All Forum Posts by: Dave Ramirez
Dave Ramirez has started 33 posts and replied 221 times.
Post: 1st investment property

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
You’re right I meant rent of $900
The actual deal is $300 if cash a month if you financed and include other expenses.
Post: 1st investment property

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
Too much of your investing money in your first deal. Find a turn key in Arizona that will generate lots of cash. Finance some of it from your funding and some from the bank. pay yourself back first and do it again.
Example - Property sold on 9/26/17
1601 W Sunnyside Dr UNIT 171,Phoenix, AZ 85029
$58,000 sale price generates $900 of cash a month
We have hundreds of these in Maryland too. Lower your numbers and decrease your risk.
This might be to low for a bank to invest so maybe look for a property around $100,000 kicking off $1300 in cash and you will be happy too. If you put $25K per property and had 10 properties you would have over $5000 of cash flow coming in every month after you pay your financing.
Post: Quick Newbie Questions

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
I have to agree with @Account Closed
You probably need more financing and more education before you buy an investment property.
I would also call every bank to find out what their lending terms are anyway to get more educated.
Why not a 4 unit with another bank? This would provide more cash flow and mortgage support (usually)
Your first time home buyer credit should cover most of your FHA requirements even on a 4 unit.
Or maybe just buy bitcoin and wait six months so you have more money to play with
Post: Need advice on a vacation rental website

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
Issue with PM - If you list more than one property you get PM or special designation on the site so people know they are dealing with a "professional"
issue with vetting owners - We use Task Rabbit for properties that are far away to take pictures of the property and to gather personal information and paperwork. I can get a tasker for $20 to do what your looking for.
Issue with vetting renters - Make the renters who received an invitation from an existing member renter get a discount on the vetting process. I would hope you do some sort of background check besides a valid credit card. Can you ask for their Uber rating?
Post: Leasing / renting space How to reply to multiple emails

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
We like the new canned responses on Gmail too.
Another simple solution is to connect your Gmail to Zapier.
Every time you receive an email message and you want to give the same canned email response, just give that email a star within two days of receiving the email. Zapier will do the rest. You only get one canned response per gmail account connected to Zapier.
Post: Looking for 36 Washer/Dryer Combo units.

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
Have you checked with Home Depot yet. I have been sent to the bid room for various things (Lumber, Lighting, Steel Doors), but I have never tried for appliances. I'd be curious what kind of discount they can give.
Post: help with direct marketing and listing source

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
James we do the same steps for our leads in Virginia. We would love to help you. We can use listsource.com or any other list provider and "clean" the list from the county court house records and MLS activity. Our results became markedly better after we started analyzing our list this way.
Post: What should I be doing first?

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
You have to build your list first even if buyers are annoyed by you at first.
Step 1. You can find out what zip codes are hot buy doing a listserve trick to determine the better zip codes. (Your cost $0)
Step2. Then you buy a list of recent absentee home purchases for $6 from Fiverr per zip code (hopefully you found 1 or 2 in step 1). If you spend five minutes per property and do some reverse engineering you'll figure out if the property was bought as a rehab. (Your cost $24)
Step 3. Some of the lists have phone numbers all of them have addresses. You can send a post card to the buyer and ask them to look at your properties for sale as long as they sign up for your list. You can call them and ask if they are looking for more properties like the one they just purchased (You may need to skip trace the investor). (Your cost $150)
Step 4. Put out bandit signs in the target zip code(s). Two types
4.1. "We Buy Houses ..." (Your cost - $200) Put out 10 every week at different areas of town until you find a good fishing hole.
4.2 "Please buy my house by Dec 1st or the bank will win. Tel/Text XXX-XXX-XXXX, 3 Bedrooms 2.5 Bathrooms" (Your cost - $5)
Step 5. After two weeks you should have a real buyers list of 100 cash buyer. Join other investors wholesale lists and offer to co-wholesale their property for free. You'll ask the buyer to throw you some funds at closing or just keep gaining knowledge and growing your list. (Your cost $0 - You might make money)
Step 6. You now have a power house list of 1000 names of private money, hard money and rehabbers. You can do deals yourself and stop being an annoying new wholesaler. (Laugh all the way to the bank)
Post: Seeking Private Money For Deals

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
Our marketing is working!! Getting more deals than we can handle. Looking for Private Money or JV to Fund new deals. Deed on real estate only. Worst case scenario funding is 65% LTV Deals. DC, Maryland & Virginia properties. Call or text (571) 444-8400
Visit us at Virginia Fair Offer
Seeking Private Money For Deals
Why would someone be a Private Money Lender?
The reasons someone might be a private money lender are clearer when you see some of the alternatives:
When someone invests in the stock market, they don’t know what their return will be. They may win, break even or even lose. If they are investing in a company that goes under, they lose their investment. They can't take possession of the company buildings, or office equipment and there is no collateral for their investment.
When someone keeps their money in a bank, mattress or low yielding investment such as CD’s or bonds they usually don’t even earn enough interest to offset inflation.
On the other hand, with private money lending, you can earn both a high and consistent return on your investment, and your investment is “collateralized” with the house which you are lending against. This adds a lot of additional security to the investment!
You always write a check to the Title Company (Trusted 3rd party) and not to the Investor. You are registered on Deed and can put dead 401K's to work for you.
Post: Looking for Private Money

- Rental Property Investor
- Ashburn, VA
- Posts 239
- Votes 119
Thanks @Tarik Turner I am on site all day and available in the evenings