All Forum Posts by: Luis Maqueira

If you are new to investing look for local groups, local investors that are already doing it. Many will charge for the services they perform but will be worth it.

A mistake when you pay full cash at the court ... could be expensive.

0 Votes

Miami, Florida

We are a Financial group, specializing in Multifamily and buildings in South Florida. 500k to 37M largest.

From the original partners, one step out is financially free and No longer wants to actively work in the company.

His main Roll was to find Capital. He still can do that because of the past year's performance of the group.

On a 3.4M project that will sell in 4.1M in 2 years. We need 800K capital for downpayment and minor cosmetics changes.

We usually will do 40 % for LP partners' profit split based on a percentage of investment.

He wants an equity split on the profit. from our 60% based on the capital that his network will bring(we will pay LP partners directly from the 40% profits).

But to him what structure is good what can we offer. Help thanks.

0 Votes

Miami, Florida

Quote from @Katherine D. Marin:

Hello everyone, I see that there are not many people from Miami, FL on the forums and events page. I am attending my first networking event hosted by Dade Real Estate Investors Association and would like to spread the word for those in the area. Even if you're not from Miami, this is will be an event held on zoom. I provided the link for those that will like to register.

The topic of discussion will be: "Why you need a lawyer with guest Gustavo de Zendegui Esq"

Hi Katherine,
Gustavo de Zendegui helped me with my first real estate transaction 18 years ago.
Great professional back then and now.
@Luis Maqueira

0 Votes

Miami, Florida

Quote from @Tyler Sanzone:

Looking for some opinions on how much percentage to tap into for a heloc on my primary home. I'm looking to apply for a heloc through PenFed who offer up to 90% LTV. The house is valued around 325k and I owe 170k. The primary reason for the heloc would be to use about 10k for some debt consolidation, and the rest for my first investment property to BRRRR. I'm questioning if it's worth tapping into 90% at a higher interest rate (as low as 4.75% adj) or using a lesser LTV for the lower interest rate (as low at 3.75%) due to the fact I need to use it for debt consolidation as well.

You have the answer how much do you need for your investing and what return are you going to get... if you need the 90% for the leverage you are going to get in the investing get the 90%.

1 Vote

Quote from @Richard Curi:

Hey everyone. Super noob here looking to pursue my real estate investing career and have already started reading more into it. If it’s not too much trouble I’d like some advice on where to start with a home that needs severe rehab. The thing is it’s my fathers house and he can no longer afford the mortgage and wants me to take over to rehab it and put it up for rent. Another thing is that it’s the house I was raised in so the property has some sentimental value and I don’t want to lose it either. Besides the rehabilitation factor would it be wise to take over payments on the home? And would I be financially be burdening myself?

Take over payments is great only if the asset you are getting has the value... simple would you take overpayments of any car ... most of the time they already owe more than is worth.... You need a contractor to know the cost of rehab, do research on the rent you can get, and contracts you need to find a local realtor. Get together with an investment group they should wide you with the professionals you need.
But Do it if you are thinking on the Real estate path, the opportunity you have is unique you will learn and hopefully keep the property as a great rental investment.

0 Votes

Miami, Florida

Quote from @Tasha Jones:

Hey BP fam, I have a couple of questions about buying foreclosure properties. I see a couple of them in my area are due to auction off next month and I wanted to know the pros and cons of buying foreclosure properties.. Any advice would help thanks..

Foreclosure is a big word. It depends where you buy them if it is an REO most of the liens are satisfied and also property should be vacant. if you are thinking of buying at the court auction, my advice get together with an investor group that have the experience to do it.
It a all cash deal and can have many headaches, you will need the experience to clear them out. Can you make a lot of money yes but you are going to have to work it. @luis maqueira

1 Vote

Miami, Florida

Quote from @Max Burke:

Hey everyone! I am a young real estate investor looking to get into the Miami real estate market. I currently have two single family properties in Maryland and am thinking about a condo in the Brickell area as my next investment. Would love to connect with people who have short term and long term rental properties in the area or anyone with Miami market knowledge. Happy to be helpful however I can as well. Looking forward to connecting!

0 Votes

Miami, Florida

All Forum Posts by: Luis Maqueira

Luis Maqueira has started 13 posts and replied 197 times.

Post: Foreclosure auction ...

Post: Building partner ship split

Post: Dade Real Estate Investor Association

Post: Opinion on heloc LTV

Post: Taking over payments

Post: Purchasing a Foreclosure property

Post: New Miami Investor Interested in Learning About Brickell