All Forum Posts by: Santiago Ortega

Hello! My name is Santiago Ortega, I just graduated from school and I want to get into wholesaling, I’m almost done getting my real estate license so I have some knowledge on real estate in general. I’m wondering if anyone has any recommendations for where to find quality info in wholesaling? Any good YouTube channels, forums, etc…

Thank you!
thank you!!!!

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Anyone has any tips on how to properly analyze a property online? I’m finding very hard to estimate all the rehab costs

thank you!

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Hello Kyle,

Thank you so much for the advice, it really helps!

Originally posted by @Kyle Funnell:

Hello @Santiago Ortega,

I am an investor and realtor in Palm Beach County. West Palm Beach is a very attractive market right now. However, much like the rest of the country, the market is very competitive and margins are getting tighter and tighter (especially in the fix and flip market). You should expect to be in competition with many buyers regardless of what type you are looking for.

I would recommend SFH or Condo. However, SFH is very competitive. You will be able to find one but you will have to do some competing. Also not sure on your financing, but many of the buyers I have buying in West Palm are up against cash offers with $50k over asking. I always recommend looking at long term listings first as they may be less competitive. (Only downside is if they are on the market for over 30 days, they are overpriced or something is wrong with them) Condo is probably your best bet but you have to be mindful of Condo Maintenance fees as they could get very high quickly. (with some in the $1000's/month). Also make sure to ask when construction hours are as many condos have limited hours you can work on the unit which will ultimately delay your turn around.

I would actually recommend a buy and hold in West Palm Beach because it is being referred to as "Wall Street South." Big corporations are moving their offices to west palm beach, which will give a favorable appreciation. You can already see it in some of the condo buildings in downtown West Palm increasing over 30% in 2021.

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Hello! Anyone has the knowledge of what kind of properties are working good right now in West Palm beach and around?

Multi family, commercial, condos, single families…?

I’m looking for a fix and flip rather than flip and keep

Thank you!

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Originally posted by @John Underwood:

Originally posted by @Santiago Ortega:

Originally posted by @John Underwood:

Instead of arbitrage look for equity partners or owner financing. Get an owner to carry back a 2nd mortgage for the down payment. Wholesale a few house to build up a down payment. Anything but Arbitrage. This just a job, not a beginning to RE investing.

Why do you think arbitrage is such a bad option? As a newly graduated foreigner I have no credit record, no career or anything that will make anyone eager to offer me a loan

Arbitrage is a job like working at Walmart. It is not RE investing.

I want to use rental arbitrage to fund my future RE investments! I don’t have the means to finance or cash buy any properties, that’s why I want to start with arbitrage. But still don’t think it’s a job like working at walmart since you can have a rental arbitrage business fully automated and make passive income!

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Originally posted by @John Underwood:

Why do you think arbitrage is such a bad option? As a newly graduated foreigner I have no credit record, no career or anything that will make anyone eager to offer me a loan

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Hello! My name is Santi and I’m from Spain. I just graduated from school and I’m hoping to start my real estate investment journey in the following months. Specifically in rental arbitrage since have no ability to get any loan or purchase any home on my own. I’m planing to start my business around West Palm Beach area where I just got a job. I’ve been doing a lot of research the past 3 months in real estate investing and short term rentals but I still have questions I can’t seem to find an answer to 😂😂. Everything on the legal requirements on doing rental arbitrage and short term rentals in Florida and Palm beach county, how to fully automate my business and the negotiation process with the landlord. I’m hoping I can get some tips here! I will appreciate a lot any tips you guys can give me since I have no experience!

Thank you!!!!

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All Forum Posts by: Santiago Ortega

Santiago Ortega has started 4 posts and replied 7 times.

Post: WHOLESALING REAL ESTATE INFO

Post: Virtual investing and analyzing deals

Post: WEST PALM BEACH MARKET

Post: WEST PALM BEACH MARKET

Post: I WANT TO START A SHORT TERM RENTAL BUSINESS

Post: I WANT TO START A SHORT TERM RENTAL BUSINESS

Post: I WANT TO START A SHORT TERM RENTAL BUSINESS