All Forum Posts by: Luis Maqueira

Rodrigo

Heloc is the best tool you can use to put to work the equity in your home. But there are many things to consider. Heloc is going to be on first position or second to your actual Mortgage. What rate and terms do you have on the actual mortgage.

Pay it back never.... if you can leverage that capital as a 10% of a 100% investment why pay it back and keep on using it.

Give me a call to chat we buy multifamilies,  I currently own 6 and all started levering my House equity. 

You need to have a good knowledge in Real estate to invest.  Since you are putting risk on your home.

Good luck

WE have a team to buy Multifamily 

We can be your sponsor  DM to chat. 

Luis M

Hi Nicolas

We have a team we work together to analyze deals,  find capital if need it. Our Motto is simple Buy a multifamily 2023.

We bought 3 this year so fare and 6 last year. 

DM to chat 

Good luck 

That is why we are multifamily partners.

Let's chat and see if we have a fit. 

I lean the hard way that getting into Real estate investing is not so easy. 

But with the right group, you achieve more faster. 

Where in BP there are great people to partner with. 

Good luck,

That’s not to say the insurance situation in Florida is not a complete Cluster $%#@ though. But that is because the state failed to reign in frivolous lawsuits targeting the insurance industry.
by Randy

I agree 100%,  strongest industries  Insurance, Bank and casinos... 

They have money they have the power...

You already have a business great idea. Invest in business first that will pay for you life and house.

26 year old you are young build wealth then you have the rest of your life to enjoy it. 

Your house is an expense ... 

Is like living in an apartment.

We promote investing in a Multifamily 2-4 unit using an FHA 3.5% down loan. That is an Asset also gives you cash flow to reinvest.

Keep being BP you will learn a lot about investing in real estate. 

Good Luck

Find a local expert,

If you have the right team you have 50% advantage. My group buys and hold properties. 

Invest mean do your homework no after you buy the property. Each city has is own ordinances from code and violations enforcement to yes Airbnb (short-term rental or not).

Then you need the best management company is the blood of you business. They should be able to provide rent and prevent maintenance. 

Then you are ready to find properties but you  need to know how to underwrite,  don't expect a person to give you a deal. They just give you a list of properties to buy. 

Good luck 

you are in the best place to gather information Bigger Pockets,

Monica, 

Many choices but if about what your lifestyle is and your future goals. 

I love when people say Miami,  do you know Miami city limits..... CoralGables, Maimi Beach is not Miami.

if you are in this chat I think you like to invest in Real Estate, talk to a 1031 exchange agent. 

Buy an income-producing asset and rent a home a condo at the beach learn about Miami Dade County cities and lifestyle. Then you buy in the right neighborhood... Prices are not going up in the near future. 

Good luck,

Mr Murray, 

We are a team of three companies Construction Company, Management Company, and Asset acquisition department.

"

1. Building code/permits that relate to multi family investment and whether or not we are able to convert multi family acquisitions to STR's in our format (1 week to 3 months on average) and;

Luis : each city has different codes and regulation there is a lot of market research to do and learn.Here in bigger pockets, you can see a list of properties to buy.  But the important part are diligence to do.

Do you currently one or manage any of this properties?

Regards,

ABi

My personal opinion House hacking is a starting point for single or young ... It will be back to roommates' situations.

After many years of being a realtor ... Someone introduced me to multifamily. When you learn the numbers, best ways to qualify for financing, you get a business not just a house with roommates, the income is two or three independent apartments and the potential in equity building is 3 times more.

But your budget, you payments is only for one unit still, the rest of the building gets paid by the rent of your tenants.

Simple you get a business you hire a professional manager and your partners (tenants) only participation is to give you capital so you build wealth.

Look for a group, or team that helps you to acquire and manage multifamilies and you will build wealth for you and your family.

The information is here in Bigger pockets...

advice

Information with out action ..... is just information.

good luck