All Forum Posts by: Pedro Garcia

Agreed, I see what looks like great remote deals, but I struggle with the idea. 

I have seen a couple of deals that I have considered buying. However working with HM lenders is rather unnerving from the added costs. I understand if you want money fast it will cost a premium on the borrowing. However, the added points, fees, rates, and prepayment penalties add up. 

Another thing has become apparent with locations like Miami, Ft. Lauderdale. When looking for ugly houses you are limited to more rundown neighborhoods which are much older homes in older neighborhoods. As newer homes are built they usually are accompanied by stricter city codes, or HOAs that enforce upkeep. This reduces the possibilities of homes going into the "abandoned look" state. This is not to say that there aren't motivated sellers which situations that an REI can resolve for them.

Hello All,

I am intrigued by the "art" of wholesaling and I am drawn to it, by reading, listening to all the strategies that I hear. It seems like a lot of work, but it is rewarded by a great level of satisfaction when it comes through. I understand it takes a lot of work which equals time. I have solid W2 income and no debt. Additionally I have saved capital to pay a down payment or two, or three depending on the amount and rehab, or leverage into a loan. The issue is that my W2 takes time, in a career that I like, but I would like to dive further into REI. I question if I am better of attempting Wholesaling , or if it just makes better dollar sense to find a good deal as a buyer and Rehab and Flip, or BRRR. Any opinions are appreciated.

Interesting how some areas are affected. Have not seen cooling off in South Florida. Miami / Ft.Laud area.

Hello BP,

I am looking to do some research on the ABNB markets near me and came across AirDNA. It looks like a very robust solution, however are there any alternate sites used by some of the investors in this group? I know I have a trail period, but looking to dab into being to look at the whole state. 

Great Information. Thank you all. It really depends on the situation. 

Hello,

I am sure there are a number of people having great success with single bathroom homes. However, I often see very attractive deals but they are 3,1 or 2,1. I am starting to think that multiple bedrooms with a single bathroom are not as attractive to renters and buyers. I suppose that my question is that it seems that these deals seem a lot less desirable than 2 bathroom homes for rentals and flips. Would my assumption be correct? Thank You

Hello,

I am a busy IT Director for a local company looking to increase my REI activity and portfolio. I used to have a rental property for a number of years, and I am excited to seek more opportunities to be involved with REI. Looking to connect with like-minded people in the area, and further build my network.

Thank you.