All Forum Posts by: Pedro Ramos

Hey Pedro, I would agree with @Denver McClure. Find an experienced wholesaler to partner with on this deal. Give up a majority of the payout to learn the process. The knowledge will launch you much further than one assignment fee. 

Why not stick with your original plan - skip the wholesaling which is not risk-free - and vet a lender who will provide cash for an offer as long as you qualify for a mortgage upfront.  There are several of these companies so do the online search on it.  One is accept.inc (I know nothing about the company, have not vetted it so I leave that to you).  As a broker, I receive solicitations from several of these firms and in markets where cash sales rule, it definitely provides an option.

Hope this helps.  Again, do the vetting first.

Hey Pedro, congrats on starting your RE investment journey! I would recommend teaming up with an experienced partner on your first deal, especially if you want to wholesale and don't have any experience with it. Your VA loan is a great strategy if you want to house hack a property, so hold onto that option for the best available primary residence option in your area. Remember to evaluate each property thoroughly using formulas that include CapEx, Maintenance, Property Management, and Vacancy as well. Many new investors fail to include those expenses and end up hurting themselves on their first deal. Feel free to reach out if you need any help or advice!