All Forum Posts by: Karl Hinkel

hello everyone I’m Shane, I’m a complete newbie and looking to meet new friends with the same interest and your idea sounds great and funky Budda is a fantastic spot,  count me in and let me know more details on when

Hope everyone's having a blessed day!

I would love to hear from our South Florida investors on which approach has worked best for you in getting some leads.  Whether it'd be direct mailing, cold calling, door knocking, social media, or word of mouth.  What works and what doesn't?  How much do you typically spend on marketing a month?  Is it better to stay with one strategy or should you always diversify your approach?

I would love to hear your story.

Hi everyone!  This will officially be my first post on BiggerPockets!  My husband and I live near Titusville, FL and our adult son lives in Palm Beach area; he is in commercial property industry so he has some expertise, but my husband and I are just starting to get our feet wet.  Hubby is Ops Manager and I'm a Safety Professional, so we have what I feel are some pretty solid background skills.  

We've evaluated a few deals, but I guess we get stuck on funding. We do have a bit of personal funds, but a little nervous to make the leap. We will focus on rentals of SFH and MFH, as well as build up our property management biz, as we want to build passive income. We are now raising our two adopted grandbabies, so we are starting all over after being empty nesters. Would love to talk with some of the folks on here....from Daytona Beach area all the way down to Palm Beach area. We are working on our first big job of real estate photography and rental management...but we really want to get rolling on having our own rental portfolio. To all you more experienced members, is REIA a good route to go for finding funding potential? Thanks everyone!

Hi! I just moved to the area (teaching at PBA) and am looking to do my first multiplex house hack in WPB or Lake Worth. 

@Mitchell T.

@Account Closed

We can take a vote on the day and time... so Weekday or Weekend? Mornings or evenings?

For me a weekday during the evening may work. Weekends, I'm free at any time.

And we can post this on Bigger Pockets under the events section - Once we figure out the location. 

South Florida ("Ft. Lauderdale / Broward County / Miami-Dade Meet up") One of those options LOL. Which ever works for everyone, I'm usually all over the place!

I'll be looking for more people to invite as well.  :)

OOOUUU I can bring my REI folder to share information I've learned, my ideas notebook and books that I've found helpful.

.....And then imagine we meet up at a bar and I'm the only dork with all these books HAHAHHAA Oh well!!

Anyways... I'm really looking forward to this!!!

Originally posted by @Leo Jurado:

Hello Everyone,

Fairly new in REI and in the process of forming my Power Team. Currently looking for good title companies/closing attorneys that are investor friendly in the So Flo area.

Let me know if anyone can make any recommendations.

Thanks!

 As an update, my partner and I have found two people to work with in our area.  Anyone who is looking for an attorney in the South Florida area feel free to message me or @Mitchell T.We don't mind sharing our network :).

I live in South Florida and I'm looking to invest here, but I would like to get some discussion going regarding buying preconstruction properties to hold and use as rental income.  There are some pockets of development happening that are in areas that are up and coming, and the prices are in my price point.  Has anyone bought preconstruction before, had success, or failed that could put some perspective on this? I understand most of the pro's involved in buying preconstruction, but I would like feedback.   (Note: These are phase one developments that have not even started construction yet, so prices are phase 1 prices and it will take about a year to be constructed.  Typically a deposit of 2K is required to reserve the spot, 2K at groundbreaking, and the loan does not kick in until the property is complete)

Originally posted by @Mitchell T.:

In addition to the REIAs and REIC meets we should all be going to, I was thinking of setting up a meet up for just us SoFlo Newbies. It's a good chance to meet more fellow BPers over some brews. We can share our newby experiences, trials, hardships, and successes and just make some new friends! We all know it can be intimidating out here as first timers, so what better way than to connect with a bunch of us on the same level! One thing I've learned so far, it's been extremely motivating meeting like-minded people with the same energy, drive, and passion.

I saw some interest in another Ft. Lauderdale meetup post, but I don't think it really panned out. So If anyone in this SoFlo area is interested, just comment below if you're interested, and even a good place to go if you have a suggestion. Invite your friends, family, pastor, dog, whoever. Let's just have a good relaxed time.

If we get any feedback, I'll set something up. Funky Buddah?

Great initiative.  Back in the day- I had this same idea... We called ourselves the Bigger Pockets Real Estate Meetup (maybe 2015) I hosted 4 events until BP contacted me and asked me to change the name. I am down again.

I live in South Florida. Right now duplexes are going for a minimum of $300K in a good area and all of them are pretty much out dated and need work. Most of them don’t even meet the 1% rule. The ones I do find go quickly.

Now on the other hand I could buy a single family 3/2 and rent out the other two rooms for $800-$900 and it would cover 75% of the mortgage. Most importantly I would be saving close to $1000 a month on my current rent. And these properties are newly remodeled.

Either way my goal is to save $1000 a month, so does it really matter which option I choose because you don’t get rich on your first property.

Hello guys. My name is David and very excited to be part of bigger pockets. I am looking for my first rental property but with high prices down here ( Broward ) properties don't seem to cash flow ( at least the ones I have chedcked so far).  Any suggestions on what part of Broward or even palm beach or Miami date will be a good location for rental property.  thank you for your response and for helping a new real estate investor.