All Forum Posts by: Ivy Sanmiguel

@Jonathan New I agree. Thank you for your input. Every deal is different for each investor depending on their strategy, experience and resources. In this case, I will pass; I'd rather focus on better rated areas in my first deals and then see if slum lording would actually fit my profile.

This particular deal called my attention to analyze, but I'm more focused on flipping and BRRRR in other areas in Florida.

Thanks!

@Nicholas White Thanks for the help and the input. Really good points to take into consideration. Some of these points (1, 3 & 5) are covered in the details of the deal: Not CBS, roof in good condition (5+ yrs), wood exterior would need some repairs in short time, electric OK, plumbing would need repair. As for financing: I only put standard data, rates should be better for a 50-55% down payment.

Renter has been in place since Feb 2018 and lease is over 03/31/2019.. I assumed a 5% vacancy rate.

4. I do not have the T-12 info, I could potentially ask for it but I'm inclined to pass from this deal.

As @Larry Fried and @Jack Bobeck said, the area has a lot of crime and it's very possible that I may have very difficult tenants. Other Section 8 areas may be better for investing.

Thank you all for your comments. They are very useful and help me see other variables to analyze besides the numbers.

@Yasuha J. Dorce - Hello and thanks. I'm looking to start in Florida - preferably Broward County, Boca, Pompano, Palm Beach, Sunrise or Tamarac, but always open to other opportunities. 

And I could also be able to work on a deal in Atlanta if there was a good opportunity.

Looking for single family, flip or brrrr.

Let's connect and talk. 

@Nicholas White - I'm looking for a Single Family and to be on top of all the processes of the deal; learning everything hands-on until I feel more comfortable and move to multi family rentals.

And about Atlanta, definitely very attractive market. Where you looking through an agent, wholesaler or using any sort of lead generation?

Thanks!

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Hello, would you please advice about this deal?  Additional information:

- I'm a FL resident so going to see the actual property is possible.

- It would be my first deal.

- It's a turnkey property.

Thanks for your input!

@Brian Garrett thanks! Yes, that’s what I’ve been seeing when looking for BRRRR here in FL, but there are still opportunities for Flipping. Another market I’d be interested in is Georgia (Atlanta, mainly).

Hello, Looking to connect with investors and licensed real estate agents with or without experience in the Florida market. I’m located in Broward county and would like to start investing in state. Starting strategies: Flipping or BRRRR. The goal is to build a team to grow our real estate investing to the next level. Committed 100%, Honest, Loyal and Coachable. Let’s connect! Orestes R.