new things everyday.

If you are looking for deal before they hit the MLS look for wholesalers on BP, bandit signs or check for wholesalers who advertise on Craigslist. They usually post ads like "I buy houses".

I don't know how comfortable you are with them but foreclosures are an option. 

@Jamarcious Sharpe welcome to BP. Check out a local REIA, in your case there is the DREIA. Lots of good info on this site too

@Elliot Smith Congratulations! That has to be a great feeling! This is very inspirational, I love reading the success stories. Proof that hard work pays off

@Account Closed congratulations on the flip! It looks great and its motivating, thanks for sharing the experience. A lot of good info for people starting out.