New to investing, but have a portfolio

[Alejandro Forte]

Good afternoon Bigger Pockets, my name is Alejandro and I have just joined this community. I have inherited a large portfolio in Miami which I have managed for a few years. I am looking to expand this portfolio but I am just getting started when it comes to acquiring new rentals. I have studied a substantial amount but I do not have the experience yet. I am looking to connect with anyone with experience to find information and expand my network for mutual growth. Thank you and good luck to your endeavors.

[Jonathan Greene]

What kind of portfolio? All real estate in Miami that you now own outright and manage? Is there any leverage on the portfolio?

You want to connect with others at local meetups so you can start to learn what others did to grow their businesses as investors. Since yours came to you and you've managed it, you still want to go behind the curtain with other to see if you really do want to grow to include more.

One thing about portfolios - there are always bad properties in there. When you buy or inherit a block of properties, you want to put them in buckets. Great assets (cashflow and appreciation, low to no cap ex), steady (low cash flow, good tenants, slow appreciation, low to no cape ex, and dawgs (low to negative cash flow, lots of cap ex coming, aggravating tenants). Sell the dawgs.