All Forum Posts by: Luis Maqueira

Agree with Ray,

There's only one real important question. What is the general market of buyers willing to pay for this house? That is what most would consider to be the "fair" price.

100%  the market is going to dictate the price if you want to sell for less you always can. 

You need to do your market analysis of the best price you can get for your friend for the property. 

Good Luck.

Florencia 

There is a lot to learn managing is one step. 

What about finding, knowing what is a good deal,  financing 1 or 3 Millon dollar deal. 

There are many investors club you should look for one near you, you can learn a lot from them. 

I started with houses now we do Multifamilies only with my partners,  but there is a learning curve. 

Luis Maquera MMF

Hi have so many hats?

It's  easy : 

Find deals

Raise Money

Manage assets

Construction Management team

Personally, I think a person can't do more than one,  you be will doing them halfway. 

Get a team partner that does construction-Management and you will gain his experience and make more good deals. More money 

Once I was told stop learning and start using what you know. 

Good luck

LUIs Maqueira MMP

I agree 100% with Hans

is all about understanding the numbers so you can make the deal happen. 

We just bought a Duplex in Hollywood will make a nice profit 100k. And it was in the MLS for 405 days. Simple nobody sit down with the owner and explains to him the cost and time to put back on the market the Property. Our team did it and we got a win-win situation.

Good luck 

Hard to give you advice. 

What is your opportunity cost to reach the market. 

what software will you use to identify criteria deals, what about violations, title problems etc. 

What price will you offer?  if you are to low you will miss deals and you dont want to over pay. 

Show us your plan, then we can tell you what we think is best. Based In what we did in the past. 

Talk to a wholesaler ask them how much time, money and effort they need to get a deal.  And is not a deal is a property they got under contract to sale. You still do all the work.

Talk to an investor, that yes analyze deals and see again his overhead cost. 

We as a group buy-find deals and is a great business and you make a lot of money. But you need to do it efficiently. Find your team to work with.  I love realtors, they love their commission they do they work and they give you properties....  I love wholesaler they love their work and they give you the deals.... 

YOU want to be on the other side the investor and I agree with you that where you build wealth... 

Lets us know the plan. 

Luis Multifamily team

Gustavo 

Creative financing is creative financing. 

12% Interest rate and 3 points is very standard today in the industry.

I can make it work all day Long. we buy 1M Multifamilies, 8 the last 10 months with these terms. 

I not what you know, is what you don't know what is going make the Money. 

In my personal opinion, the Bank is my best partner ..... he does not ask me for profits that give me 80% leverage that increases your IRR to high double digits

In the path to Buy & Hold Multifamily 2023 

Gustavo

how many BRRR deals can you handle, One house will take you 5 months is that to long to live the Money there? You will (save) or make 12% payments plus 3%points on the 250K. Plus insurance that if something go left y dont have a holding cost.

No if you can do a deal a month yes do the math put 20% down and do 5 deal not one by month five you sell the first deal and have a profit to put another 20% to buy the next deal, also you get some extra money. 

My team we did that for 10 years now we do the same in Multifamily properties.  Buidl the team make the deals. 

Good luck

Bruno 

Build your network, tools that David just mentioned are very good. But these software have a monthly fee that for one deal I dont know if is cost effective. 

Acquisition partners call them the wholesale we buy from them 305-600-9045  Laura.

we need more information of the status of the house is it a cosmetic rehab or a full rehab? You need to find the right buyers that will give the best price for your friend.

Luis M

Sebastian 

I love this community Bigger Pockets, many people is here to share knowledge or find partners to do deals. 

Many first timers. 

Can you be more details " our lender 4% interest and 4.375%  investment"  

no by-downs, no seller incentives, no arms lonas...

I  myself own a Private lender company I know the industry,  curious to know what your lender is offering.  We don't want investors go into wrong deals taking advantage of these amazing rates. 

Avarage rates Friday.

Thanks for sharing

Luis Maqueira

Hello, 

We are next to Southern Command Doral Floria. 

Have many military  family and friends.  Call me to chat. 

Our group buys and holds Multifamily and we encourage and help anybody that wants to do it. 

Biggers pockets is the best plataform to network and learn

Luis Maqueira