All Forum Posts by: Luis Maqueira

let's connect

first time buyer have a lot of options but you need to learn the game and have a plan.

And yes the government is not there to help.. is like banks they are there to give you debt no help...

You need to do reseach and learn your options.

And the fact you are here in this web site is a great starting point.

Hi Jose I am and Multifamily investor but with  great knowledge of credit card debt. call me let's chat... just for advice I don't have any programs for credit card debt solutions.. just plain knowledge

The good thing companies are related. Property Management ( We upgrade value added Multifamilies) we work on increasing cashflow with construction improvements.  We have a Real Estate Investor friendly firm. And are a rookie Capital-Syndication company we manage 60 doors and 3M capital...(we are working on 2023 goals)

Any bootcamps,  any management systems  books, semminars etc  

Thanks

"Oh boy, buckle up for a wild (yet painfully slow) ride here! REO properties (bank-owned) are notoriously slow moving and wholesale deals are notoriously poorly-disclosing. What you'll get when crossing the two is anyone's guess."

well said, lot to learn but there is onky to key parties  bank and listing agent that the bank choosed.  

The wholeseller role dont understand it and dont know if the bank will? is and REO or a ShortSale....?

"Talk to the listing agent"  he was hire by teh bank to liquidate the property.   

regards

Jianlan 

When we talk to our savvy Investors. I tell them great that you want to be involved let's do another Investment. You are ok with managing one home, let's look in to passive investment syndication projects there are many options here in with bigger pockets.

Run your investment as a business, let people do their roll but you are the CEO. The old ABC  Always Be Closing new opportunities. Don't get busy doing the administrative work do the productive work is more fun.

Regards,

Mr Jianlan, 

I don't Understand your roll. I manage Real Estate company, I train realtors. 

I tell you, not all realtors are equal,  and on rentals is even more important. You need a different knowledge to rent or to List-sale houses. I know top earners realtors who don't know how to do rentals, is not their forte. Why will you spend time doing rentals for a month commission compare to a 6% commision on the value of house. 

My advice do more research in the realtor you hire, on his LOCAL knowledge of LOCAL market. He will have  the answer for your question and should be an answer conditional to today's market. 

Good luck,

Hey I just finish reading  The Hands-off investor book.

Is a great reading I have 18 years of real estate but this book is right on the Money. 

Is an investor point of view... so yes there is a process  research, location, type of deals, tenants, repairs, maintenance management etc

Enough to get you paralyzed and live the money in bounds.  But ask all the millionaires and financially free families. if real estate investment is a bad deal.

Well, the conclusion of the book is to find the best ever.. SPONSOR  he will do all the work for you and you learn with a partner that has experience. 

you share profits but you accelerate the learning curve and you will make no expensive mistakes.

Good luck,

Property management software.

Hi, We are an Asset manager Group located in Miami, we buy and hold. 

We have:

8 Multifamily properties about 26 doors

3 Buildings 30 doors.

Looking to double the investments in 2023, with our very friendly syndication program

We need to upgrade on Software we are looking to acquire  JARDI. 

Suggestion on other Software to investigate?.

You definitely need to ask this question directly to the county (I presume because it's unincorporated). There are two things going on here: building code and permitted use. It's possible that a triplex is not allowed at all. If this property is already on the county's radar and was illegally converted, it doesn't matter if it's completely to code--it's an illegal use.

Look for a local General Contractor that can help with that, paying a fine is not the same as fixing violations. work without permit ? if you add a kitchen or a extra bath that is mayor work done. You need professional advice 50K will not solve all the issues.

I could pay off the new house and be mortgage free with almost 125k left to invest. My mortgage is in the mid 4% range and is about 1600 a month.

No don't pay off a 4% loan is free money  inflation is double that...

" would you pay off the mortgage and invest the rest in a portfolio, real estate, or IRA (125k).. or leave +/-50k in the bank and invest the rest? (480k) Thanks for any advice. Btw.. I was a landlord in NY for 12 years before I had kids. I'd do it again, but I'm not 30 years old anymore."

Join local groups that think alike,  family-oriented - need income - cashflow -  you were a landlord you know the drill. But tell me a job that gives you tax benefits, appreciation on asset, cash flow  and  value principal paid by your tenats every month...  

Rental market looks great for 3 years, you can't go wrong.  We like multifamily units rather than 3 houses ...

Good luck

  and keep telling us the outcome we all can learn.