We are two business women single moms, Denise and Joanna. We are so happy to have found this community ! We're keen to get into the real estate investment realm with a shared goal: to provide for our kids. With our backgrounds in interior design, business development, building brands from the ground up, property management, marketing, and creative direction, we bring a unique set of skills to the table. Over the years, we have both renovated and flipped homes, though primarily for others. Now, we are eager to leverage our expertise for our own venture.
What we are looking for:To invest in both the BRRRR method/flipping properties and buy-and-hold properties. Saying that, we are only interested in buy-and-hold investments that offer positive cash flow upon purchase and some minor non-structural reno's. Our preference is to start with smaller investments and build from there.What we would like guidance on:1) We are looking for a seasoned investor and/or expert to advise on cities and/or neighbourhoods prime for investing RIGHT NOW. Up until now, we have focused on Miami but are open to other parts of Florida, NY, Texas or Washington. If there are specific areas in these states you all would recommend or other areas in the States worth exploring, please let us know! We are here to learn and get as much info as possible to make great choices. We will be absentee investor/owners but of course will travel to the markets when necessary.
2) We are particularly interested in C-grade homes/condos located in B-grade neighbourhoods.
What are the best essential resources? We are looking for reliable sites and resources that can assist us in finding these properties. Some of the platforms we are considering include
Foreclosure.com, Propstream and of course BiggerPockets. Is there one that is better than the other? We realize also that some are on MLS, some are not, some properties are direct from seller, etc. Locating properties has been the tricky part for us to navigate
(tax deeds, auctions, foreclosures, reliable wholesalers, vacant properties, etc).
