All Forum Posts by: Dorian Weber

So rental prices I dont see going anywhere any time soon In South Florida - I would have personally kept the property I gave in the above example had I of not done a group fund for the flip and needed to pay back investors 8-10% on their money (hence selling it). All in it was $188k (say $190k ) and would rent for $1800-1850- My payment including HOA with 20% was like $1400 so I would have been taking $400 out

Putting 20% will certainly help with the monthly payment and with historic low interest rates it will defo put you in a good position

If you get a good enough price on the property the HOA doesnt necessary need to be a bad thing as it covers roof, exterior maintenance, landscaping (all of which would require more in insurance premiums, paying a landscaper etc)

Bradley above seems to know his stuff, if you are looking in the Miami area he might be the person to work with. If you are hading north (palm beach county) let me know and I can help out. 

South Florida Realtor here (palm beach county) - Most of the apartments wont qualify for a first time home buyers / FHA situ and you will have to go conventional.

Also the reserves might not be there for a low DP either.

The deals unless you find an absolute gem just aren't here.

a current property I have - 15 via de casas sur, unit 104, Boynton Beach - currently selling that after a rehab

bought for $145k - totally in it for $190k - should sell for 210k (and would rent for 1800-1850 but has a $370HOA) the opportunities are here in South Florida but not often with a condo or townhome as the HOA's kill the return.

Im a real estate agent in Florida and from an access to the MLS it is solid plus if you find a deal yourself you can be the agent and make the commission which will more than cover the cost of the test/yearly fees

Dont expect to make money from it as a realtor unless you have a bunch of family that will use you. Takes around 3+ years to even remotely start building a business unless you luck out. Average house price is 350k where I am and my first year as an agent I did 3.2mil which is more than 95% plus of agents in their first year do and I still didn't even make that much money after everyone took their cut etc. Second year was a struggle. 

Must appreciated, my issue is that I would be using a mortgage loan (50k dp and 200 loan) so auctions dont really seem interested in that. 

Probably should have been more clear with that. My mistake

I shall defo keep in touch for certain, cheers :0)

You are a stud, thank you

HI, 

I own one property in South Florida, have a decent income (120k a year) plus do a few real estate transactions on the side (have a license and MLS access down here) and invest in a few flip projects a year that return around 11-14%

Looking to start my rental empire, I was looking into Kansas City and using a property management company like Usreeb or making the 90min drive to Orlando to purchase a property as the homes in South Florida are just way to highly priced for a good return. Multifamily homes or SFH with no HOA are what I am looking for in the $250k and under bracket

All the best fellow investors