All Forum Posts by: Ramiro Rodriguez

Investment Info:

Other fix & flip investment.

Purchase price: $13,000
Cash invested: $13,000
Sale price: $25,000

Vacant Land Flip

What made you interested in investing in this type of deal?

The ROI

How did you find this deal and how did you negotiate it?

Craigslist Listing

How did you finance this deal?

I used my personal HELOC

How did you add value to the deal?

I offered a quick all cash closing for a seller who needed money fast

What was the outcome?

I purchased the property and sold to the next door neighbor.

Lessons learned? Challenges?

You MUST be quicker than the next guy but also stay cautious when doing due diligence.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, I used a realtor. They called me after about a month afer inquiring about the property. when i called it was under contract already and i told her to let me know if the deal falls through. Well....IT DID and i offered a lower price that I initially did and was able to get it closed fast.

Investment Info:

Other fix & flip investment in Bandera.

Purchase price: $6,000
Cash invested: $7,000
Sale price: $12,500

Vacant Land Flip

Has anyone had experience with multi family new construction? In this hot market it seems like this makes the most sense, correct me if im wrong but the value in the quality of materials and brand new everything is probably worth the extra money in the long run. Im looking at properties that are 4 units that are in the 280-300k range. They are also 15-20 years old. I am able to build brand new for about 350K in the area im looking.

I agree, Boone Is also a BP member I know he works down there! 

@Christopher Gomez what part of south Texas?

@Dennis Bethea welcome! I was born and raised in McAllen.

Congratulations on obtaining your license.

@Joe Funari oh I like this idea! I didn’t even know this existed! Do you mind staying the name of the company? I’m also in Texas.

What are some good reasons to protest property taxes, on your personal residence or rentals? 

Has anyone had a good experience with this? 

What was your process like? I know it varies by county. But just curious!

What is the best way to transfer a property? My father owns a rental Free and Clear, He is okay with gifting it to me since i manage the rental and the deal with the entire process of keeping up the maintenance ect. Essentially i manage it and he is hands off. He is okay with that since our relationship is very close. My question is, Since i want to cash out Refi it and start the BRRRR process on another property what would be the best way to transfer the property to my name so that when i get the mortgage its in my name and not in his. We are in agreement and he is okay with doing this. Im looking for the best option without getting hit by uncle sams gift tax.

Any input helps!

Can you do a 1031 Exchange to purchase a new construction build? 

SFR to SFR.