All Forum Posts by: Dalton Lauer

@Chris Seveney With the location of where it's being built and the market conditions of south Florida I don't see it being much off from that. We have 1,200 people moving here every day. 130+ major companies eager to pack up and move here as well which will bring thousands of jobs and people looking for more housing. Our housing supply is still very low. I'm glad you bring up insurance fee's because that's something i'll have to look more into, but i'm not sure if you're referring to the 40 year inspection assessments people are getting hit with? Lastly, this builder is building with private money so they don't have to wait for 60% in sales prior to banks lending for them to start construction. 

Has anyone invested in pre-construction condo's before? There's a really nice new condo building being built on the intracoastal in Fort Lauderdale which the builder is asking 20% down pre-construction, another 10% down when construction starts, and the rest due when the building is finished. The idea is to sell before you actually get the keys and profit 50-83% ROI, assuming the building appreciates around 25% within the next 22 months like the builder is expecting. Has anyone done this investing before and received that kind of profit? It sounds like flipping, but a lot more passive. I'd love to hear others positive or negative experiences.

Hi Ron 👋🏼. I’d be happy to help look over what you came up with 

Hi Kyla, welcome! I have done some studying of the foreclosure market for some clients of mine. I may be able to answer some questions of yours. Also, if you’re in the Fort Lauderdale area there’s a meet up happening on the 29th that you’re more than welcome to join. If you’d like more details feel free to message me directly!

Hey Justin! I understand the frustration of the high prices right now in the south florida market, but I would start with your first rental in the local area. Since it's your first deal I would want to make sure you have as much control over it as possible. With anything new comes mistakes. If you're in the same area as your property at least you can take care of minor mistakes yourself. If your property is in another state then you will have to travel there or have a very good team built to handle those issues. I can imagine the headache and worries of long distance investing can be a lot, even for a veteran investor. It's a great idea and if you're committed to building a solid team then I bet it can go great for you. I have even considered it myself as well.

If you're interested in meeting up sometime over coffee or a call I'd love to hear more about where you're at in your real estate journey and maybe bounce some idea's off each other.

Thats not true. An investor in my area just got a house under contract for 250K when it was listed for 330K. You just need to be able to spot a deal, have the motivation to act on it fast and have a good negotiator working for you. Remember, it's not always about the price. Sometimes getting seller concessions can be a better deal for you. 

The beginner basics of wholesaling start with knowing how to find a property, run the numbers on it and determine if it's a good deal. Calculators on this website and free ones on other websites are a great way to start searching for properties and running numbers on them. Developing that skill is will make you very valuable to others in the industry. 

If you start there and do it over and over again, eventually you will be able to spot a deal and put an offer on it fast and confidently. 

Also make sure you research the laws for wholesaling in your area. They can differ for each state

Welcome! It's awesome your son is involved at his age. Thats parenting done right :) So many years to grow and become highly successful. Good luck to the both of you!

 The historical average for interest rates is around 7.25% so we're currently still below average and lucky to have the rates we have. Also, if you're looking for a rental property then it doesn't matter too much if prices go down for a little after you buy because if you don't plan on selling it for a while it will still produce income for you during a possible downturn in the market. Lastly, it depends what market you're in. Real estate is hyper local so while everyone says the market is crashing they are only looking on a broad spectrum. If you analyze a deal and the numbers look good then don't be afraid to pull the trigger. 

Hi Christopher! I would say it depends on what is around that specific area and who you're looking to market to. For example is there a large hospital nearby that would be great for traveling nurses? Are you near a college and looking to market to students?

You could also mix in both that way some can be Airbnb's and others month-to-months or LTR