All Forum Posts by: Alex Ramirez

@Matthew Rolf any way you could share your builder’s info with me? Looking to build 2x 1800 sq-ft houses 

@Owen Koziol welcome to RE. I would suggest you go to all the RE meetups in your area and network with wholesalers. Ask them to get you into their buyer’s list. They can bring you the deals. You do not need a RE agent for deals that are offmarket. Best of luck to you!

@Ben Balsbaugh how are you? I personally bought properties from wholesalers and I have also done wholesaling for commercial mtf. The way you can determine whether a wholesaler is good is by the way they underwrite the properties. Example…. If the wholesaler is not including really easy stuff such as vacancy (10%) and expenses at at least 40% for a property then that’s probably not a good wholesaler. If they are including these and are also estimating rents conservatively and you underwrite the deal and you are comfortable with that, then I will call them and ask them about the property and about their experience. If they seem knowledgeable and have the experience, most likely that’s a good wholesaler. 

@Michael Janzer I personally invest in tertiary markets and to be honest, I have found some hidden gems that are cash cows. One of my apartment complexes has a waiting list. My rule is simple, if there is a Walmart/HEB and a Starbucks I am in. These companies invest a lot of money in marketing. The pretty much do the job for you. The other thing that helps is proximity to things. How far is the property from the Walmart so you can rent to their employees? (Work out some type of deal with HR there). Hope this helps. Best of luck to you!

@Kimberly Gonzalez welcome!!! I am a commercial multifamily investor in the Houston area as well. Happy to answer any questions. My team and i can also help you find properties. Feel free to reach out 

@Manny Del Val I’m a commercial multifamily investor in the Houston area. Happy to share ideas, thoughts, answer any questions. 

Talk to hard money lender. It is more costly for them to foreclose than granting you an extension. As long as your loan is current, I’m pretty sure you can be given another extension. I’ve done it multiple times 

@Armando Santana Rebollar social media. Example, go to the facebook RE groups and post something like  “I have a few deals in the pipeline, who is a cash buyer? Drop your email if you want ti receive deals” Do this in all facebook RE groups in the city you want cash buyers for. It works! Also, RE meetups are so good to find cash buyers. I sold a property end of last year in a meetup I went to and the person paid all cash and closed in 2 weeks. Reach out if you have any questions 

I did 2 cost segregation studies end of last year / beginning of this. Company is nation wide but they have good prices. IM and I’ll send you the contact for one of the Houston based guys 

Sounds like the seller likes you and that’s the most important thing. I would continue to keep the relationship and call him every once in a while so whenever he gets ready to sell, you will be the first person that comes to mind. If he is not educated about seller finance, then you need to do so. Tell him about all of the advantages about it, including tax benefits and also that he will be the bank and you will not only pay the note but also interest. Also tell him that you will be using a standard state contract and you will close at a title company. You just need to make him feel comfortable by educating him. Best of luck to you!