My 10 year goal is to build at least $20,000 a month in passive income in order achieve some financial freedom, but I also see real estate investing as my true passion post military.

This makes the BRRRR strategy a bit more difficult to pencil because the same leverage cannot always be achieved (with some exceptions of course).

Do you need unique checks and balances in your away market so someone is representing your interests in the away market--yes.Slow and steady wins the race.  

Despite the challenges of managing a tight budget, we successfully transformed the property and achieved a profitable outcome.

For instance, one property in a tourist hotspot like Miami Beach and another in an urban center like Downtown could offer a balanced portfolio.

There's been so much interest in real estate investing and the success stories on podcasts and in books - most of which were achieved over the last decade - give people the real estate "bug" and they often over pay either because they don't know how to run the numbers or because they're just so anxious to get in.

Thank you for reading this and helping me achieve my kids' goals.

We purchased the property for $190,000 and sold it the same day for $250,000, achieving a significant return on investment.

I reviewed a handful of additional calls and came to the realization that we have some work to do on our end.Our ultimate goal is to identify folks out there who have what it takes to be a success in the land development industry and help them achieve their goals.

Official data of June 2024, Miami Dade County overall (Single Family + Condo + Townhouse + Apt) is a Balanced market now.