All Forum Posts by: Rodney Menendez

Hello @Joseph Solicito I am currently building Single Family houses in Cape Coral FL. I am happy to connect and tell you about my deal.

@Elizabeth Southall

I recently took three HELOCs on three different properties with PenFed and closed at the same time. I told them it was for home improvement and they didn’t asked anything else. I highly recommend maximizing on the HELOCs, this is like having cash and you only use it if you need it.

Hello BP, in the past year I have been driving a lot for my W2 job and decided to make the best out of my driving time. I started educate myself in real estate, and personal development by listening to podcasts and audio books. Here is a quote I heard from Hal Elrod “Your level of success will rarely exceed your level of personal development because success is something that you attract by the person you become”

Here is my list of the top books that have made the greatest impact on me so far, and I would like to recommend:

1. The Miracle Morning by Hal Elrod
2. The Book on Rental Property Investing by Brandon Turner
3. The Book on Managing Rental Properties by Brandon and Heather Turner
4. Rich Dad Poor Dad by Robert Kiyosaki
5. The Compound Effect by Darren Hardy
6. Buy Rent Rehab Refinance Repeat by David Greene
7. Maxout your Life by Ed Mylett
8. The Book on Tax Strategies by Amanda Han
9. The Five Love Languages by Gary Chapman
10. The Ultimate Self-Directed IRA by Jeff Astor

Enjoy, learn, and most importantly take action!! Feel free to add your recommendations as well

@Jedd Braunwarth I apologize for the bad review on my previous post but I really had high expectations and was a little disappointed. I am glad that it was a misunderstanding, I am looking forward to receive the new outdoor meters. I will make sure sure to do a follow up review and recommendation once I get everything installed and working.  Thank you for the quick response, I also received your email.

@David Worker

I just received the meters from True Submeter and the quality looks very poor so I will probably return them. I need to install them in the main water lines outside the duplex and the meters are definitely not weather proof. I saw better quality meters at www.flows.com but I am waiting for a quote. Does anyone has a better recommendation?

Hello BP, I am currently working with a developer in Cape Coral FL building single family homes. I would love to team up with a lender that offers construction loans to be able to scale up since my cash and existing HELOC is limited. Feel free to contact directly me or post your recommendations or other financing ideas. Thank you!!

Hello @Melvin List could you please send me more info on your loan programs? I am interested in construction loans and cash out refinancing on investment properties. I am currently building single family homes in Cape Coral FL. Thanks

@Jack V. Ospina

I am currently working on a construction loan for a single family home in Cape Coral with https://www.interamericanbank.com

I also know that www.centralbankfl.com/ offers construction loans but they need to have the builder qualified as well

If you know of any other bank please let me know. Thanks

I just want to write this post to say THANK YOU BIGGER POCKETS!! I joined BP in April 2020 after I listened to the audio book “The Book on Rental Property Investment” by Brandon Turner. Since then I have read about a dozen other books listen to over 100 Bigger Pockets podcasts and read many posts in the forums. Thanks to BP I realized that it was time to sell one of my properties because the income to equity ratio did not make sense. So far this year I have completed my first 1031 exchange and turned a townhouse into my first duplex. I bought my first property cash, and I am in the middle of a cash out refinancing. I opened a Solo 401k Trust Account and was able to tap into my previous employer 401k to use it for Real Estate investments. I added value to my duplex by converting one of the units from a 2/2 to a 3/2. I haven’t seen the results yet but I started driving for dollars and marketing to off market sellers. I am far from being a real estate expert, but I feel like I have achieved a great education in a short period of time and for that, I am very grateful!

Hello Carlos, I would love to connect and participate in any Miami master mind group.