All Forum Posts by: Lucas Machado

Welcome to BP @Anthony Coletti!

@Jeremy Cohen - I very rarely assign contracts...Only if there's not enough money for any profit if I were to do a double closing. I also never use BC's funds to close the AB. 

Transactional funding isn't expensive...I think it's well worth it. So much smoother than trying to introduce a third party into your original contract, especially since now the buyer and seller will both see how much you are making in the transaction. I know a few people who have lost tens of thousands of dollars when they tried to save a couple thousand bucks in closing costs by doing an assignment...They lost the deal once the seller and buyer saw how much more they could make/save by circumventing the wholesaler. I think that's especially relevant here in South Florida - so many shady people. 

And I'm not just saying that because I happen to provide transactional funding here in South Florida...I think most local wholesalers would agree with me...

Welcome @Ed S.! Hope to run into you at one of the local real estate events!

Oh, and to answer your other questions...It's definitely a viable strategy in South Florida, but because there are so many wholesalers here, it's quite competitive. Also, there are a lot of buyers willing to pay "too much" for properties - those two things combined make it quite challenging. That said, there is still money to be made if you're willing to put in the time and hard work.

Welcome @Gabriel Amedee! I'm incredibly surprised that you met even a single person saying that - I would love to get them on my list! :) I go to a lot of networking events, and it seems like 4 out of every 5 people I meet are wholesalers, or want to be wholesalers. 

Welcome back to the RE game @Ronald Parker and welcome to BP! I'm a wholesaler/lender/rehabber in South Florida as well. I work the whole tri county area, but do a lot more business around Ft Lauderdale/North Miami. Hope we can do some deals together!

@Bernard B. welcome to BP! What areas are you looking to invest in? Hope to run into you at one of the local investor meetings soon!

@Jerhmey Cobb - I wrote about some of the other meetings here: https://www.biggerpockets.com/forums/311/topics/23...

I'll be at Nick's BP meetup next week. And then DREIA the week after. Hope to see you there!

West Palm Beach, FL 33405 - $85,000

Contact me privately for complete address and additional information.

Cash Buyers or Private/Hard Money Only Please!

Year Built - 1945
Square Footage - 1,025 sq ft
Bedrooms - 2
Bathrooms - 2
Floors - 1
Lot Size - 5,200
Property Type - Single Family

NOT ON MLS! CBS 2 bed / 2 bath on a corner lot with central AC needs full rehab. Roof is in great shape. Strong comps. Easy to show.

- 822 El Prado SOLD 2/13/2015 @ $155,000

- 734 El Vedado SOLD 4/15/2015 @ $150,000

- 930 Almeria Rd SOLD 8/24/2015 @ $150,000

Call, text, email, private message, or comment below if interested.

- 754-800-4743

- [email protected]

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Can't make it to this one. Hope it happens again!