Eric Brunner

I live in South Florida with my fiancée and we rent a condo. We are newbies and have never owned property. I've followed BP since November 2019 and have read all their core books and consume the podcast regularly. After much nudging and begging, my fiancée has got a couple BP books under her belt recently and is starting to see the value/appeal of Real Estate Investing. We are interested in House Hacking a Multi-Family in the Fort Lauderdale/Hollywood area. Specifically, we are looking for multi's $400K or less with minimal to no renovations needed. A key decision for what property we purchase will be that the IRR is at least 15% and the Cash on Cash Return at least 7% or higher when we move out with tenants in place. This will be hard to find given how high prices are down here, but we are not giving up. We want to hold this property for long term when we move out and keep it rented. As a secondary investment strategy in case we cannot find a good deal for house hacking, we are also interested in single family homes in South Florida (As far north as Palm Beach Gardens) for $200K or less. For the single-family investment, we would pursue the 1% rule with more of a bandwidth for doing renovations. Regardless of whether we house hack or invest in a single family rental, our strategy is buy and hold for long term. As many know, South Florida is expensive and competitive so looking to leverage REI meetups to network and find our first deal. I look forward to connecting and learning!