Quote from @Jason Baker: After leaving the real estate market in 2024 and bringing in the new year of 2025, what are the best updated strategies/approaches to be a successful wholesaler in the Miami Market?  

This is a thoughtful and intriguing opportunity, and it’s great to see you approaching it with an ethical mindset.

When it comes to assessing maintenance costs, one of the best approaches is to request itemized breakdowns for larger repairs.

I did find this deal driving driving for dollars, the realtor of the property was adding his sign in the front yard, I approached to make and offer. we close in 3 weeks.

It will be an identical home to the one I’m currently building, and I expect to need no more than $160K in financing.I’m not looking to overextend myself by taking on too much debt, but I want to make sure I’m approaching this in the right way. 

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

Residential property rental: Could this be a scalable and profitable approach, or is it too risky?

If so, how did you approach it initially?

I am new to creative financing and don’t exactly know the ins and outs of what would be the best way to approach this.

I would think you should approach some local banks and see how they will handle your situation.