All Forum Posts by: Luis Maqueira

Frank , 

I don't know the details but I am closing a DSCR Monday 7.25% 885K loan shop around I don't like to change lenders but it is a numbers game.

I/O for my buy and hold I love I/O, you are in control of the monthly payment. If you want more cash flow you invest in your mortgage. That has a 7% tax-free return. And lower your monthly payment so you get the cash flow you need.

good luck

luis Maqueira MMP

Are you in Miami 

we can chat there is many software  Reifax we use. 

But you need a plan no only the offers   DM we have a group kind of Mastermind  no charge just you need to support the other members. 

We work together we advice each other share knowledge  and motivate each other to keep going.

Luis Maqueira

MMP

There is a meeting every two Tuesdays at the Squadron Restaurant next to the Airport. 

30 to 40 people from newbies to Buildings owners.  It's a very nice group with a lot of knowledge. 

They Focus on Multifamily and Flips.  They are in Meet up and Eventbrite

See you there

Luis MMP

Jeremy Great post

33127,33125,33135

33020

Find a good realtor that can help you with the research. 

Not the ones that shows home the one that invest in homes. 

Luis Maqueira MMP

You are asking for a lot

To get a deal, with location and needs.

You need a good place to live for your Mom so she is close to supermarket restaurant may be park.

Find the best place for your Mom and yes work on the financing. 

Is not only how much you paid,  you need to pay right base on you resources.

Find a good realtor that knows the market.

good luck

Luis Maqueira MMP

Ariel 

Looking for property at foreclosure to purchase.?

My question to you is why... 

I know your answer you think is better deal & better price? 

answer not all the time, if is bank own couple of years abandoned by owner the house could be in very bad condition with many repairs.. 

Search for the best deal 

Luis Maqueira MMP

Simple, 

Buy income property, and business first. With the cash flow you pay the house, the car the living expenses. 

Your house is not an investment. It gives you plenty of savings, tax benefits, lower you expenses etc.. But does not give you money in fact is an expense.

Still is a great del you rent money for 30 year fix rate  and the asset increase of value with time.

Luis M

good luck

ears. I still owe about $238k on the house (I am paying around $2k per month including escrow) and the bank says it appraise for $850-900k so plenty of equity to borrow. After doing a quick search..I get numbers around 9 to 10% interest for these HELOC loans that I found insane. Any ideas or recommendations as to where to go for financing this kind of project."

Agustin, 

Heloc is prime plus 1% or 2%,  that is today's rate.  Personally, Heloc is the best loan possible. You are in control you put the rent money in and that money generates  9% compound interest. Tell me a saving account that cand do that for you.

Boss do more research in company credit fund-capital or Heloc vs Loan math. 

At the end depends on you, if you don't have cashflow or time of capital that you don't use ... you can't take advantage of Heloc.. 

Um Abrazo

Luis M MMpartners

VG Jason

"You're preaching to the wrong choir here. They just look at cash flow, so day 0 metrics. They don't think that far ahead."

We are in Miami Insurance is the concern. 

Luis M

Vinicius,

Hi, best place to find local like-minded Investors is the local Investors Club. 

There is one we go Multifamily Deal Group at Squadron restaurant, their info is in meet up. 

Best info here at Bigger Pockets then you neet to go for local experience networks. 

Luis M

MMPartners