Hello from South Florida

[Jeff Carlson]

Howdy everyone! My family and I are just getting started in the real investment game and thought this would be a great resource to pull from as we begin our journey. 

A little bit about me...

I'm 33 and have a beautiful wife and two children. We currently have no debt and over the course of the past year have been able to save about a 100K in cash. After doing some back and forth with our family, we thought investing in real estate is a good way to use our money. I'm looking forward to any advice, tips, and general information that the experienced folks can provide. 

Cheers and here is to Bigger Pockets! 

JC

[Mitchell L.]

Originally posted by @Mitchell L.:

Welcome @Jeff Carlson to BP!

If you are looking to invest here in South FL, be sure to team up with a investor-friendly RE agent and start learning the market trends, etc.. Still some good deals around for the patient investor.. If you go all in with the 100K cash, you can probably pick up 2 condos that will produce a 10% cap rate or 1 SFR in a OK neighborhood also producing around $600-$800 of monthly cash flow.. You can also look into leveraging and picking up a Multi-Family but those are overpriced for the most part.

Good Luck and Happy Investing!

 @Jeff Carlson 

I would leverage whenever possible. If you are cash-flow positive after using OPM, you are in a great position to pay one off and use the domino effect from there.. It may be hard to do that down here but all depends on area..

For the ones curious around 10% cap on condos, there are plenty out there in the OK neighborhoods.. I actually have a fix and flip right now in tamarac that would give around 9% CAP.. With the figures it was purchased, it would give me around 12-13% cap if I decide to hold it long-term..