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Updated over 3 years ago, 08/27/2021
Newbie Investor Introduction
Hello BiggerPockets community,
My name is Jonathan Bifulco, and I am excited to start investing in real estate. I currently work an 8-5 job as a registered nurse in the Vero Beach, Florida area. I currently live in a rented apartment and have never purchased a home before. I am interested in investing in the Port Saint Lucie and the Vero Beach area. At this point, I would like to focus on single family properties that need some mild to moderate repairs. I feel like this is a good way to buy property at a discount as these areas are very hot right now (Let me know your thoughts). If anyone knows of a local REIA group in the area that they would recommend, please let me know.
Thank you,
Jonathan Bifulco
@Jonathan Bifulco
Good Morning Jonathan, Welcome to the forum! My wife and I were born and raised here. We invest in real estate locally and work full time in the sales side of the industry. Now is a great time to get in the game. There are some local lenders with great products for what you are trying to do. Also, there is a fanatic investors meeting on the fourth Thursday of each month at Keiser University (CFREIA). Message Me and I will send you a guest pass for our next meeting. Feel free to reach out about any real estate related questions you have in the future. Happy investing! Sincerely, Derek Stalhut
Hey Jonathan,
My business partner and I are also just getting started and bought our first 2 in Vero. Here is the REIA you will want to look into, https://www.cfreia.com/Default...
Like I said, we are new to this but would be happy to get together and share the little knowledge that we do have at this point. We will be at the one property next saturday painting if you want to come check it out. Let me know.
Welcome to the BiggerPockets community! No matter where you stand in your real estate investing journey, BiggerPockets is the ultimate resource for all of your investing needs. I’d suggest starting out by networking with as many other investors as possible and be an active participant in the forums.
If you haven’t already subscribed to the BiggerPockets podcasts, do that ASAP. Look for meet ups in your area (virtual), attend free webinars, start reading as much as possible on any and all topics related to investing and real estate. Use the forums to help you search for the answers to all of your questions. If you can’t find your answers, then create your own post!
Feel free to DM me with any questions.
Good luck and get educated!
- Dan Guenther
- [email protected]
- 720-295-1082
Welcome to BP! Again, like has been mentioned it is an ultimate resource. I just helped a couple purchase a new home together in Vero Beach and we went that route. We were able to get a home that needed a good bit of repairs with a conventional loan, and they gained a ton of equity in it. At this time, it is much tougher to find properties that need repairs at prices that aren't closely relative to prices for properties that do not need as much money put into it. Basically, you have to find a property that needs work, but one that isn't low hanging fruit for a flipper / investor. You have to get some that needs work that you can make sense of for an owner occupant, that wouldn't make sense for a flipper profit wise. Let me know, I can keep an eye out for you in that area!
Coastal Florida Real Estate Investors Association
Welcome Jonathan! South Florida is a continually growing and emerging market with great opportunities. Exciting to hear you getting started. Welcome again.
Originally posted by @Dwayne Byrd:
Welcome to BP! Again, like has been mentioned it is an ultimate resource. I just helped a couple purchase a new home together in Vero Beach and we went that route. We were able to get a home that needed a good bit of repairs with a conventional loan, and they gained a ton of equity in it. At this time, it is much tougher to find properties that need repairs at prices that aren't closely relative to prices for properties that do not need as much money put into it. Basically, you have to find a property that needs work, but one that isn't low hanging fruit for a flipper / investor. You have to get some that needs work that you can make sense of for an owner occupant, that wouldn't make sense for a flipper profit wise. Let me know, I can keep an eye out for you in that area!
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#1 New Member Introductions Contributor
- Solo 401k Expert
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Originally posted by @Jonathan Bifulco:
Hello BiggerPockets community,
My name is Jonathan Bifulco, and I am excited to start investing in real estate. I currently work an 8-5 job as a registered nurse in the Vero Beach, Florida area. I currently live in a rented apartment and have never purchased a home before. I am interested in investing in the Port Saint Lucie and the Vero Beach area. At this point, I would like to focus on single family properties that need some mild to moderate repairs. I feel like this is a good way to buy property at a discount as these areas are very hot right now (Let me know your thoughts). If anyone knows of a local REIA group in the area that they would recommend, please let me know.
Thank you,
Jonathan Bifulco
You are in the right place Jonathan!
- Dmitriy Fomichenko
- (949) 228-9393
It’s nice to have you here!
This is a great forum with very knowledgeable members that will help to guide you in the right direction, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance. You will be able to share your story and receive plenty of helpful feedback from experienced members.
The site has quite a few tools that can be helpful for new members. For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users
I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts