All Forum Posts by: Luis Maqueira

Alejandro 

I was a realtor 15 years ago. You have all the tools you need to learn which ones to use. 

As the best answer for any real estate question is...  "It depends.."

Don't ask for help,  ask what you can give so you learn, get experience from that person. 

This community is great to learn, go to local investor meetings and network with doers.

You should look for a broker that is investor-driven. Traditional real estate companies don't focus on investing. They focus on marketing to sell homes at market price, to retail home buyers. 

Is a great job with very good commissions and plenty of satisfaction. No investing knowledge to be learned. 

Good luck,

what type of asset

how much you need to raise.

1M  to 10M   call me we can do it next week 

11M  to 50M  cal me we need to talk about it. 

Your best partner is the Bank-private lender. They don't ask for-profit proceeds.

Good luck

Luis MFM  

Multifamily deal 

We are the sponsor and deal provider. 

And had partners that bring the capital for the downpayment and closing cost (about 25%). 

what is a fair split for this capital raisers partners? 

And Is a Join Venture situation split for each deal,  we do it over and over but is not a partnership.

Thanks,

Next step 

Find a local Multifamily Investor group and go meet members and partner up with experienced people.  That is the best Seminar webinar workshop you can do. 

Do a couple with them and then you will be ready to roll,  but you will not have to go through the learning curve alone. 

Good Luck,

I go to  a group in Doral if interested

Agree with Ray,

There's only one real important question. What is the general market of buyers willing to pay for this house? That is what most would consider to be the "fair" price.

100%  the market is going to dictate the price if you want to sell for less you always can. 

You need to do your market analysis of the best price you can get for your friend for the property. 

Good Luck.

Florencia 

There is a lot to learn managing is one step. 

What about finding, knowing what is a good deal,  financing 1 or 3 Millon dollar deal. 

There are many investors club you should look for one near you, you can learn a lot from them. 

I started with houses now we do Multifamilies only with my partners,  but there is a learning curve. 

Luis Maquera MMF

Hi have so many hats?

It's  easy : 

Find deals

Raise Money

Manage assets

Construction Management team

Personally, I think a person can't do more than one,  you be will doing them halfway. 

Get a team partner that does construction-Management and you will gain his experience and make more good deals. More money 

Once I was told stop learning and start using what you know. 

Good luck

LUIs Maqueira MMP

I agree 100% with Hans

is all about understanding the numbers so you can make the deal happen. 

We just bought a Duplex in Hollywood will make a nice profit 100k. And it was in the MLS for 405 days. Simple nobody sit down with the owner and explains to him the cost and time to put back on the market the Property. Our team did it and we got a win-win situation.

Good luck 

Hard to give you advice. 

What is your opportunity cost to reach the market. 

what software will you use to identify criteria deals, what about violations, title problems etc. 

What price will you offer?  if you are to low you will miss deals and you dont want to over pay. 

Show us your plan, then we can tell you what we think is best. Based In what we did in the past. 

Talk to a wholesaler ask them how much time, money and effort they need to get a deal.  And is not a deal is a property they got under contract to sale. You still do all the work.

Talk to an investor, that yes analyze deals and see again his overhead cost. 

We as a group buy-find deals and is a great business and you make a lot of money. But you need to do it efficiently. Find your team to work with.  I love realtors, they love their commission they do they work and they give you properties....  I love wholesaler they love their work and they give you the deals.... 

YOU want to be on the other side the investor and I agree with you that where you build wealth... 

Lets us know the plan. 

Luis Multifamily team

Gustavo 

Creative financing is creative financing. 

12% Interest rate and 3 points is very standard today in the industry.

I can make it work all day Long. we buy 1M Multifamilies, 8 the last 10 months with these terms. 

I not what you know, is what you don't know what is going make the Money. 

In my personal opinion, the Bank is my best partner ..... he does not ask me for profits that give me 80% leverage that increases your IRR to high double digits

In the path to Buy & Hold Multifamily 2023