Erick Maceda

Real Estate Entrepreneur @emotionnewyork

[Erick Maceda @1ErickMaceda]

@TheOceanCleanup 🙌🫡

[Erick Maceda @1ErickMaceda]

35. Everything is only for a day, both that which remembers and that which is remembered.

[Erick Maceda @1ErickMaceda]

For we are made for co-operation, like feet, like hands, like eyelids, like the rows of the upper and lower teeth. To act against one another, then, is contrary to nature; and it is acting against one another to be vexed and to turn away.

[Erick Maceda @1ErickMaceda]

@realMeetKevin 💪🙌

[Erick Maceda @1ErickMaceda]

If I buy a property that earns me a 10% return each year, I have to wait 10 years before I can get that money back and reinvest it again.

If I buy a property and pull out 100% of the capital I put into it, I can immediately buy another property.

[Erick Maceda @1ErickMaceda]

In the traditional method, you, finance it first. In the BRRRR method, you finance it last. This one seemingly insignificant difference in the order in which you finance your property is the difference between someone like me buying two houses a year or buying 24 houses a year.

[Erick Maceda @1ErickMaceda]

There are two methods to increase your ROI.

1. You can increase your profit

2. You can decrease your basis

[Erick Maceda @1ErickMaceda]

ROI Defined

ROI is a metric used to describe how an investment performs. It is one of the simplest ways to compare investments, and it’s used across all investment vehicles, not just real estate.

ROI is the percent of your total investment you can expect to receive in a year.

[Erick Maceda @1ErickMaceda]

This isn’t a dress rehearsal. I try to live full throttle. I believe I was put on this earth to make a difference, and to do that I have to test my limits. I look for ways to do that every day.

- It’s up to me to keep moving the end zone, and go for greatness.

[Erick Maceda @1ErickMaceda]

I equate this fundamental truth with an entrepreneurial mind-set. It’s tenacity, optimism, drive, and conviction all rolled into one. It’s commitment to get it done, see it through, make it work. In my world, I call that being an owner.