On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Monday, Wednesday, and Friday.
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Ep. 192 Daniel Jaramillo: South Florida Market
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Manage episode 247334562 series 2391190
Content provided by Eric Odum, Steven Silverman, Eric Odum, and Steven Silverman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eric Odum, Steven Silverman, Eric Odum, and Steven Silverman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, our guest Daniel Jaramillo gives us his take on the South Florida market. The low caps are making finding deals more difficult, but they are out there. And although prices remain about the same, it is taking longer to make deals. Also, the South Florida market is changing, and suddenly it is making sense to do construction again. Daniel has an interesting perspective since he deals not only with domestic investors, but also with both foreign investors, particularly from South America. Some of his advice for foreign investors (and domestic investors) is to do your due diligence before spending money on investments, especially if you aren't familiar with the area. And, don't make the mistake of thinking you don't need property management just because you are buying condos and think that is less of a risk. Also, when you're first starting out, sometimes the best way to get a deal done is to partner with someone. Key Discussion Points [05:05] How did you get started in real estate? [08:16] Overview of the Miami Market [11:26] For multifamily, what types of cap rates are investors looking for in South Florida [14:54] What mistakes are investors making with regard to property management? [18:17] What are some of the data points you look for that convince you this might be a deal to consider further [23:09] Discussion about syndication and the best way for people to get started with it [35:55] Are the low cap rates creating opportunities for construction? [38:21] Opportunity Zones [42:19] Eric & Steven's concluding remarks
…
continue reading
272 episodes
MP3•Episode home
Manage episode 247334562 series 2391190
Content provided by Eric Odum, Steven Silverman, Eric Odum, and Steven Silverman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eric Odum, Steven Silverman, Eric Odum, and Steven Silverman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, our guest Daniel Jaramillo gives us his take on the South Florida market. The low caps are making finding deals more difficult, but they are out there. And although prices remain about the same, it is taking longer to make deals. Also, the South Florida market is changing, and suddenly it is making sense to do construction again. Daniel has an interesting perspective since he deals not only with domestic investors, but also with both foreign investors, particularly from South America. Some of his advice for foreign investors (and domestic investors) is to do your due diligence before spending money on investments, especially if you aren't familiar with the area. And, don't make the mistake of thinking you don't need property management just because you are buying condos and think that is less of a risk. Also, when you're first starting out, sometimes the best way to get a deal done is to partner with someone. Key Discussion Points [05:05] How did you get started in real estate? [08:16] Overview of the Miami Market [11:26] For multifamily, what types of cap rates are investors looking for in South Florida [14:54] What mistakes are investors making with regard to property management? [18:17] What are some of the data points you look for that convince you this might be a deal to consider further [23:09] Discussion about syndication and the best way for people to get started with it [35:55] Are the low cap rates creating opportunities for construction? [38:21] Opportunity Zones [42:19] Eric & Steven's concluding remarks
…
continue reading
272 episodes
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