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All Forum Posts by: Jo Chan

Jo Chan has started 1 posts and replied 6 times.

Post: Want to understand Miami Market ASAP

Jo ChanPosted
  • Miami, FL
  • Posts 7
  • Votes 0

The deals are for the investors, I am just starting out property management, but basically the investors on board are going to let me handle the property management.  On top of that I am looking for wholesale deals I can renovate put a tenant in and sell to my investors. So basically a turnkey company with property management.

Post: Want to understand Miami Market ASAP

Jo ChanPosted
  • Miami, FL
  • Posts 7
  • Votes 0

Hey Josh, believe it or not but these 2 months since I have posted this I have been getting great help from the bp family. I have also started a property management company and I am working with a few BP members who reached out to me. Will have my real estate license soon so the rental will be easier to deal with for the investors. Its simple this is what I need, Looking for fort lauderdale, Hollywood, dania. I am working with wholesalers in that area who is offering me 60 cent out of the dollar listing. 80% of market value if its ARV. Every location has its price, I look at the houses based on cash flow. I then manage these houses. Multifamily is prefered but SFH is ok. send me a pm if you have something for me. I need off market stuff

Post: Want to understand Miami Market ASAP

Jo ChanPosted
  • Miami, FL
  • Posts 7
  • Votes 0

I was living in taiwan and hong Kong

I will def be there 

thanks!

Post: Want to understand Miami Market ASAP

Jo ChanPosted
  • Miami, FL
  • Posts 7
  • Votes 0

Hey Thanks for the information Alex. I will give you a call as you seem to know exactly whats going on in the market

Post: Want to understand Miami Market ASAP

Jo ChanPosted
  • Miami, FL
  • Posts 7
  • Votes 0

Hello Guys, My name is Jo.  I was born and raised in Miami but I have been in and out of the country the last 4-5 years.  I decided to come back for good this time and work on real estate.  The last 5 months I believe I have been in a stage of "Paralysis Analysis", and it is really not getting me anywhere.  Realtors and other small time investors have told me Miami is too expensive so I went north to Fort Lauderdale and the only areas I seemed to like was Victoria park, Las Olas and Wilton Manners but the prices are really high over there too. I have also traveled to Jacksonville and Cape Coral to see the market there and will be driving up to Atlanta next week.  I started from wanting to do a Syndication for an apartment building, to scaling down, to  buy multiple duplexes, then, wholesaling, to then, wanting to do turnkey with property management, and finally, I am getting my realtors license.  My end goal is Multifamily 100+ B, C non warzone APT.  So my question is, if I don't have much money but I have people that trust me with their money what should be the best approach in Miami real estate to get started?

I also want to make as many connections as possible and would love to learn from others  :)