All Forum Posts by: Brett Voorhees

Hey @Joe Mannino, I work in the area and may be able to offer you some opportunities if you are a good fit. Shoot me a message and we can connect.

Hey everyone,

I am an experienced real estate professional in the South, FL area specifically PSL to Palm Beach County and I am constantly working to improve my systems to better serve the investors I work with. I am curious to hear what you guys look for when starting a partnership with an agent. Obviously knowing your market well, being able to know a good deal when you see one etc.. Is there anything else in particular you guys look for? Currently building the acquisitions side of my business up more to source even more off-market deals and specifically more multifamily deals. If anyone is local and would want to grab coffee or lunch let me know!

Any feedback is appreciated! 

Hey @Lisa A., I get where you are coming from with those market conditions. Sometimes it is tight making those numbers work. However there are many options when looking to get into another property especially things like owner financing, and other property performance based loans. I think an agent with the right connections there can really point you in the right direction, let me know if you want me to shoot their contact info over to you. 

Hope this helps, best of luck!

Hey @Alleigh Follett, I am confident with the right people and connections you can get a property for sure. I have an agent if you need someone to guide you a bit. Shoot me a message if you want me to send over his contact! 

Best of luck to you!

Hey @Adelle Swan, I would personally avoid the rehab and flip if this is your first deal. Yes they can be profitable however, you can really run into some issues and for a first deal, it would be smart to mitigate risk as much as possible in my opinion. From the investors I have worked with in the area, (especially Lauderdale, Boca, Delray) I would say the multifamily market is going to remain incredibly strong and profitable. I have some investors that even are fine with paying more for those at the moment just because they have such a strong future especially in the state of FL. 

As far as going with a single family and doing STR, those can be extremely great investments as well. In the end I would do what lines up best with your long term goals. Many ways to achieve the same long term result.. just depends on what yours is.

My line of thinking is.. we know RE investing long term can bear tons of fruit. If you own 10 units and occupancy for some reason drops.. you can still get by with 60,70 or 80% occupancy. If for some reason something happens to that single family.. Profits can potentially go to zero for a period of time. Since I personally work these areas and am licensed, let me know if there is anything I can do. I get off market deals coming across my desk as well so if you are possibly interested, shoot me a message and we can stay in touch.

Best of luck to you!

Hey @Kendrick Okafor, depends on what the area is like and exactly what your goal is long term. What type of properties do you want to own etc.. At the end of the day if the property pays you and you just want to build a portfolio of single families then it might be a solid choice to just hang on to it and rent it out. Especially since those numbers are solid. You can also always pull a HELOC down the road if you wish and move that into another property. If you are not 100% set on this particular property you can do a 1031 to avoid those taxes and still get into another property that you like more. What it ultimately comes down to is what your goals are like I said. I work the Lauderdale area myself. If you are interested in off markets in the future or need anything that I can help with let me know, I am a licensed agent myself. Look forward to connecting with you.

Best of luck!

Hey @Ben Matiella, I have a rockstar agent that can totally get you a deal in the area. Let me know if you want me to shoot you their contact.

Hey @Andrew Castro, great time to get into the real estate game! I personally live out in FL but have helped others in the past house hack, in fact I highly highly recommend doing so since there are alot of benefits. Obviously it reduces or even eliminates your housing costs, it mitigates risk because you subsidize your monthly costs of homeownership (principal, interest, taxes, and insurance (aka PITI) and maintenance). The list goes on..

At the end of the day it is similar to purchasing any other investment. Make sure the numbers work, plan for every case scenario, and find the right deal for your standards and what you want. I am sure there are agents out there you know already, however it can be a good idea to get other opinions so you give yourself the best shot at finding that deal you are looking for. There is an agent on my team who is in Sacramento if you need someone to shoot you deals over or run some numbers for you. Send me a message if you would like and I'll share his contact with you!

Best of luck!

At the end of the day if you are in it for the long term, prices will continue to increase in most markets. Of course it's great when we time the market and buy low, but it depends on your overall strategy. So just like @Jason Wray Said, you can always refi. In my opinion that is the best way to do it. Additionally, if the numbers make sense.. who cares about the rate? If the cash flow meets your criteria and you like the deal, I say pull the trigger on it!

Hey @Barbara Ligonde,

I live in northern PBC myself and work down in Miami and everywhere in between so I totally understand where you are coming from! Your plan is very realistic. If you need a hand or if you are looking for something off market let me know! With the market conditions it can make the numbers tight however if you jump on the right property.. with the direction of Florida's rental market (Especially STR) you will make plenty of money back.