All Forum Posts by: Sean Dulcio

Salutations everyone, I am ready to lock on and invest in my first Multifamily deal. I wanted to know which parts of Florida is best to sought out my first deal ? I live in Miami, the market down here is pretty high priced. Any advice would be of value.

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Originally posted by @Lucas Machado:

@Sean Dulcio - As @Brie Schmidt said, it partially depends on your purchasing power...Are you planning to pay all cash? Or do you plan on getting financing through a bank or HML? This will somewhat dictate what kinds of properties you can consider...

You can certainly link up with some realtors and they can show you stuff that's listed on the MLS...But some of the best deals are off-market, and for those you'll either have to either do your own marketing, or buy through a wholesaler. Auctions might also be an option, but again, the "best way" to get a property is going to depend on your purchasing power...If you need bank financing, MLS is probably your best bet...

Thanks for the reply Lucas, I'm currently looking at maybe bank financing or private lending to purchase a multi family

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Originally posted by @Adam Bartomeo:

@Sean Dulcio

If I were starting in today's market I would really look into MF as in my opinion there is a high probability that the market might be over inflated.

I would start with a SFR.

Thanks your reply Adam, I'll take that into consideration. At this point I just want to get started.

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Originally posted by @Account Closed:

Welxome @Sean Dulcio. I live in Miami and will love to help.

Thanks Nick maybe we can meet up sometime and talk, I really have a whole lot of questions I'm skeptical about.

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Thank you for your reply Brie, I'm looking to go local being that it's my first REI move. I want to learn from it then be able to improve my knowledge base.

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Good morning BP, Is it a great idea to purchase an investment property in your name or under an LLC entity ?

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Good morning BP members, I need some help on this decision. I'm looking to make my first rental property purchase in 2016. I live in Miami, Florida and wondering which is the best way for me to purchase a multifamily with great cash flow ?

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Originally posted by @Linval T.:

@Sean Dulcio

Welcome to the vibrant BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

@Steve Vaughan hits the nail on the head with reference to multifamily acquisition and house hacking. I also added the below links for your review.

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/ (guide to buying a duplex)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the Podcasts, #askbp Podcasts, blogs and webinars

Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Thank you linval these links have valuable information, I will start game planning.

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Originally posted by @Daria B.:

hi @Sean Dulcio

Welcome to BP. I echo @Steve Vaughan sentiment on the multi. If I could I would do that myself. I hope you can take advantage of house hacking.

Thank you for the reply Daria, I just don't want to make the wrong move but I'm willing to risk it all.

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Originally posted by @Steve Vaughan:

Welcome @Sean Dulcio! A lot of folks starting out begin by house hacking a plex up to 4-units. They get that sweet owner-occupied, residential financing and rent out the other units. Lots of info on house hacking here on BP!

Thanks for your input Steve I will do my best to get started.

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All Forum Posts by: Sean Dulcio

Sean Dulcio has started 15 posts and replied 41 times.

Post: First time Multifamily property investing

Post: First Rental Property in 2016

Post: First Rental Property in 2016

Post: First Rental Property in 2016

Post: First Rental Property in 2016

Post: Investment home

Post: First Rental Property in 2016

Post: Starting out with Multifamily

Post: Starting out with Multifamily

Post: Starting out with Multifamily