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Updated 9 months ago,
New RE Investor looking to connect with South Florida professionals and investors
Good day everyone,
I'm a 34 year old entrepreneur and accredited investor, looking to start building wealth through acquisition of residential properties.
My real estate knowledge is limited to a purchase of my primary SFH, facilitating a full remodel side-by-side with a GC, as well as countless hours of BiggerPockets educational material.
As far as my investing strategy, I'd like to focus on BRRRR. LTR if CoC is at least 10%. Otherwise, STR. Rinse, repeat and scale.
Down the road, I'd like to shift focus to multifamily 5+ units but as a newbie don't feel comfortable investing $1M+ of my funds in the same building.
Currently, my main challenges are identifying a market and finding a mentor:
-Market: It seems to be rather difficult to find cash-flowing LTR properties in the South Florida market, so most likely I'd have to focus on long-distance investing or local and STR. I'm open to both as long as it meets my requirements.
-Mentor: I'd like to find or perhaps even hire a seasoned RE investor to mentor me through my first few properties as well as help establish a team. The good news is that I love constructive feedback, have a healthy risk-tolerance, and I've allocated roughly $800K liquid cash to leverage and purchase properties.
I quickly realize that its a networking business, so I'm looking forward to connecting with professionals and experienced investors locally and online. :)
Best,
Denys