All Forum Posts by: Ivy Sanmiguel

Investment Info:

Condo buy & hold investment.

Purchase price: $160,000

Nice condo in Tamarac Fl, 1 bedroom, 1.5 bath, bought it with great tenants. Unit has lake view, tile floors and recently painted. Building with no assessment, 40 year certification approved.

What made you interested in investing in this type of deal?

Looking for an investment with a partner, good price, potential and also no rental restrictions.

How did you find this deal and how did you negotiate it?

Cash deal

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the Real Estate Agent.

Investment Info:

Condo buy & hold investment.

Purchase price: $225,000
Cash invested: $1,500

Unit on Biscayne Bay, 1 Bedroom, 1 bathroom, waterfront pool, lap pool with a jacuzzi, fitness center with steam room, lush landscaping, and on-site management. One assigned parking space with plenty of guest parking.

What made you interested in investing in this type of deal?

Live in the same building, saw great potential due to current migration patterns.

How did you find this deal and how did you negotiate it?

Cash deal.

Lessons learned? Challenges?

Tenant occupied since first day on the market . Currently rented for $2,300.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the Real Estate Agent.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $20,000

Buy & Hold this house in 2018 in Hollywood FL. We currently have a tenant paying $2,800.00

What made you interested in investing in this type of deal?

Bought with a friend, we liked the neighborhood, thought that was very upcoming and today the house has very good equity.

How did you find this deal and how did you negotiate it?

I found it on the MLS.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

We did changed the AC & the kitchen.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the Real Estate Agent.

Hello Michael, sending you a direct message regarding your post. Best.

Hi @Derek G., we can chat on PM on more details of what you're looking for in LPs for investing. We usually also raise equity capital through our network of investors (mostly from LATAM), but definitely looking forward to meet potential LPs in the process for bigger projects. 

Best

Ivy

Hi @Idan Shkedy , do you already have the lot or are you still looking? We work with a solid GC for our projects of fix and flip and development; currently looking to develop around Cape Coral, FL. 

Let's connect through PM, I'll send you a request.

Ivy

@Paulo Barreto it all depends on what your investing goal and your strategy is. ALWAYS run your numbers, comps, perform due diligence, visit the property (if possible) and/or look at the neighborhoods, actually  talk to neighbors, look for what zoning allows in the area, open citations, violations, etc. 

It could also be a good idea - as a 1st time investor - to network with like-minded individuals that have already been doing what you're looking to do, and others that are starting just like you are.

Run your numbers, define your parameters and stay disciplined with your own rules and don't break them. There will always be noise around you pushing the sale or the deal.

Let's connect, I have clients that could be a potential match for you in a JV and definitely good people to know.

Best!

Nice! Possibly attending the next one if I'm in town!

Hey @Gabriel Starms , @Rebecca Bradley ! We're always looking for opportunities in South FL; Broward, Miami-Dade, WPB... anywhere were we can find opportunities in this market where many properties seem overpriced. Let's connect and chat. You can send me a DM with your contact info to add me to your investor's list. Thanks!

Hi @Shawn Gresham! Let's connect through DM so I can understand a bit more of what you actually need to do. We have good reliable people that we're always working with. :)