All Forum Posts by: David Ramirez

Wholesaling is not easy! Nothing worth doing is going to be easy.

It takes time to develop the systems and processes needed for consistent results. Like I’ve mentioned countless times here on the BiggerPockets forums, wholesaling is all about sales and marketing. If you’re expecting to get a seller under contract with just logic and numbers, think again—you’ll end up wasting both your time and money.

I’m not a coach; I can only share what I’ve learned from my own experience. I’d be happy to hop on a quick call and give you an overview of my business if that would help you set more realistic expectations.

What's your goal? 

I would highly recommend you talk to @Austin James Weed, he is our go to for DSCR and Hard Money Loans.

Did they give you any reason for the drastic change? 

You might want to hear a second opinion, reach out to @Austin James Weed we should be able to help you out. 

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.