My condo investments success in Miami Florida

[Alex R.]

Hello, I'm new to Bigger Pockets and decided the best way to introduce myself is to share my success with condo investing Miami Florida . - Started in 2000 with vacation home rentals in the gulf coast and town home rental in Miami . - Market crashed and lost properties to foreclosure and short sale. - From the market crash through 2010 I saved as much as I could since I knew my credit would be damaged. - In 2011 Realized prices were very low I jumped back into real estate and purchased and repaired a foreclosure as my primary home. - 2013 purchased all cash a condo near my home . It Needed minor repairs and soon rented it out. Property produces around 10% ROI -2014 partnered up with another investor and purchased all cash another condo near my home. This needed minor repairs as well and soon rented out. Property produces around 9% ROI - 2016 again partnered up with same investor and purchased all cash condo near my home. This unit only needed replacement of washer dryer. Kept current tenants in place and raised the rent . Property produces around 9% ROI I'm hoping to continue this pattern every year or every other year. Please let me know your thoughts , advice on what I may improve on , or any questions you may have.

[Roman M.]

nice comeback! Education cost money and you have gotten it in the first round. Set your own rules and never break them again and you will succeed.