All Forum Posts by: David Ramirez

Hey @Jace Perez, 

It all depends on your approach to finding an investment property. At the end of the day, it's a numbers game. You have to determine what would be your end goal with the property you are looking to purchase, and when you know that you work backward to determine the steps that you have to make to accomplish it. 

There are opportunities everywhere, you just have to be ready when one comes so you can recognize it and jump on it. 

Good luck, 

David

Hey Niecy, 

It definitely depends on what you are going to be focusing on after flipping that property. I got my license after I did my first flip and It has been totally worth it. I use my license for investment purposes, I don't offer services as a realtor but I have helped friends and relatives acquire properties and it never hurts to make a 2-3% commission helping someone close to you. On top of that, you get to save money when buying and selling your properties until you reach a level where delegating that work to an agent is worth your time. 

Best of luck, 

David 

Hey @Jake Tiffany, 

Besides all the books on off-market properties mentioned above, I would recommend reading books about sales and negotiation because even if you get a motivated seller you still have to negotiate the property for it to make sense. 

A few that I recommend are: "Never split the difference" by Chris Voss and "100m Offers" by Alex Hormozi

Best of luck, 

David

Hey @Shashitha Francis, 

How much cash flow would you be losing if you refinance? 

If I were you I would try to get a rental property through seller finance before considering any type of refinance or HELOC. In today's market, there are tons of motivated sellers willing to do seller financing at a very low rate. You can even decide your monthly payment and have the loan amortized for as many years and add a balloon payment due in 5,7, 10, or 15 years that way the seller gets the money quicker and you have time to refinance when the lump sum is due.

Hope this helps, any other questions don't hesitate to shoot me a PM. 

best of luck, 

David

Hey @Jordan Ryan, 

Since it's going to be your first rental property I would not recommend going very far unless you are investing in an area where you have friends or relatives that could get to the property in case of an emergency. 

When buying a property for rental purposes I always recommend using https://www.areavibes.com/ to check schools' ratings, demographics, and crime rates, among other important indicators.

Best of luck,

David 

Hey @Matthew Martin,

https://www.areavibes.com/ is the website that I use when I want to know the demographics and crime rate of the area. 

Best of luck, 

David

Hey @Bert Chen, 

I got my license after I did my first flip and It has been totally worth it. I use my license for investment purposes, I don't offer services as a realtor but I have helped friends and relatives acquire properties and it never hurts to make a 2-3% commission helping someone close to you. 

@Michael L.

It's about the same. All they care about are the numbers nothing else.

Hey Naphese, 

I would just reach out to investors through bigger pockets that are flipping in your area and ask to help them in return for knowledge. 

Hey Michael, 

Yes, actually the lenders that I have used are out of state.