All Forum Posts by: Daniel Heller

Thanks

@Thomas Franklin Thanks for the input! I am looking at doing things with a LLC for those legal reason you listed.

@Lucas Machado Any ideas of how to start either trying to source my own deal?

Thanks!! 

So this is basically my second post on BP. I've started to listen to podcasts and have been trolling here for a bit, learning tons!

But, I still don't have a good grasp on how to find good MFH properties in the Miami/ lower Broward area. I'm looking for a buy and hold MFH, probably around 4-6 units, but open to a slightly larger property. This will be my first investment property so don't want to bite off more than I can chew. I will not be house hacking, so am also limited in size of property and amount financed based on how much I can put down for 20% down payment. I've spoken with a couple of realtors, but haven't been impressed with them, they're just giving me some of the listings I see online. I keep looking online at loopnet and realtor.com, but the asking prices are way too high. Any ideas of how to find good properties or any off market properties? Can try direct mail, but I thought that was more effective for SFH. Don't really see any for sale signs out when driving around. Any ideas?

Any input would be much appreciated!!

Thanks!!!

Daniel

@Jose R.

Where are you in NMB? I live there as well which is why I was thinking of North Miami.

What is your return on the 4 plex? I was looking into similar properties, and am trying to get at least a 10% annual ROI. Is that feasible in these areas?

Thanks

Hi guys,

I'm in miami and looking for my first property. Have a buy and hold outlook. Looking for a multifamily. Any one have any input about North Miami, Hallandale or Davie?

Thanks!

Thanks for all the advice!

@Pamela Starnes How did you finance your purchases given that you are also a physician? I was thinking of buying everything under a LLC since I don't want any possibility of a law suit from either my medical practice or from my real estate holdings to affect one another.

@Thomas Franklin Any idea of how to find these investor friendly realtors?

Looking forward to getting started!

Hi there,

I'm new to this group and real estate investing in general. I live in Miami, South Florida, and am looking to get into the market. Not as a get rich quick, but rather as a slow and steady accumulation and growth of properties. I have another full time job as a physician and am not interested in leaving my practice yet, but I'm looking for something else that will generate a cash flow and allow me to get to financial freedom within the next couple of years so that I can practice medicine on my terms and not on the insurance companies. I have not yet started to invest in real estate, although I am reading and learning lots online and have started to look online for some properties. From what I've read, multifamily seems to be for me. Any suggestions on how to take the actual next step; how to find a good real estate broker who will understand what I'm looking for and be able to help me learn the ropes? And then any tips on how to evaluate a property? 

Any and all suggestions are much appreciated.

Thanks!!

Daniel