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Updated about 7 years ago on . Most recent reply
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New to real estate investing and looking to network
Hi all my name is dario and I wanted to network with investors in the south Florida area and bounce ideas of one another.
I have about $80k to invest in long term rental properties and would to first find a realtor specializing in that strategy and connect with investors on strategy and mentorship.
Thank you
Most Popular Reply
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@Thomas Manning ... Maybe 80k would be a good idea for him to get started and learn along the way? I started with $25k as 25% down on a 80k a 2BR 1BA and learned a lot, which helped me grow. After a few years, I was able to use appreciation and the little cashflow to purchase a more expensive asset. In addition, if the property appreciates well, he can 1031 exchange into a bigger property without needing to pay taxes. I'm sure @Dario Furman can find a few options with his 80k.