All Forum Posts by: Mitchell Jaworski

There are many good meetups in South Florida.  The South Florida Multifamily and More group meets up in Delray at Bru's the 3rd Wednesday of each month at 7pm (can find it on FB) and there is a 1pm meetup the 2nd Saturday at Gizzi's coffee in Delray with a group of us investors at 1pm (coffee with investors in delray beach thread on BP).   Happy Networking man!

@Joe Villeneuve absolutely love that explanation and analogy.  Of late I'm always telling the people I work with, in this current market you need to be in sniper mode.  The days of just throwing a bunch up on the wall and seeing what sticks have long passed.

@Gina Klein not sure if there is really a short cut.  There are some cool apps out there that help like propstream, etc. but in the end some good old fashioned research is where it's at.   city-data is good for population and crime info.

@Shulammite Ng I'm curious on what landed you on Miami and Palm Beach when it came to your FL research?  I'm being completely genuine with this question.  I live in the area and am only looking in the northern half of FL as the price to rents here in south fl are very difficult, its not to say deals can't be found, but it is an uphill battle.  The rental demand is indeed strong though.

@Cade Larabee for inspection TDH Home Inspections, Tim is good and thorough.

@Wayne Brooks great suggestion with Richard Carey, didn't know you worked with him.  He's a friend and solid dude.

@Alex Kovalenko with only looking at the pictures you posted. I'd say its "cheap" because that is a manufactured home in a 55+ community. I have family friends in Venice that live in something that looks just like that. As for if something can be airBnB'd or not check the HOA rules as most of what you posted about is in what looks like HOA communities. Agents can look it up if it does not tell you in the listings.

@Mary Gansallo @Michael Jablon we kick of at 1pm every 2nd Saturday of the month.

@Jansy Monegro there are some great meetups and mentorship groups out there.  The coffee with investors meetup we are doing online for now, it is the 2nd Saturday every month.  Here is the zoom link: https://us02web.zoom.us/j/8718...   I'll msg you other resources.

You definitely have several options.  You can use the 200K as down payments on a few homes/condos or you can go after a multi valued up to $1 million (assuming you can get financing) and there is also the option of investing the funds into a syndication deal, which would be the most passive of the bunch.

In the end it comes down to which offer the best cash on cash for your time and effort spent.

Also, the area in FL you are in will play a big factor.  Prices in Miami are different than Tampa, for instance.

It is very interesting that this question keeps coming up.  Let most have likely said, if you buy right it really doesn't matter what market we are in.

As for a market correction, here's the rub.  In order for their to be a correction we need a dynamic shift in the supply/demand dynamic.  Given that forbearance and foreclosure moratoriums are literally preventing a key source of inventory from hitting the market this year I don't know how supply becomes an issue.

Also, judicial states take so long to foreclose it will be two years before we likely see a wave of foreclosures on those states.  I wrote a post about this on my BP member blog.

I'm mainly focused on small residential in my words above.

@Richard Miller I have been investing in rentals in PBC since 2014.  My only regret is that I sold two of them over the past two years.  I will need quite the pullback in the market to purchase at the prices I acquired them.  Anything I could try and buy now won't cash flow nearly as well. I've been investing out of state the past two years.

If you want experience managing a rental, you could use this condo as your guinea pig to get the experience over the next 2-3 years and then sell the property to avoid capital gains.  Must live in it 2 out of last five, so you have a few years to work with.  Or just keep it and refinance out to free up some $$$ a couple years from now.