All Forum Posts by: Luis Maqueira

Jason, 

wholesaling is a business, do it right and you can make Thousands and also he is around you.

But it is not just an "opportunity to get started as an introduction."

You need to polish your skills, bigger pockets is a great place to start... find a local wholesaler you can work for/with and he will guide you.  if he doesn't train you, you don't make money and he makes less. 

Good Luck, 

Luis Maquiera   Miami Multifamily buyer

Geoff McFarlane: Here’s the Plan

1. Run the Numbers
   • Create a spreadsheet listing all the new income and expenses.
   • The outcome? Positive cash flow, for sure.
2. Cash vs. Assets
   • Ask yourself: Do I want cash that depreciates with inflation and taxes, or do I want to build wealth?
3. Becoming a Landlord
   • Your house appreciating at 5% annually = $25K/year.
   • Your parents' larger house = $30K/year.
4. Financing the Plan
   • Take out a mortgage on your house to buy your parents' house.
   • If their mortgage rate is lower than today’s rates (6.75%), keep their mortgage and assume it.
5. Why It Works
   • Your tenants pay the mortgage—not you.
   • Each monthly payment includes ~$300 toward the principal. That’s like depositing $300 into a savings account every month.
   • Plus, it’s an investment property, so you can depreciate it to save on taxes.
6. More Than $1,500
   • This isn’t just about making $1,500 in rent—it’s about building long-term wealth. Do your homework, think like an investor, and take the first step!

if you need a spread sheet model  message me will send you the one my group use.

Luis Maqueira Miami Multifamily Partners

HELOC: The Best Tool for Smart Investors

• Why It Works:
  • Pay interest only when you use it.
  • Got extra cash? Pay it back into the HELOC and save up to 14% (compared to hard money loans).
  • Need cash again? Just withdraw it—it’s like a checking account.
• The Risks (Depends Who You Ask):
  • A lawyer says everything can go wrong.
  • An insurance agent says the same (so they can charge more).
  • An engineer? Still overanalyzing.
  • A risk-taker might lose your money.

What You Should Do:
Figure out what kind of investor you are. Get knowledge, follow experienced people, and leverage wisely.

My Take:
If you have two houses, excellent credit, and motivation to build wealth, you can learn to manage your money responsibly.

Use HELOC, credit cards, and business credit funding to leverage your cash and buy properties faster. The key to wealth is smart leverage and action.

Luis Maqueira 

I kwow the community,

If you want to learn why, how and when  to  Flip or buy your first rental, they are best. 

If you are a Savy wholesaler and looking for deals,  not the place, is more like the community that produce they deals but they buy it with in the group. 

if you want knowledge data or have a service to offer great group. 

Luis M

Best software in Florida 

REiFax, all the information and tools you will ever need. 

from finding cash buyers, and absentee owners with more than XX% of equity to send offers. 

Any way Message me if you would like to chat to much info to 

Luis Maquiera  

The Takeaway
House hacking has been an adventure. I’ve learned about people, property management, and (most importantly) myself. Is it easy? No. Is it worth it? Absolutely. If you’re thinking about diving in, I say go for it—but maybe don’t start by living in a closet. Unless, of course, you’re into character-building experiences. 🌟

Great no move to Multifamily 

With the same skills you can manage a 1M fourplex

More independence when you grow your family

Start the journey to bill wealth  if you have a 350,000 at 6% your wealth per year 21000

with a 1M  your wealth 60,000 per year  3X

Buy a 350$ houses you need to have good credit great Income personal

Buy a 1M  Multifamily    (my unit 350$ same income)+ 2Unit rent is your income+ 3rd Unit rent is your Income .

Same only that your roommates don't live with you. And yes they pay 60% of your Mortgage.

Open to share ideas any time we have a free network to meet like-minded investors in Miami.

Luis Maqueira 

Local Investor club are very good In USA. 

I am from Uruguay US Market is different than Rio de la Plata. 

There is a meeting tomorrow Tuesday at 7:00 PM at Squadron Restaurant next to Miami Airport. Free and a very good place to network with Real Estate Investors. One of the partners is Argentinian.

Will send you a message. I think we can promote in this posting is only for Real estate questions. 

Luis Maquiera 

MMP

Seller financing is a negotiation and can be anything the two parties agree to. How much will you pay for the property? What loan terms will the seller accept? How much do they want down? Will they amortize your loan for 15 years or 30? Do they want a balloon payment at some point, or will they carry the loan forever? Will they accept pre-payments? 

By Nathan

Well said this is the easy part, and you do the negotiation you put the terms. 

what you need to know is 

At what price I am buying to be able to make money? 

What is my cost to rehab? very very important.  How are you financing the rehab if you don't have capital.?

buying, rehab and re-sale is a business.     It is not just buying a house for rental.  

So measure you risk,  and do it. Is the only way to learn, and look for advice from other fellow Investors.

Luis Maqueria MMP

My friend all it takes is a bad apple. 

if you are asking, you are lucky you have not gone through a bad experience-Evicion. 

Can cost YOU thousands of dollars and headaches.

yes run al person over 18 

Keep it going in

Luis Maqueira MMP

"Attend local investor meetings. Remember, the true mentor is you—it all depends on what you want to achieve and how fast you want to go. I’ve been attending a multifamily meeting for three years now. I see some people doing deals every month, while others are still learning after two years without taking the first step toward real estate investing.

Workshops can be helpful; they give you an overview, but then you're on your own. You could also pay $500 for a mentor who may not know your local market. They can guide you, but ultimately, it's up to you to make things happen."

Luis Maquiera MMP