All Forum Posts by: Frank Trigoso

Hello BP family. 

I have a growing real estate portfolio. I sold two properties and in the process buying one property. Yes, the Miami market is quite challenging. Took me several offers, but I got the one I truly wanted and that makes sense. 

I am actively seeking to do a fix and flip. Anyone who wishes to partner-up/network feel free to message me. 

@Marc W. ugh. You are right. I overlooked it and substituted it for reserves instead. Thank you.

Rental Monthly Income $4,800.00 (8 rooms x 600) ------- 4800 x 12 = $57,600.00

57,600.00

-38,316.00

______________

NOI $19,284.00

19284.00/46,000.00 (down payment) = 41% Cash on Cash Return (CCR)

Thank you very much Mr. Gucciardo. I will now. 

Hello BiggerPockets mates,

My offer was just accepted for a 8 bedroom 2 bathroom house. It was originally a duplex, but additional rooms were added. Yes, 2 bathrooms is not much. I devise to make it a 6 bedroom and 4 bathrooms. My plan is rent out each room. However, what is the best way to successfully have 6 tenants in one home. Open to all feedback. Thank you in advance.  

If your cash on cash is above 10% annually you are good. I shoot for above 12%. 

I will have close to 100k after I sell my apartment and land that I own. I'm not looking to cash out, but to reinvest my money. Possibly do a 1031 exchange. I'm looking for directions so I may branch off of and do research. I have thought's purchasing a multi-family of 6 units or buying three houses. I am in the Miami market, which it's quite hot. I considered flipping a house to build more capital to.Open to feedback and suggestions. Thank you in advance. 

Congratulations! Your deal is inspiring! Happy for you! Smell the roses now then continue with the momentum. Love the rehab to, waw. Amazing

I will purchase many properties but one at a time. Then you could be sophiscated and use the HELOC instead of your own money (leverage) However, I do strongly recommend focus on the monthly cash flow more than on the appreciation. Rentals are stable; whereas, appreciation you have no control of. Purchase properties below fair market value (FMV) so on day one of the purchase you already made an immense of profit on just the equity. Also, please, please.... crunch your numbers before you purchase a property. Don't just take the realtor word you going to obtain a positive cash flow. Find out exactly what's going to be your annual cash-on-cash return. I recommend your cash-on-cash to be more above 14%. Many are happy with 10%. Good luck

What ways will you recommend to use the HELOC? I have 25k available. I am trying to puzzle together different ways to purchase another property by the using HELOC. Do you recommend using the HELOC as a down payment? It even crossed my mind to refinance the property that I used the HELOC on to pay off the HELOC balance. Any feedback will be helpful. I would like to leverage, buy not overly extend myself. Thank you in advance.