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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. \xa0 Daniel has an interesting perspective since he deals not only with domestic investors, but also with both foreign investors, particularly from South America.\xa0 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. \xa0 Key Discussion Points [05:05]\xa0How did you get started in real estate? [08:16]\xa0Overview of the Miami Market [11:26]\xa0For 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]\xa0What are some of the data points you look for that convince you this might be a deal to consider further [23:09]\xa0Discussion about syndication and the best way for people to get started with it [35:55]\xa0Are the low cap rates creating opportunities for construction? [38:21] Opportunity Zones [42:19] Eric & Steven's concluding remarks