All Forum Posts by: Dessiree Fermin

Hi @Cody W..

I would definitely recommend you researching more about what type of investing you want to do in real estate. At the end of the day, we can't tell you how to use your funds because you have to really decide what makes sense for yourself. Plus not all real estate investing is for everybody - some prefer single family and others multifamily that's why you should definitely research more. 

Ask yourself, what are your investment goals? What are you hoping to get out of investing your $150,000? Think future.

You mentioned multifamily - have you thought about purchasing a small 2-6 unit property and living in one of the units. You basically get free living, some additional income and you may get equity from the property, long-term.

There are many ways.. but you need to find out what your goals are and what areas you feel comfortable investing in. 

Thanks @Mark Bensadon!! I didn't think of that. I will look into that.

Hello Everyone,

Does anyone know how to get a list of commercial properties that have satisfied mortgages, i.e, the owner owns the properties free and clear? I was told by the appraisal office that they didn't have the information for that.

Thank for the help!

Dessiree Fermin

Thank you everyone! Yes, I am looking forward to sharing my experiences. It has been an interesting transition from residential to multifamily. Thank you for the welcome and information. 

@Ashley St. Gelais Hi Ashley, I'm open to two type of partnerships - joint ventures and private investors. Of course depending on the deal, we look for particulars based on the deal. We have joint ventured in which we shared duties in making the deal work and the other partnerships are with private investors that invest in our deals. 

Depending on the deal, we decide what type of partnership is needed. Hope that makes sense. 

Hello Everyone,

I recently joined bigger pockets to receive more insight about real estate investing from other peers and also in hopes to help some others with my experience. I have been investing in real estate for almost three years and own a business with my partner who has over five years of experience in real estate. 

We have done rehabs, wholesale, flips and buy & holds in residential. For the past year, we have been slowly moving out of residential to focus in multifamily properties. In the past year, we have been able to joint venture with another investor in a 48 unit property and currently, we are working on closing a 24 unit complex by ourselves. We look to joint venture with other investors on properties or private investors who are wanting to partner.

If you have an email list or know of a property, please feel free to contact me for my information.  

Look forward to speaking with some of you soon in the forum!!

Dessiree Fermin

Hello @Igor Muguruza

I have heard of them myself and would agree with @Attila Vad. You would have to be ready to pay a price to work with them depending on their business model. In addition, if I were you I would get acquainted with the Jacksonville market, if you have not already done so. I have seen many beautiful pictures and promises come through online, only to see a completely different property and area when I go to visit the property. It's important to know the category of areas the properties are located in to ensure you can rent properties for what they are stating and for your exit strategy in the future with the property if you are to resell it at a later time.

I myself have looked into the Jacksonville market since I am also located in Orlando, FL and have been there to see a few multifamily properties.  I would recommend calling a property management company or realtor in Jacksonville to ask questions about the market and areas to invest in. Jacksonville is a growing market so it's a great opportunity but again I would make sure to do your homework and be familiar with the Jacksonville market because many realtors and property managers told me to not invest my money in certain areas because of my exit strategy.

Good luck! Even if it's with this company or not, I think you should pull the trigger. You can only learn by doing in this industry and trust me, no matter how much experience you have you may still make mistakes so don't focus too much on it. Go to a local REIA and try to find a experienced investor to partner on some deals if it makes you feel better. Thats' how I got into my first multifamily deal.