All Forum Posts by: Luis Maqueira

Amazing post, 

But to all new people this is the point you neet to get. We have and Multifamily mastermind group very easy, is to chat learn and share. We get all this new investors(like we were at one point) and if they read this, my opinion they will not get it. They will understand the concept but you need to be investing, buying selling deals, go through them and then this numbers they talk to you... 

I was one of those realtors that did a nice excel sheet and because my buyer was cash I will put CAP rate not ROI.

Today is simple Cash on Cash, CAP Rate and IRR.

Bradly Mullen@ please put a post on IRR so we get a discussion like this one.

We invest in Value add Multifamily in South East Florida  buy and hold 8 buildings  and buy and sle 6 the last 12 months. And still I get people saying there are no deals in Miami Dade or Broward. 

We are doing them with great IRR 60%-80% in 15 months. Positive COC after ARV. And redi to refi cash out and buy an other one.

Luis MFM

So I just bought a 8 unit building for 1.3 great deal 9.8 cap rate. But I owe my LOC 500k now. I'm trying to find out how much money can I pull out from the 8 unit which is now valued at 1.7 million. I want to pay back that LoC cause I'm getting smash with the interest at 8.5 percent killing 

The property also has a 3.6 percent interest i assumed for 3 more years what’s the best options for me please help.

Michael need to put the numbers together no way will make sense to refi a 3.6 interest ... you will get 7.5 to 8%  on that .... 

500K I/O loan is not bad at today's rates. Use your heloc as a bank and put all the Money in the heloc,

ask for credit card at 0% APR for 15 18 month I have list of them put all the money ont he heloc.

As friend to lend you money pay them 5 % and put the money ont heloc.

Heloc is the best bank you can have...

Luis MFM

Find local Investors clubs

network is a must,  you will find everyday deals negotiations. 

Luis MFM

Attend local investor clubs

Like-minded people always sharing knowledge and Opportunities. 

Luis MFP

join local investor group  mastermind groups

Information is to passive, slow work nothing like real experience. 

I love books but knowledge with out action .... it dilutes to fast

good luck

Luis MFP

That is great

there is Investor Multifamily Club next meeting next Tuesday 7:00 PM

Also a Master Mind group Multifamily and Creative Financing  

All this is free just put in attitude and knowledge to share.

But we meet to make Money

Message me if would like details

Miami Dade Area

Welcome to bigger pockets

Luis MFP

Miami Multifamily CluB

We meet at Squadron Restaurant next to Miami Airport. Every 15 Days Tuesdays  7:00 PM 

Great network for Investors. 

Dm for information. 

Hey 

Let start 

Our MasterMind take action in Miami.

Simply gather knowledge and experience put it together to empower the group to buy right,  manage it, and  hold or Sale. 

I had been doing multifamily investing for the last 6 years full time,  every day You can learn and always you need to adapt to the market ...

Message me we can meet in Doral 

Luis MFPartners

Alex, 

Preforeclosure his loan is behind ...Seller financing???

His mind is how do I keep the house I am already not paying....  I didn't want to sell is there any equity?  

Still, you will have to come up with money out of pocket to put the loan current to buy-out the owner...

Just curious of your strategy on pre-foreclosure I will go for expired listings on MLS he wants to sell but could not get his overprice asking amount.

Luis MMpartners

I go to this Investor network, is free and great enviroment. 

The Multifamily Deal Group promotes all things multifamily investing and this event is for networking with others about multifamily. Join us for a drink and relaxed networking where you are sure make great contacts, learn something new and ultimately leave glad that you came. We find pride in our members actively taking initiative to find properties, structure acquisitions and sharing knowledge. Amongst the leadership team, there is a collective ownership over 5,000 units spanning the nation and wide breath of multifamily experience.

We meet every two weeks at the 94th Aero Squadron Restaurant on the south side of Miami International Airport. Parking is Free and ample. Upon arrival, please see our signs guiding you to our location or ask the host for directions.

We love to share experiences, lessons learned and good news stories in multifamily investing. We look forward to meeting new enthusiastic individuals looking to learn, share, and work together on these investments.

Luis M