All Forum Posts by: Luis Maqueira

Hi everyone. I am looking to buy a $500k property, and I have over $100k in savings (i.e. the 20% down payment). Will taking out a personal loan (to pay for some renovation work that I need completed shortly after I close) just before submitting my home loan application, or alternatively taking it out during the home loan application review period, in any way affect my home loan?

Neet to talk to your good mortgage broker .... but on 15 year of real estate is no no no to get any type of debt before closing... even one day your bank will check again the debt ratio ... and your credit score... 

get a home equity loan after you own the house many banks need no seasoning on ownership..

Mtg brokers, they depend on the loan they do. They work for you .... bank loan officer gets pay a salary to work for the bank just to give you debt.

good luck,

Let's connect.

I have done some research we have 3 multifamily units we want to add units. 

And yes going through the same dilema.

will PM you

Call Yanier Valverde from the Multifamily team. 

They work great with new or savvy investors. The Wholesale only Multifamily. 

For the mentor part that is the best part they are not, they dont sale courses or books. They are straight forward hands on investing. 

Will PM his number.

Good luck 

Edgard

Welcome great place to learn and share. 

But investing in what type of asset?  

Ask for specific info and you well get may answers.. 

Good Luck

Jhon,

As a wholesaler, what do I need to do and not need to do with an MLS property that the agent will take care of?

You can't rely on any agent to do or not do due diligence. 

If you want to make money you need to do the work, don't expect anybody to do their thing.

I buy all the time from wholesalers but when is an off-market deal.

If it is in the MLS dealing with two people in the middle going in different directions... not easy.

Each deal is different just be in control of all the transactions and things will be ok. 

Good Luck

You can call 

Yannier Valverde 305-600-9045  is not one realtor is a team. They have rehab company, management and financing.... 

The realtor is the easy part you need the rest...

good luck

Great

what is your plan ?  

You are asking the knowledge how to do it... 

But first what is your plan on capital?

'good luck

Melisa,

thanks for the information,I’m looking into that ,I’m just not sure in which location of Miami invest on ,I want cash flow property but seems difficult to find.....

It's  location and type of deal.  We invest in value add-Multifamily,  you need a good construction Team. And you have 50% of the deal then is underwriting an deals...  

Good luck

Luis M

Go big

By a multifamily first, you rent out the other 3 units. 

Is easier to qualify for a multifamily(rental income counts) than a single family(your income only). 

Is crazy simple if you buy a Multifamily 4 units, you get 3 partner tenants that help you to pay 75% of the building. They don't ask you for cashflow income or ownership.  

Buy a need Repairs property, every year you upgrade you give value to the property and increase rents. 

Thank you for your services open to chat any time.  

Is not what you know,  is what you don't know that can hurt you. We need to find the fast path to financial freedom.

Luis M

Call this guys

Arianne and Yanier 305-600-9045. They help me and my friends to buy right  they know the market well, and they manage properties in the area. 

So when you show them what you are buying they will tell you if it is the right place, size or layout distribution or remodeled to produce more profit.

They have a handyman and rehab services.  

Still I agree that the area is becoming very competitive so do your research. 

Luis Maqueira