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Updated over 12 years ago,
Locating deals as a passive investor
My brother and I are ready to begin buying property as passive investors with a goal of achieving a minimum CoC return of 15%. Looking for SFH and multi-family 1-4 units. We are looking to use property management and other outside resources to help. Eventually we would like to do this full time but want to get things going for a few years before then.
We also have enough money to buy properties cash and then do cash out refi's later on as needed.
My question is how to find the people to help locate deals for us. Would we look for local wholesalers and real estate agents giving them our criteria?
We are in South Florida (willing to invest outside of this area if deals are better elsewhere) and any help in this area is appreciated.