All Forum Posts by: Tyler Piciullo

Hi guys. I am a successful Realtor for the past 8 years and decided that it's time to hop into the investing space for my first investments. After learning the basics and analyzing properties (mostly single family) here in South Florida...here is the conclusion I have come to..

1. Everyone and their mom who owns a piece of Real Estate is saying (go find a property than you can fix up and rent out etc..)

- Well, with almost 8% interest rates, there isn't any solid cash flow in doing that (I am seeing negative or 5% or less COC)...also that deal that you want to buy already has 3 investors looking at it (Off market) all willing to overpay for it.

2. Go put 3.5% down and house hack. 

-Well...the duplex in the safe area goes for 600K+ and needs another 80K worth of work and at 3.5% it's literally much much cheaper to rent do to the insane insurance costs of Florida, high property taxes, and high interest rate etc...

3. Go find a deal that makes sense...

-Well the deal you think you found under 400K more than likely needs a 100K+ renovation...if not then the house is in a dangerous area. Also, everyone seems to be ignoring numbers and just overpaying for Real Estate. P.S. I just lost out on a deal with an investor overpaying 50K which made 0 sense.  (Off Market)

ALL IN ALL. Here's my dilemma.

1. Am I finding these crazy issues with Real Estate Investing right now because I am in South Florida?

2. Should I be looking in other markets and these issues will not be nearly as bad?

3. Is now just a bad time to buy Real Estate?

Sorry for 'ranting' but I am more here to voice my concern and to hopefully hear from a few veterans who know better than I do and have been through tough times...

P.S. I have capital. I am just having trouble deploying it.

 Manually D4D,

 Got it, thanks. What are your ways you work a list?

I never thought of it that way. Good thinking 

Perfect. The mail honestly sounds the best. I wouldn’t feel comfortable knocking in the areas I’m d4d!

Hey BP! Newer Investor here. Big cold caller for my R.E. business. 

Question: For D4D, my current approach is to gather the addresses, skip trace the addresses, then call the addresses. My question is, on a triple line dialer, sifting through 1,000 leads can be done pretty quickly. After I called the list should I leave it at that and move on to creating a whole new list? Or should I try to hit the list with mailers and "work the list more"

THANKS ALL