All Forum Posts by: Luciano Espinosa

Thank you everyone, for all the support, as I had mentioned I was going to be on vacation a few months, I got back in the country last month, quick update I did end up closing my first property, a new build in Cancun area, hot vacation spot, will be STR most of the year but plan on staying there for the summer every year, plenty of pros, but the one caveat is cash only, I would like to buy a multi next but struggling with the funding, I had a bankruptcy last year and can't get mortgage until September next year.

Thank you,  I have talked to several lenders. And a seller. And right now I'm just trying to learn the most I can about different strategies. But I plan on closing 1 property this year,  I want to start in my area because I know the different neighborhoods, but like I mentioned I just started learning a few weeks ago so I want to take a few months to learn and analyze deals, and figure out the strategy I'd like to pursue first and see how much money I can save for down payment, I know for sure I want multi family even if its not right away, about analysis paralysis I wont get that, I'm an entrepreneur to the core, and trigger happy, I've lost alot but learned even more, I have a high risk tolerance and I know for sure I'm closing at least 1 property this year, but I'm thinking more September-November so I have time to get a little more educated and better prepared financially plus I will be out of the country till mid August without income which is why I gave myself a reasonable timeline, 

Just found BP a couple weeks ago, and have listened to close to one hundred hours between BP OG, and the rookie show, I'm committed and ready to pull the trigger looking for my first deal!