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Updated about 6 years ago,
26 with 50k saved. No debt and excellent credit score.
Hello BP family, I am 26 and I have 50k saved up. I live in south Florida and I after doing a ton of research I am ready to take action. I have done research on tax liens but I really don’t fully understand that route, but would love to learn from an expert.
I am particularly interested in fix and flip. I am almost done building a solid team of people I can trust. My future uncle in law is a GC and his son is his right hand man. He (son) and I have discussed partnering on fix and flip deals. Also, my actual brother in law is an electrician. I am working on getting my real estate license that way I can save of some closing costs.
The markets in south Florida are difficult because 80% of properties here have HOA's and restrictions on buying and selling. The infrastructure has grown tremendously the past 6 years I have been here and I believe it will continue to do so. Is the market here tapped out? I have family in NC and also TX which I am interested in as well.
All advice would be much appreciated!