All Forum Posts by: Leo Maldonado

I am currently self employed, and I am in need of some tax advice with the goal to continue expanding my portfolio. Anyone have a good CPA that can help me in the Miami Area?

Hi Guys,

This should be of interest to you. I am setting up a fund for investors to purchase Property in Puerto Rico. 

Preferred rate of return is over 7% 

Hey @frankie I can be of good assistance to you. Currently own multi family in Miami.

@Jason D. 

Yes you are right, I plan on setting aside 5% Vacancy and 5% Repairs and maintenance every month for that. Nothing aside for CapEx as we plan to flip the building in a 5-year holding period.

Hi Everyone, 

I am looking to do my first commercial deal. I currently own residential multifamily and I want to get into commercial due to the scale you can get and Control Value. 

In order for my strategy to work though, I need to be able to secure the correct first deal: Value add 5-Unit under $500k

The goal would be to force appreciation, elevate cap rate, and flip the building to another investor. Profit, 1031 exchange into a larger deal.

The reason for this price is I am shopping on what I can put down for a down-payment WITH a partner. 

With that being said, here's the deal:

Purchase Price: $475,000

Cap Rate: 8.3%

Unit Mix

2/1- $900

1/1- $900

1/1- $875

1/1- $850

1/1- $800

Total: $4325/M  $51,900/Y 

----------------------------------

Maintenance

Insurance: $184.39/M 

Electric: $18

Water: $50

Garbage: $160

Taxes: $464.39

Common Areas: $150

Total: $1,026.64/M  $12,319.68/Y

Total Units: 5

Total Sq Ft. : 3,000

I am looking to purchase a commercial property with a few partners, but I would like to discuss setting up the entities correctly with a local Attorney as soon as possible. Just asking around to see who knows a good one. 

Thanks!

I am wondering what that would look like. What is a standard for this type of loan ? terms? 

Hi Everyone!

I am a current multifamily investor doing it the old school way. (ie. Saving income for a downpayment)

Now I think ive come across a nice 2% deal that i'd like to take a look at from a local wholesaler. It's not commercial as its a 4 plex, but still very promising. 

The question I have is typically this is an all cash purchase. If I use a private investor to purchase the deal. How would I be able to pay him back the full amount + interest?

Banks are doing 75% LTV around here.

Curious...

cant wait everyone

The only insurance quote I got was the one included from the lender. I am curious as to what that would come out to..

Even if I raise those prices I am close to $800 a month cashflow. What do you think @Roman M.

For $200 a unit it isn't as good as some other rentals I have seen, but this one has less headaches due to it being a newer build.