All Forum Posts by: Branden Rivero

After leaving the real estate market in 2024 and bringing in the new year of 2025, what are the best updated strategies/approaches to be a successful wholesaler in the Miami Market?

Go direct to seller, learn to source your own deals and you will be successful

2 Votes

Miami, Florida

its part of the game, work on getting better terms with time. For example, my average terms are 90%-100% LTV and 10% interest flat no points or pre-payment penalty. I originally started as 80% LTV and 12% + 1 point with 3 month prepay penalty

0 Votes

Fort Lauderdale, Florida

Hey I buy down here in Dade and Broward

0 Votes

Fort Lauderdale, Florida

Hey nice to meet you ! would love to see if we can work together, I use a couple of PML but always open to adding more to the roster

0 Votes

Fort Lauderdale, Florida

It varies for me city by city here in south Florida. Stick to your numbers! let the numbers do the talking, and don't force the deal. I use HML for all transactions

0 Votes

Fort Lauderdale, Florida

Quote from @Anade Davis:

Really good comments here thanks for all the great info. The issue that i see with miami is the money mostly comes from the top earners. The residents are severly underpaid. This is why you see so many people living in 1 house.

I think thats an opportunity. Everybody in that house should be paying some rent. For example, instead of 1 rent $2000 for a 3 bed 2 bath. If 4 people live in that house. Each person would pay $600 a month or even consider padsplit. That does weekly rentals. I think for a beginner thats how i started in multifamilies literally with weekly rentals. It can get testy at times but its an excellent learning opportunity and you will always have cashflow, weekly

South Florida is going through a transition. From having rich residents to now having wealthy residents. I believe once the schools catch up with the influx of wealth South Florida will keep appreciating. Pad split is great but you need to be careful what cities you do it in cause it will bite you if done wrong

0 Votes

Miami, Florida

this convo is a year old, still no crash.

0 Votes

Miami, Florida

All Forum Posts by: Branden Rivero

Branden Rivero has started 0 posts and replied 133 times.

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