All Forum Posts by: Luis Maqueira
Luis Maqueira has started 13 posts and replied 224 times.
Quote from @Tyler Sanzone:
Looking for some opinions on how much percentage to tap into for a heloc on my primary home. I'm looking to apply for a heloc through PenFed who offer up to 90% LTV. The house is valued around 325k and I owe 170k. The primary reason for the heloc would be to use about 10k for some debt consolidation, and the rest for my first investment property to BRRRR. I'm questioning if it's worth tapping into 90% at a higher interest rate (as low as 4.75% adj) or using a lesser LTV for the lower interest rate (as low at 3.75%) due to the fact I need to use it for debt consolidation as well.
Quote from @Richard Curi:
Hey everyone. Super noob here looking to pursue my real estate investing career and have already started reading more into it. If it’s not too much trouble I’d like some advice on where to start with a home that needs severe rehab. The thing is it’s my fathers house and he can no longer afford the mortgage and wants me to take over to rehab it and put it up for rent. Another thing is that it’s the house I was raised in so the property has some sentimental value and I don’t want to lose it either. Besides the rehabilitation factor would it be wise to take over payments on the home? And would I be financially be burdening myself?
But Do it if you are thinking on the Real estate path, the opportunity you have is unique you will learn and hopefully keep the property as a great rental investment.
Post: Purchasing a Foreclosure property
- Posts 242
- Votes 74
Quote from @Tasha Jones:
Hey BP fam, I have a couple of questions about buying foreclosure properties. I see a couple of them in my area are due to auction off next month and I wanted to know the pros and cons of buying foreclosure properties.. Any advice would help thanks..
It a all cash deal and can have many headaches, you will need the experience to clear them out. Can you make a lot of money yes but you are going to have to work it. @luis maqueira
Post: New Miami Investor Interested in Learning About Brickell
- Posts 242
- Votes 74
Quote from @Max Burke:
Hey everyone! I am a young real estate investor looking to get into the Miami real estate market. I currently have two single family properties in Maryland and am thinking about a condo in the Brickell area as my next investment. Would love to connect with people who have short term and long term rental properties in the area or anyone with Miami market knowledge. Happy to be helpful however I can as well. Looking forward to connecting!