All Forum Posts by: Luis Maqueira

when you know how to run numbers and Data. 

Like Christopher said in his post,  that is when you understand that investing is arisk calculated transaction.   

Then you just make money, build wealth and pay less taxes. 

you just need to do the Homework

Luis Maqueira 

I will do the numbers again   Profit is  less than 50 K and the project is 900K

And that is without surprises and when you do flips always there is one. 

we can do an open zoom invite anybody in biggerPocket and go over the numbers. With an open biggerpocket group we can get a lot of good Ideas. 

Luis Maqueira MMP

check the meet-up Real Estate investor group in the Bigger Pockets events we can do the deal live next Tuesday at 7:00 PM

Very Friendly Environment. 

They welcome newbies or 250-door Owners. 

You meet operators, Lenders, wholesalers, and Multifamily experts. 

Best network and is Free. 

Thanks for sharing the information

Check the events page local in Miami meetings. 

Luis M

MMP

Great path 

Learn in this community.  Read about house hacking, the best thing you can do starting tomorrow since you are young. 

Then go into the market fora triplex, Fourplex find investor local clubs.

You need 5% down and total Income(more that one person) 10Kk to buy a 600k triplex. 

Or you get owner finance and you start you journey to build wealth.

Luis Maqueira

MMP

Hi Juan 

Local investor club was the best one check eventbrite meet up.

I go to the one in Squadron Restaurant  Multifamily deal GRoup being around for some times. 

Great meeting  every 2 Tuesday  next Tuesday there is one see you there. 

if you don't find it message me private.  Rules bigger pocket we want to keep site informative not about services information. 

Luis Maqueira

Guys is the old rule 80/20 

We are STR and buy and hold (that how you build wealth) group.

So we come across people that want to buy more to do Airbnb to do pat-split etc.. 

and the other 80 I am frustrated. Check the MLS selling Multifamily 50% are furnished and remodeled. You don't furnish to sell that is rental gone bad.

The question is why it went bad? and most of the time is bad management, bought the wrong price, Interest and Insurance to the roof and, I cant get out the Bridge loan to do a DSCR loan etc ...

Simple hands on, work do research and minimize risk. 

Luis Maqueira

MMP

Frank , 

I don't know the details but I am closing a DSCR Monday 7.25% 885K loan shop around I don't like to change lenders but it is a numbers game.

I/O for my buy and hold I love I/O, you are in control of the monthly payment. If you want more cash flow you invest in your mortgage. That has a 7% tax-free return. And lower your monthly payment so you get the cash flow you need.

good luck

luis Maqueira MMP

Are you in Miami 

we can chat there is many software  Reifax we use. 

But you need a plan no only the offers   DM we have a group kind of Mastermind  no charge just you need to support the other members. 

We work together we advice each other share knowledge  and motivate each other to keep going.

Luis Maqueira

MMP

There is a meeting every two Tuesdays at the Squadron Restaurant next to the Airport. 

30 to 40 people from newbies to Buildings owners.  It's a very nice group with a lot of knowledge. 

They Focus on Multifamily and Flips.  They are in Meet up and Eventbrite

See you there

Luis MMP