All Forum Posts by: David Ramirez

No. Is it a PPL service? 

We are a title company state. There are many investor-friendly title companies around. I use Albatross title services out of Saint Petersburg FL

Hey Angela, 

I would recommend throwing this in a local investor facebook group in your area. You will get a quicker respond 

IMO, your offer should really be based on a flip as the main exit strategy. As a rental, if you can’t rent long-term and at least break even when you refinance, it’s not a good deal, too much risk there.

What are your holding costs looking like?

Are you financing the rehab?

What % of the $140k is going to operating expenses?35%?

How much could you rent it for long term if you had to?

How would a variable purchase price work if you’re transferring ownership at closing as a sub-to? Are you structuring this as a partnership with the seller?"

Hey Saheed, 

I'm in the Florida market but feel free to reach out with any questions! 

I recommend posting this in a local investor Facebook group so you can get a quicker response.

Hey Austin, 

Before trying to wholesale, you have to fully understand what makes a property a good deal for an investor (flipper or holder) to be able to reverse-engineer the process and come up with your MAO.

Network with flippers in your area and simply ask what they're looking for in a flip. Are they focused on a %ROI or a net profit per deal?

For example, in Tampa Bay, I know I can sell a property all day at 80% of ARV minus repairs, so my offer would be that result minus my fee.

Just get a license, which is ridiculously easy to obtain nowadays.

You need to sign a regular purchase and sale agreement with an assignability and marketing clause with you as the buyer. Then, when you find an end buyer, you would just sign an assignment agreement.

Fee free to reach out with any questions 

Kitchen and Master bath will sell the house