All Forum Posts by: Austin Martinez

Hi I'm interested in gaining experience cold calling and door knocking and was wondering if anyone is interested in exchange for training?

I work full time but I can call in the evening and I'm free on weekends.

As it relates to door knocking, I live in miami and have a car.

@Joshua Moore thank you so much for your response, this was very helpful!

Hi I'm just starting out and just about ready to start sending direct mail to potential sellers.

Can anyone point me to the best place to learn what kind of messaging I should have in my direct mail marketing?

I'd be happy with a book, podcast, video, etc.

Or if someone with experience was nice enough to share their own messaging, that would be incredible!

I'm interested in marketing to absentee owners, people in preforclosure, possibly probate, etc. Single family and small multi-family.

I just don't know what to say lol I'm sure each of these types of owners needs different messaging and some of them are probably in a very sensitive situation. I want to focus on helping them if they need it, but what is the best way to introduce myself?

Curious what people think about the South Florida (Broward) REIA aka BREIA. I recently joined but was curious what people's opinions are about their mentorship program and other networking events. Is it worth the money?

For context, I am from South Florida but new to RE and am looking for my first home. I'm particularly interested in finding, what apparently is impossible, a multifamily property off-market that I can purchase with an FHA loan.

Side note: What is the best way to find a wholesaler that would work with someone like me?

Hi all,

I've been doing research, reading, and listening to the bigger pockets podcast for a couple months now, but I have some questions about starting out on my real estate investment journey that might be more specific to my situation.

My name is Austin, I live in South Florida and work full time in corporate finance.

I have never owned a house, I have great credit and no debt.

I think my first move should be a multifamily househack and take advantage of the FHA 203k loan.

I want to keep my same job for a couple more years but significantly lower my monthly expenses by moving out of my rental apartment and getting into a more cash flow neutral living situation.

So my plan is the following:

1. Get pre-qualified for a home loan.

2. Go to a local REIA and find a good wholesaler.

3. Buy a livable but distressed small multifamily property to live in for at least 1 year while I save up more cash to invest elsewhere. Eventually would move out and rent out my unit.

4. Profit. (lol)

I have a couple basic questions:

1. What do you think of my plan?

2. What is the best way to go about shopping for a loan? How many offers should I get and what type of lenders should I go to for an FHA 203k?

3. Is it realistic to think I will be able to find a good off-market deal that could be truly cashflow neutral (accounting for hidden expenses like vacancy, property management, depreciation, etc.) while using an FHA 203k? I know there are stipulations and the lender will want to inspect and appraise the property, so I won't be able to move forward without contingencies. So I'm a little worried I won't find the best deal or I won't be able to move fast enough....

Any advice you could give would be greatly appreciated! TIA