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All Forum Posts by: Lucas Machado

Lucas Machado has started 49 posts and replied 745 times.

Post: Live from Miami, Florida

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Emmanuel Valme!

Post: Wholesalers in South Florida

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Hi @Jeancarlo Zarate! I primarily rehab, but also sometimes wholesale and lend money. I'll shoot you a message.

Post: New to BiggerPockets From Miami, FL

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Jephney Herring! In addition to BP, I also suggest checking out some local networking events. Some of my favorites are: www.dreia.orgwww.breia.comwww.reandb.com . Best of luck in your journey!

Post: New Member from South Florida

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Tim Ferguson!

Post: Miami First Deal - SFH buy and hold rental

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Jonathan P.! When looking at potential return, defining "good enough" is up to you - it's your money/investment! For example, I would not personally hold a property delivering just a 7% return, because I can get a lot more by lending out my money. But if your money is just sitting in a savings account earning a fraction of a %, then a 7% return would be better. SFH are even further complicated by the fact that you also have to take appreciation into account.

Also, if these deals you are seeing aren't good enough, I don't think you should count on a gem to just come to you...If a gem is what you are looking for, I think you're going to have to go out there and look for it. 

Post: Miami Investor Back in Town

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Post: Rookie in Palm Beach County

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Troy Dickson! I think you've got the right idea! Your journey into real estate won't be easy, you'll probably have to work real hard initially to be successful, but it is a solid path to financial freedom...Working for someone else is not! I'll second James' suggestion - get out there and network! Absolutely one of the most important aspects of this business, especially as you are starting out and learning! If there's anything I can do to help you on your journey, don't hesitate to reach out! Best of luck!

Post: New

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Fabian Camero!

Post: moving to South Florida

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Stephen Craig!

Post: New to Real Estate Investing

Lucas MachadoPosted
  • Real Estate Investor
  • Sunny Isles Beach, FL
  • Posts 788
  • Votes 333

Welcome @Aprelle Hawkins!