All Forum Posts by: Luis Maqueira

Seller finance 400k

Is low you need 500k plus cost to close. 

500k 20% I buy a 2.5M property...

Capital need it is to high, your cash on cash return is looking to low. 

Good luck, 

I back up this statement.

My advice would be to read the Bigger Pockets’ book First to a Million (and the workbook). 

It’s written for young aspiring investors just like you.

Reading the right book is the best first step to do.

Great, 

Go to local Investor clubs,  you will find good investors willing to share their experience. And some vendors trying to make you buy something. But they will have to explain the services at least you learn. 

WE go to the Squadron Investor Club by Miami Airport there are some military colleagues from Southern Command Doral.

Welcome to Biggerpockets

Luis Maqueira MMP

Vinicius, 

Best way to learn is ask but you are asking for a path of investing. 

Find it yourself self you will learn more advice go to local Investor clubs, and you will find people with all these answers some will sell you a service and some will tell you their experience.

You will end up with good relations and the information. 

Luis Maqueira MMP

Mitchel 

I tell you something my daughter is going to study in Italy and England for two semesters FIU program.  She is 18,  yesterday she said Dad why does everybody tell me to BE CAREFULL...

She is a bumble bee, she keeps growing looking for good opportunities, friends and partners. 

PS: do it, do it, do it  use other experiences till you build your knowledge.  

being there done that. 

I love Heloc put all your income there; use credit card right get a 2% cash back that is a 24% a year return plus the interest you are saving in the Heloc.  Keep putting a steady payment in the heloc to run down the principal to have money for you next deal. 

Go to local investors local club great to network, find deals find private lenders and Learn. 

Good luck 

Luis Maqueira MMP

Alberto

Welcome to bigger pocket.  House hacking should be part of the school system. 

Is the path to wealth. House hack, Duplex, Fourplex,  8 plex  Apartment building. 

Look for Real Estate Investors Local Club,  find the team you need to keep growing. Aim for the sky... you will reach the ceiling.... 

Learn from the ones buying Multifamily and you will do house hacking with no problems.

Luis Maqueira MMP

"How do people usually find partners? Any suggestions on how to go about this? I'm looking for small multi family in Philadelphia.""

That is a great question ... no the Answer if you find a system to follow it .... 

what type of partner are you what partner do you want?  But Trust, experience, and Attitude all I need. 

Good luck (after 3 marriages, living in three continents and more than 7 partnerships and JV) I tell you reseach is key. I was told ones, easy to get marriage divorces are to costly... let's get in love first.

Yes yes sure need to sell and 1031 the proceeds into something else.

do the research what typo asset and involvement on the work to manage it you want.

My personal opinion is invest in to a property management and apartment building. 

Just buy right, manage right and the benefits are warranty. 

Tell me and asset that never never againg never stays down in value ... and gives you cashflow, Tax benefits and appreciation.  Is not the fastest but is very safe and only goes up with history. 

You can be Apple and tomorrow there is a tesla phone and ..... 

Luis M 

You have equity Capital now you need to get another level of information to invest it right.

Luis Maqueira MMP
 

is 30K enough? answer: it depends

based on the information you provided, plus the median home price in Miami, I would say - almost certainly no it is not.

""""

Totally agree   but we are focusing on the Money.... 

The key here is experience to find a deal, to recognize a deal.  tell me your time line and path. how are you budgeting for that. And what is your exit strategy? 

My advice leverage the knowledge or a "Power Team" not just professionals that they can charge you for they services.  

I tell you for experience 15 years doing rehabs,buy & Hold  Multifamily etc...

DM I send you our calculator to do the numbers but that is just numbers.. 

You need a Plan to succeed, fast and from the beginning. 

You are in the right place bigger pockets has all the knowledge you need to acquire. But experience is what is need it for success. 

Go to local investor clubs,  meet people who are doing what you want to do...

In Miami 30K 20% down that is 150k property very unlikely to find  and all the rest ... 

My personal opinion find a JV group to invest with is not easy but you will learn a lot by investigating them.

go for it Real Estate investing is an awesome way of life.

Luis Maqueira MMP