I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

When I purchased my property, I had read all the exciting developments in the works...indoor waterpark, shops, new hotels, restaurants, etc., but was severely disappointed when I went recently with my family. 

Developing strong financial and business acumen is also crucial for success as an investor, so that’s another area where you could focus your efforts if getting a license doesn’t align with your plans.I’m here as a resource—feel free to reach out if there’s anything I can do to help!

These initiatives exist in both Italy and Spain but are not meant to compete with developed areas like the Costa del Sol.That said, it’s important to note that I know the Costa del Sol very well, as my parents are from the region.

To be successful in Miami, you would need to have some serious capital to compete with the groundswell of experienced investors and developers.

Also, keeping an eye on zoning changes or upcoming developments can help you get ahead of the curve.Would love to hear more about your experiences too—what areas are you currently focusing on?

So I would encourage you to adjust your expectations starting out and develop the discipline of saving money so that every month your net worth is higher than the month before.

Getting Fair deals on labor and repairs comes from developing win/win relationships with contractors.

Real estate wealth is built through long term price appreciation, property becomes (usually) more valuable over time, especially if purchased in areas that have either gone through development or redevelopment.  

Incensed deal flow by developing a large list of contacts of commercial mortgage brokers using LinkedIn.