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Updated over 10 years ago,
Hello Everyone From Miami Fl
Hey Biggerpockets community!
I have been browsing Biggerpockets for about a month now and I think its finally time to introduce myself.
I have always been very interested in real estate investing and am dying to get started, but I am having a hard time actually doing it. It feels like I don't quite have the knowledge yet to actually go out and invest. But, I finally realized that I can't possibly learn every single thing there is to know when it comes to investing and that on the field experience is key to being successful in real estate and every other profession there is.
What I do notice is that the market here in Miami seems a bit over priced, which means I would have to go somewhere that the numbers make sense.
Which brings me to my first questions
As professional investors how to do you guys know where to look for deals? What resources are used, if any.
What Ive been doing is looking at properties everywhere, different neighborhoods, north, south, east and west. Looking for an area that seems like a nice family neighborhood, with reasonable prices and houses that can be picked up to fix and flipped.
I also just get in my car and drive, write down addresses and look up home values in those areas.
Is this a good method? Or a waste of time
I don't want you all to give me a specific place in south florida, but for some insight on the way I am trying to do it and some ways to improve on it.
Thanks in advance
Looking forward to meeting everyone.