All Forum Posts by: Fred Ramos

Try  to get knowledge from local agents..  You don't need to live there in order to get  a lot of  information.. Call 5 brokers and get  their opinion on the local  market.   I would also look at historical data maybe going back 10 years.  That should give you a broader understanding. Once you understand the market, i believe it will be easier for you to make the decision. 

To me it  comes down to time and effort. You should expect  to  get anywhere  from 8% to 12%   on a passive investment and you should expect a higher return base on the amount of work and time  to get the a note  performing. How much to expect,  as you said, is totally up to you and how you value your time and the opportunity. i would put more value a  note that is in  Texas, than  a note that's in Detroit, 

Also, look at risk. 

you should command a higher yield on a re-performing second. or a higher yield on a note that's located on a judicial state. 

 So to recap i would look at lien position, location, performing l re-performing? 

Creating a personal criteria  and pinpoint exactly the things that are  important  to you, should help. 

Getting tired of Landlording @Ray Trounday.? 

@Juan Maldonado truly sorry  man.  While updating my  information here on BP and came across this response which i never responded.  I am not  too active here on BP, so i beg your pardon. 

To answer your question,  we create real estate notes  in San Antonio, TX    i notice that you are in Austin.  We should probably hop on a quick call to see if we can find some sort of  synergy.    i used to live in PA  also. 

currently looking  to buy  land  in/or around Medellin..   if anyone knows of anything please send me a PM

i have a performing first lien for sale in San Antonio TX..  For questions  about this  note and other  opportunities, call 210 606 7351.. 

3bed 1 bath dettached garage.

House sold for $55,000

UPB 52,000

12%

20 years

monthly PI $572.56

PITI = 756.13

DTI 18.23%

I am seeing a lot of offers from creditors for business lines of credits, but they aren't your typical banking  institution.. 

Can anyone recommend a tried and true  lender doing  this kind of loans.. 

 Thanks in advance

Super Stoked  to hear  Anita.. Much success  to you all. Keep it  up. 

@Nathan Seltzer  [email protected]  do you have anything? 

Wholesalers, birdogs and the like..

looking for deals under $60k in San Antonio, TX

west side, east side, south & southeast...

If you don't know what you are doing, i'll walk the properties with you and help you negotiate...

i'm looking to buy 5 to 7 deals a month..

call or text me 210 606 7351 email me at [email protected]

Let's put some money in your pocket!