Young Investor/Apprentice in Fort Laud.

[Andres Yory]

Young apprentice. (25 y/o)

I have been exposed to a great opportunity my whole life. My dad's financial security has derived from the ownership of real state both here in the US and my hometown in Colombia. He has exploited the possibility of owning property to pay my out-of state tuition education. He has a full time job with his own computer and software company and has pretty much allowed me to get in charge of all activities in the US. 

My purpose is use existing family properties as initial projects. I have been the property manager for five rental properties. I have been expanding my knowledge slowly as I deal with landlord duties and maintenance of such properties. I am only in the learning process as all properties are owned by my father but I am in total charge of the remodeling, renting, selling, and maximinzing profit with each property. 

Upcoming projects / objectives:

1. Sell 2/2 apartment after upgrading to hardwood floors, adding new blinds and restoring bath tubs. Attempt to sell without realtors from both ends as this will be my personal payment. This apartment has a HOA fee of $330. So its of my interest to sell as cash flow is not as good. In addition, $4500 are due in taxes for previous years.

2. Using money from sale of 2/2 condo to pay existing debts, use around 25k to repair roof, remodel kitchen, new landscape, and appliances of a 3/2 house with no HOA fees. In addition, $4000 are due in taxes for previous years.

3. As a young helper for my dad, I am going after the commission of selling this apartment and renting out the house. That will be represent the payment for my services. If I manage to sell this apartment without any realtor involved I might as well make a good $7500 out of it and another $600 for the rent of the house in the long run. With that I have some foundations to start investing and join forces along with my partnets who also have a limited budget.