All Forum Posts by: Luis Maqueira

Thank you  I think I'm going to wait for rates to drop and refinance into an LLC using a portfolio or DSCR loan.

Get the Heloc will cost you no money till you use the money. 

Keep you first good interest mortgage I hope you have. 

Look for the deasl,  you will need access to cash for the purchase.  Take if from the heloc. 

Then sit down with real estate lawyer and good accountant.  And a good insurance company. 

Real estate is a team work.... go to local investor meeting and get information and relationship with the parties you will need.

It’s all about who you surround yourself with. I started as a rookie, then became a realtor, then a flipper, and now a multifamily investor.

Go to YouTube—watch Tom Ferry, Mike Ferry, and real estate trainers. See what you would do better if you were starting over. That’s how you learn and find your path.

See the difference—am I advising you or selling you?

Go to local real estate meetups. That’s where you’ll meet people actually doing deals today—not the ones sitting at home watching bad news or "getting ready" for years, hoping one day they’ll finally be ready.

Welcome to BiggerPockets, Ian! Exciting to see you getting into flipping! 

Is simple forget all you know, go to local Investor Meeting meet investor flippers and wholesaler.  Need to learn their language. 

I did your path Realtor, Realtor for investor, Flipping houses with OPM. My investors are my past clients.  

Miami investor club they listed in events section here in bigger pockets. 

Good luck, 

Luis M,

Samar,

That’s a great idea! The best way to start is by surrounding yourself with people who are already doing what you’re trying to do. You learn together. It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.

I went to my first real estate conference in Atlanta in 2005. When we got back, 16 of us formed a group to support each other. In our first year, we completed 10 flips together—and we haven’t stopped since!

Let’s bring people together and make money. I’m in!

Luis Maqueira MMP

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