All Forum Posts by: Carlos Rodrigues

1. Contributions to Success: I believe asking questions and seeking advice has been pivotal in my success. Constantly learning from industry experts and staying open to diverse viewpoints has truly propelled my journey forward.

2. Changes if I Started Over: If I were to redo my journey, I'd prioritize continuous learning and networking. There was a phase where I became overly focused on the day-to-day operations, neglecting to connect with new people or maintain existing connections. It was more about being in the business rather than working on its growth. Though it might have been a necessary phase for learning, I've realized the importance of staying connected with like-minded individuals for mutual growth and support.

3. Partnerships: Absolutely, partnerships have been part of my journey. While they've facilitated growth, I've also faced challenges due to dishonesty in some instances. Now, I approach partnerships with caution, ensuring shared values and honesty from potential collaborators before committing.

Hey everyone! 👋

I'm thrilled to be part of this incredible community. My journey into real estate started back in 2017 when I stumbled upon BiggerPockets. Their podcasts were my gateway to self-education, and I devoured their recommended books, diving headfirst into the world of property investment.

Fast forward to 2018, I made a bold move by overpaying for my first multifamily property for $274k, put in $30k for renovations, and today, in January 2024, it's valued at a whopping $650k. Alongside this success, I obtained my real estate license and have since sold close to 100 properties. But that's not all—my ventures have spanned from basic renovations to large-scale projects like new constructions, multifamily holdings, land redevelopments, and even successful wholesale deals.

Tracking my progress, I've flipped nearly $9.5 million in real estate value, raking in around $1.4 million in profits and over $100k in wholesale fees. Currently, I'm proud to manage a real estate portfolio worth over $6.3 million, boasting approximately $2.3 million in equity.

My journey hasn't been without its hurdles—I've encountered costly mistakes and faced losses, but my determination to succeed and focus on the end goal persisted. In the midst of this, I also started a family and welcomed a baby girl into my life.

Now, I'm here to connect with more incredible individuals, forge meaningful partnerships, and seek out new opportunities. I'm eager to continue learning, diving into better deals, and exploring possibilities to collaborate with like-minded visionaries. Cheers to the future and all the exciting ventures ahead! 🏠✨

Good evening Biggerpockets!

I'm seeking help to pull out money from a few properties I own.

1)

Theres no mortgage on this one property and both units are fully rented out.

I want to take out as much as I can with a HELOC. But from what I hear I can't take out a HELOC because they need to be in 2nd position. The reason I want a HELOC is because I want I want to pull money only when I need it and not have to pay a mortgage when I'm not using the funds.

-What program is there that could work for this situation?

2)

Another much smaller property I own has no mortgage aand I'd like to do the same as property one.

3)

Another property I have has a older FHA loan with a balance but has about $150k in equity /or less then 80% is owed. I'm no longer at this property and both units are fully rented out, and still cash flowing. I want to remove the MIP that is still on the mortgage, and possibly take out some money too via HELOC.

Goals

I want to reinvest my money in more multis and flips but need to pull cash out.

Looking for HELOC or something similar where I pay if I use it, much like a credit card.

I just want to have an option to take money out.

Yes I will shop around for rates and term as well as who can get me 80%+ LTV.

Also are there any programs where I can get a business or personal line of credit? No HML please.

If you're a Lender email, message me or comment below.

Thank you kindly.

Hello all, I'm trying to take in a new types of leads which is searching for a tax delinquent list.  Are there any website or platforms that can help me get these leads.  Looking in New Jersey, mainly Union and Hudson County.  Thank you kindly.

1301 West Camplain Road Manville NJ

2 Family Property

Current 5 Beds | 2 Baths

Proposed 6 Beds | 2 Baths

1 Garage

2 Driveway

Asking $170k

Repairs $60k

ARV $325k

Great investor opportunity.

Property is vacant and all cleaned out ready for repairs.

Property is being sold as is condition.

http://1625895.cultureestate.com/property/38-3470140-1301-W-Camplain-Rd-Manville-Boro-NJ-08835

Investors Dream!!!

524 E 2ND AVE ROSELLE BORO, NJ

REDUCED BY $110,000

Commercial Building Has 2 Stores (1 Restaurant & 1 Butcher Shop) + 2 Apartments On The 2nd Level.
Property Is In Beautiful Condition!!!

Rent Roll

$1,900

$1,800

$1,200

4th owner occupied

Cap rate at 17%

CASH BUYERS ONLY

TO SEE THE PROPERTY SEND PROOF OF FUNDS

EMAIL ONLY!!!! [email protected]

Additional Information

WILL CONCIDER PARTNERING UP!!!

I HAVE ADDITIONAL DEALS AS WELL!!!

I have a scenario and I'm trying to figure out what is best.

If you have a property under a LLC with no mortgage and liens could you get a HELOC loan?

Or should we transfer that property under to a name so we can get a HELOC loan?

I heard its hard to get a HELOC loan when the property is under a LLC.

I also heard the interest rates is lower if its under someones name.

If we have to switch the property to a name how can I do so?

Thank you kindly.

Good day.

I have one property with about $125k in equity. I want to pull some of that equity out but have a 1099 job (real estate agent).  I've held this position full-time for about a year and another year part time.  But my tax returns don't show much of a profit on my first year.  I was wondering if anyone knows how I can pull some of that equity out so I can use it.

Located in Union County NJ.

Thank you kindly in advance.

Hello I am Selling 33 units (rooming houses) in Elizabeth NJ.

The entire buildings were rebuild from the studs up, all plumbing, electric & mechanicals are new. At last count there were 8 vacancies but the management company is processing applications for these units as we speak.

Building 1- 10 units, 1 storage unit (can also be rented), 1 kitchen, 2.1 baths

Building 2- 13 units, 2 storage (can also be rented), 2 kitchens (only 1 has stove), 4.2 baths

Building 3- 10 units, 1 kitchen, 3 baths

There are 20 parking space which are rented for $50 a piece

Asking $1.5 Million

If you're interested email me only. 

If you'd like to partner up email me only.

Thank you kindly.

Need additional inventory? My Broker and I have a few off market deals! We can also help you Sell your flips as well. Email me at [email protected] #unioncounty