All Forum Posts by: George Flores

My son and I attended one of Richards live webinars a few months ago when my son had stumbled across one of his posts on Instagram from a friend sharing it with him. We're also from the south Florida area, so it's nice to see someone who's familiar with our market show how they made something of themselves for him and his family and be able to travel the world.

We've reached out and spoken with him a few times for his free guides and resources on instagram, he's been very kind and responsive, we are excited and looking to enroll in his 5 day real estate masterclass coming up in January

1 Vote

There are so many factors to consider when looking to purchase an investment property for the first time.

What should be my highest priorities in what I should be looking for?

Is right now a good time to buy?

5 Votes

Orlando, Florida

Not sure if I am doing this right since it's my first post on here, but I am just starting out and looking to invest in a deal with my son here in South Florida.

I've been told Apartments, Condos and pretty much anything with a HOA fee associated is not the ideal move.

I already have a primary, this is really more for investment. Should I have my son "house hack" and have others pay their portion of the rent to pay off the mortgage?

Any ideas or advice would be appreciated!

3 Votes

Miami, Florida

I've been seeing a lot around this sentiment online lately, do we really think it to be true??

0 Votes

Hey EZ, I'm curious to know why the big leap to Cleveland from Arizona. Are you seeing good deals in Cleveland that are worth commuting that far for?

I'm in South Florida and I'm even hesitant on looking for deals upstate cause I don't have a team thats local to those areas

0 Votes

Quote from @Jay Hinrichs:

I am going to be the voice of caution on section 8.. especially low value low priced section 8.. those are in the roughest neighborhoods in America.. there is very little change of appreciation unless rents rocket up and section 8 is pretty stable. also your tenant base is very tough on the homes so your going to have far more annual maintenance on these than buying a much better class of property. Every city has section 8. some of my clients specialize in it in Baltimore and those rates are some of the highest in the US and rent to price ratio is very high.. If your going to go into sectin 8 investing it has to be for the long term and you have to continue to grow it. Just owning few is not going to do much for you.. your better off buying in much better locations of the city or in areas that you have a very good idea your going to see appreciation.. U want to buy where you have two exits ONE to a landlord and TWO to a home owner.. if your buying 50k section 8s there are NO homeowners and if you have a bad experience which many do you have zero exit your will be selling to guys like Bob who are pro's are will low ball you or wholesalers.. CAUTION

I appreciate your take and the caution, I've been questioning this strategy for some time now in getting started

0 Votes

All Forum Posts by: George Flores

George Flores has started 3 posts and replied 7 times.

Post: Is seller financing or wholesaling still viable options?

Post: Anyone done mentorship bootcamp offered by Richard Garcia? Any reviews/feedback?

Post: Analysis Paralysis is Real

Post: Best strategy for a first timer investing in South Florida?

Post: Are we the last generation of landlord ?

Post: Out of state investing

Post: How would you use 300k to start investing in real estate?