All Forum Posts by: Luis Maqueira

Jeremy Great post

33127,33125,33135

33020

Find a good realtor that can help you with the research. 

Not the ones that shows home the one that invest in homes. 

Luis Maqueira MMP

You are asking for a lot

To get a deal, with location and needs.

You need a good place to live for your Mom so she is close to supermarket restaurant may be park.

Find the best place for your Mom and yes work on the financing. 

Is not only how much you paid,  you need to pay right base on you resources.

Find a good realtor that knows the market.

good luck

Luis Maqueira MMP

Ariel 

Looking for property at foreclosure to purchase.?

My question to you is why... 

I know your answer you think is better deal & better price? 

answer not all the time, if is bank own couple of years abandoned by owner the house could be in very bad condition with many repairs.. 

Search for the best deal 

Luis Maqueira MMP

Simple, 

Buy income property, and business first. With the cash flow you pay the house, the car the living expenses. 

Your house is not an investment. It gives you plenty of savings, tax benefits, lower you expenses etc.. But does not give you money in fact is an expense.

Still is a great del you rent money for 30 year fix rate  and the asset increase of value with time.

Luis M

good luck

ears. I still owe about $238k on the house (I am paying around $2k per month including escrow) and the bank says it appraise for $850-900k so plenty of equity to borrow. After doing a quick search..I get numbers around 9 to 10% interest for these HELOC loans that I found insane. Any ideas or recommendations as to where to go for financing this kind of project."

Agustin, 

Heloc is prime plus 1% or 2%,  that is today's rate.  Personally, Heloc is the best loan possible. You are in control you put the rent money in and that money generates  9% compound interest. Tell me a saving account that cand do that for you.

Boss do more research in company credit fund-capital or Heloc vs Loan math. 

At the end depends on you, if you don't have cashflow or time of capital that you don't use ... you can't take advantage of Heloc.. 

Um Abrazo

Luis M MMpartners

VG Jason

"You're preaching to the wrong choir here. They just look at cash flow, so day 0 metrics. They don't think that far ahead."

We are in Miami Insurance is the concern. 

Luis M

Vinicius,

Hi, best place to find local like-minded Investors is the local Investors Club. 

There is one we go Multifamily Deal Group at Squadron restaurant, their info is in meet up. 

Best info here at Bigger Pockets then you neet to go for local experience networks. 

Luis M

MMPartners

"I am ready to connect with lenders but have no idea how to calculate the potential pre-qualified amount. More specifically, I'm not sure ab"

Miss Xin Ran to find, buy, find best Loan, Fix-Rehab, Stabilize, Refi to DSCR loan and manage.

You need a POWER TEAM that has knowledge and experience. 

This not buying a house, is another type of business. 

go to local Investor clubs, you will find people that is doing it know, you can ask them for advice and share your knowledge in Airbnb.

Buying Multifamily is a business. Would you open a restaurant Just with a good chef?

Luis Maquiera

MMpartnets

Find investors club 

Many investors, wholesalers and developers go there you can find a group to work with. 

There is a big difference. Learning the theory or the real practical part of the business. YOU need to be in the game to play the game.

Bigger pockets is a great source of information. 

Luis Maqueira

MMPartners

We buy Multifamily in bad shape-Value add  deals. 

Will private Message constructors info we use. 

The key word is reliable...

Luis M 

MM Partners