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All Forum Posts by: Leonardo Candoza

Leonardo Candoza has started 2 posts and replied 9 times.

I am not a local investor in Florida, I just want to get some perspective of how locals feel about this article I found on Adventures In Capitalism. It's a investment site by a hedge fund manager, and in this post he interviews one of his friends that's a hard money lender in Miami - who sees Miami real estate (especially high end condos) starting to crash quickly.

http://adventuresincapitalism.com/2019/09/25/miami-real-estate-collapse/

I work in commercial real estate but I have yet to invest in my own property (early/mid 20s). Playing the long game here.

Originally posted by @Aaron K.:

@Leonardo Candoza depends on your time horizon for purchasing your own properties but I'd probably either go into a nice mix of ETFs or just a savings account. Because you aren't going to learn much by investing in a REIT.

I think you can learn plenty by investing in REITs, just like you can learn plenty by investing in stocks. I'm just wondering if it's worth the time and if you can earn a decent return from it because you can't get the same leverage that you can with owning your own real estate.

I'm just starting out in my career in commercial real estate (corporate gig) and my pockets aren't fat enough (yet) to start buying my own properties. I want to start investing in REITs but I know REITs come with their own risks.

My questions for the successful investors here is, do you invest in any REITs? Would you recommend a beginner to buy them, and if not what would you recommend for a beginner with less than $10k saved?

      Post: What's your financial freedom #?

      Leonardo CandozaPosted
      • Posts 9
      • Votes 2

      $100,000 per month minimum. Owning my own business and funneling the profits into real estate, never go full retirement but do what I love without excessive worrying every month.

      Post: So what's holding you back?

      Leonardo CandozaPosted
      • Posts 9
      • Votes 2
      Originally posted by @Frank Patalano:
      Originally posted by @Leonardo Candoza:

      Cash, I'm at any uncertain place in my career so I need to get on my feet more before I can invest more.

       If you have time then you can work for others to build experience and possibly cash. You said cash is a weakness for you in Real Estate. What do you consider your strength?

       Knowledge, I work in commercial real estate.

      Not worth the headaches honestly, save your money and buy in a slightly better location.

      Post: Any suggestions for a newbie

      Leonardo CandozaPosted
      • Posts 9
      • Votes 2

      Find another way of getting there. Borrow a car, public transit, etc.

      Post: So what's holding you back?

      Leonardo CandozaPosted
      • Posts 9
      • Votes 2

      Cash, I'm at any uncertain place in my career so I need to get on my feet more before I can invest more.