All Forum Posts by: Marcelo Ricarte

Hey BP! I apologize for not introducing myself when I became part of this community just about a month ago. I guess, I was so excited on how much information, and so many cool people giving advises to whoever needed it that I forgot. :)

I'm a father of an amazing eleven years old daughter who's my drive to do better and better every day. I also have a new one coming (hopefully a boy) with my wife.

I consider myself a new investor even though I haven't done any deals other than a duplex I had in TN for a few years until 2011 when I moved down to FL.

Now I'm going nuts with this forums, podcasts, webinars, etc.. I wish the day have more hours so I can learn more.. lol

Anyways, I thought it was the right thing to do.. Cheers!

Hi @Claudia Bonaudo, I'm pretty new on this too so please don't take what I say for granted..

I think it depends on what kind of loan you're going to get. If you're planning on getting an FHA, you'll have to put it on your name, as far as I know, is for first time buyers so a Corporation wouldn't qualify.

A Corporation is a good way to cover yourself against any issue you may have wit your tenants (e.g. lawsuit..).

Also, it depends on how deep you want to get with REI.

Hope this helps a little,

Good luck!

Nope, not working..

Hey @Martin Mcbride, Idk too much about refinance but based on the numbers you provide it looks that that's the way to go. Another option, if you don't want to be dealing with tenants anymore could be leasing option; basically you rent it out under a contract for a few years (2-5) to somebody who would eventually want to buy it at te end of that lease.. You get a few thousand dollars as a money consideration at the beginning and they take care of the property. Something to consider..

I hope this help.

Good luck!

Hey Kris, no I haven't. I didn't know if that should be public record or not but I'll look into that. Thanks!

Looking a few properties to evaluate, all of the sudden though of looking for taxes, owners that fell behind in their taxes. Can anybody tell me howhow and/or where to go to find this info? Oh, I'm in Ft Lauderdale,FL btw.. Thanks!!

Hello @Lukas, Im fairly new at this but this is how "I" see it. Both have risks but the most you learn on that specifically area the most you minimize that risk. Basically, by flipping you get short time gain while buying and holding you can create long time gain and a more stable wealth.

Great info, thanks everyone for your feedback! (:

@Leigh C, @Account Closed

Yes Sr.! excellent advice @Lamar Cannon Let's take this 2016 with all we have!! Happy new year guys!!

Hey BP community, I'm aiming to get my RE License in Ft Lauderdale, FL. Can anybody recommend a good school to get it done other than Broward School? Thanks!