All Forum Posts by: Mitchell Jaworski

@William Kissane I had been looking in that area a year ago and used Charles Gersey.  Though I didn't end up doing anything up there I found him to be competent and thorough.

@Darren Lenick next one is scheduled for the 11th at Gizzi's coffee, people start rolling in at 1pm.  @Jon Huber sends out an email reminder with all the details, DM him or I if you want to get added.

I know the BREIA @Sarah Torres, it can be a bit salesy. I am part of Tropical REIA, it's much more laid back and built for networking and learning, its up in Boynton though. As for the coffee meetup, we had twenty plus people last month. It's all over the board, but we usually have atleast a dozen, it has been my fav. meetup for networking and we have had people do deals together.

Ironically,  MO is one of the places I am looking.  Along with SC.  And yes, I do rental properties exclusively.  I've done rehabs on my rentals but not looking to flip.  It's all about building passive income for me.   

@Sarah Torres there are alot of us (and I mean alot) investing in South Florida.  I'm in Palm Beach County and we do a meetup each month in delray beach at a local coffee house for two years now.  Many of the investors that join us are working in the broward area and there are always people looking to buy, so if you find a wholesale deal there are buyers out there for sure!

I have actually begun looking out of state myself and am in the process of selling one of my FL properties.

Also, if you need a property calculator to see if a property cash flows as a rental feel free to DM me.  I give it out to whoever needs it.

@Marco Petit making moves my man.  Nice!   Gotta find the off market gems in our area.  Good work.

@Mike S. I use Mike Potter with State Farm.  He is in boca and has been pretty good for me.

@Christina Luton I have not completed a deal with partner yet, but have explored it with an associate.  It's a good idea at times and half a deal is better than no deal. :-)

@Nick Ziegelmann you are in a great area to do college rentals with FSU there.  I like the idea of college rentals as you just need them to be functional not nice (since they will get beat up a little each year) and that is what deposits are for.

Definitely require a co-signer, normally it is the parent of the kid.  This is pretty normal for college rentals.

As for the normal rental parameters, be sure to run the numbers to see that it will cash flow.  If you need a property calculator you are welcome to a copy of mine, just direct message me.

@William Huston in the end, it is smart to be risk prudent.  It is how you don't end up "holding the bag" when things turn.  However, we also can't let it completely stop us from investing.  Given the rise in prices, for example in my area, south florida.   I have not only begun looking at out of state investing, but am even selling one of my places here to buy multiple places in the midwest.   

Granted that market see much much less appreciation/depreciation swings but that is also a positive as I am buying for cash flow only.  So after I factor in costs for vacancy, man't, reserves, etc. if I am getting my desired # or better than I am in.

I supposed I could also do the probate thing to hunt down off market deals in my area since MLS deal days are gone, but I search for the path of least resistance for my money and my time. Why spend 3-6 months getting one deal here when I can get three in less time elsewhere.

In the end, do your research.  Study a market, visit the market, find acceptable deals and make it happen.

@Christina Luton you are probably in a better spot to find deals than here in PBC.  I was looking in PSL just over a year ago and the numbers still looked good.   Plus you are local and more familiar to the area so that is an added bonus.  I've pretty much stopped looking in PBC, in fact I'm actually under contract to sell one of my PBC properties and plan to look out of state with those funds.