All Forum Posts by: Alejandro Forte

@Alejandro Forte it sounds like a substantial portion of your portfolio is free and clear. I would guess this puts you in a minority of real estate investors out there. A lot of options going forward as to what you could do. There are two opposing strategies that jump to mind.

First would be to leverage the paid off one's to purchase more, if you really need more of them.

Second would be leave the paid off one's alone and use them as a financial base and security. You could use your own personal funds or cashflow from these to purchase the next units, but you would always have those paid off one's sitting there keeping you safe.

Thank you for your response Malcomb. I had the same idea so I have closed on a DSCR cash out refi today and am currently looking to use that cash to purchase a solid property or project. For the most part I am going to leave the rest completely alone and maybe sell some of the worst to purchase better ones. The whole reason I am looking to invest more is because the cash flow isn't so great and is taking a lot of time and work to renovate and fix that issue. But thank you for the insight.

1 Vote

Quote from @Jonathan Greene:

What kind of portfolio? All real estate in Miami that you now own outright and manage? Is there any leverage on the portfolio?

You want to connect with others at local meetups so you can start to learn what others did to grow their businesses as investors. Since yours came to you and you've managed it, you still want to go behind the curtain with other to see if you really do want to grow to include more.

One thing about portfolios - there are always bad properties in there. When you buy or inherit a block of properties, you want to put them in buckets. Great assets (cashflow and appreciation, low to no cap ex), steady (low cash flow, good tenants, slow appreciation, low to no cape ex, and dawgs (low to negative cash flow, lots of cap ex coming, aggravating tenants). Sell the dawgs.

Thank you very much for your insight. I was currently a constructing an in depth report on each property so I will use that to classify the properties as you suggested. And I have a friend that is informing me of the next meetup he goes to so I will try my best to meet others and gather what I can learn from their experience.

To answer your first question its a residential portfolio of single family, duplexes, a few triplexes and two quads. We have a small time manager that helps me to cut costs and worked with my dad for a little, and there are only 5 with a loan, a great majority are free and clear.

1 Vote

Good afternoon Bigger Pockets, my name is Alejandro and I have just joined this community. I have inherited a large portfolio in Miami which I have managed for a few years. I am looking to expand this portfolio but I am just getting started when it comes to acquiring new rentals. I have studied a substantial amount but I do not have the experience yet. I am looking to connect with anyone with experience to find information and expand my network for mutual growth. Thank you and good luck to your endeavors.

0 Votes

All Forum Posts by: Alejandro Forte

Alejandro Forte has started 1 posts and replied 3 times.

Post: New to investing, but have a portfolio

Post: New to investing, but have a portfolio

Post: New to investing, but have a portfolio

Alejandro Forte has started 1 posts and replied 3 times.

Biggerpockets Logo Post: New to investing, but have a portfolio

Biggerpockets Logo Post: New to investing, but have a portfolio

Biggerpockets Logo Post: New to investing, but have a portfolio

Post: New to investing, but have a portfolio

Post: New to investing, but have a portfolio

Post: New to investing, but have a portfolio