All Forum Posts by: Eunice Villarroel

I purchased a house at the beginning of pandemic in 2020 at a 3.25%  interest rate 30 year. I generate $1500 rental profit. 

I am able to pull out 95k if I refinance at a 5.1% interest rate  30 year amortization which would bring my rental profit to $700/month. I would use the 95k to reinvest into another property just dont have one in mind yet.

is it worth forfeiting a 3.25% interest rate for only 95k that I could get in 4 years of rental profits?

Amazing! And you are only 19! Congratulations 

Books are amazing, podcasts, YouTube everything you can get your hands on but nothing beats real world experience. If I were in your shoes I’d start by connecting with top agents and offering to shadow them in my time off. The right agent will help you connect with investors in your area as well as teach you negotiation skills, how to calculate prices, repair costs and draw up comparables. When you meet an investor you believe you can benefit from offer him/her value in exchange for allowing you to SHADOW them. PLEASE DO NOT JUST APPROACH ONE OF THEM AND SAY “HEY I LOVE REAL ESTATE CAN YOU TEACH ME?” They are very busy people, they don’t have time to sit down and teach you. You learn as you go.

hope this helps :) best wishes

Hi there, congratulations on your journey!

Personal experience has taught me to go at your own pace. Start in whatever branch you feel most comfortable at first but DO NOT LIMIT YOURSELF TO IT. Surround yourself with people in other branches and see how your goals evolve. I started off in buy and hold rental properties. Now I’m very comfortable in that and recently met with some amazing house flippers who invited me to team up and work on a project together. Super excited about that. Another piece of advice is be open to opportunities. I recently ran into a small property located in a wonderful tourist area and everything lined up for me to purchase it. The best use for that smaller property is as a short term rental so I guess that I will be dabbling in that too now.

Real estate is amazing, but don’t overthink it too much otherwise you’ll never jump. Be willling to learn as you go and be open to new opportunities. Once you tackle one branch and gain your footing you’ll find yourself eager to jump to another branch and another branch until you find the one that fits you best but that takes time do not rush it. Best of luck :)

hello friend,

Real Estate Sales Agent and fellow investor here, I live in Miami Florida. Yes, its true that the Miami market is booming right now. According to reports we are receiving close to 950-1000 people moving to Florida PER DAY!  The majority of them coming from New York,  Chicago, California and other high tax states. 

We definitely do not see this slowing down anytime soon. Now to address Little Havana. Little Havana is a very touristy location full of vibrant culture and nearby to downtown. It has cleaned up alot from what it used to be and with the gentrification came in higher market prices. However certain parts of it are still a but dangerous.  Note: Alot of properties around here are old and need some rehabbing but their value is in the location as long as its not on the dangerous areas.  

As a fellow investor myself I'd like to give a bit of advise when it comes to condo's specially as to where short term rentals are concerned. TRY TO STAY AWAY FROM ANYTHING THAT INVOLVES HOA. Unfortunately most condo's do not allow STRs and the ones that do Fine them excessively. I have heard and experienced nightmares with HOAs and tenants imagine with STR. Please be very careful. Note that property purchased with HOA attached can be foreclosed on even if no mortgage is owed. Not saying it can't work, just noting the risk involved.

another piece of advise- try to stay away from Miami Beach. Crime rate has been increasing to the point that not even us locals like going there anymore and to top it all off we recently learned that the city is realizing that sea level rising is in fact a threat and has been implementing new regulations for future construction to prepare for higher sea levels. Older construction will be needing to meet new construction guidelines which would mean sky rocketing hoa costs. 

I commend you for traveling here to see first hand our beautiful city. It's always wise to check out the area here first hand. Good neighborhoods and high crime areas are sometimes separated by a single street/block. Hope this helped

Would be cool to meet you. On a 6 week vacation at the moment (sort of, trying to close on an investment property long distance lol) but would love to meet when I get back 1st or 2 nd week of January. I'm always down to meet up with new investors and network.