All Forum Posts by: Jonathan Ramos

Hello Dexter,

Is this property still available?

@ Dexter Derr

Hello Dexter,

Do you have go have any pictures of the property? Also is the lease good until April 2017? So I will be assuming the loan of 27K?

Thanks,

Jonathan 

Dexter Derr Full Time Real Estate Investor from Erie, PA

@Justin Stamper Why is it a bad choice? I mentioned above that I needed help in determining the ARV. Isnt the point to buy the ugliest house in the neighbor? I had found houses within .5miles that sold for 170k sold 8/1/2016 there is house on the same street selling for 175k. So if you can please help determine the arv since you stated it was juiced what type of comps are you using what am doing wrong when looking for comps.

Thank you,

Jonathan

Hello AIl,

I need help estimating rehab cost and ARV on this property please help. I am new to BP. I think a found a property that can be worth looking at in the Orlando Market. I would also like to partner up if possible with someone on this project as it would be my first.

https://www.biggerpockets.com/calculators/shared/3...

Please help BP,

Jonathan 

@Justin Stamper Do you do direct mailer that links your potential clients to you to your website? Why do you think websites  don't bring in many leads?

Lawrence, 

Make sure you have and exit strategy just in case the deal isn't has good as you thought. If the deal is really good then investor will follow (this is what I have picked up in the Podcast).

Jonathan

Hello Raymond,

I read a little book on kindle for $2.99 that explained LLC a little more Using a Limited Liability Company for Real Estate Investing by Sara E. Holmes. It gave me a little more insight on how it can and can not protect you from being personally sued.

Jonathan

Welcome to bigger pockets Lawrence. I am also new here but from what I have learned from reading on the forum and listening to the podcast. To find a good deal it takes some work. There is not an easier answer it depends on what you are trying to do depends on your market that you are looking to invest in and what are you looking to do wholesale, rehab fix, buy and hold, note buy etc. From what I have learned the first thing you need to do is determine what you want to do. After that spend time on bigger pockets and learn how to determine if the property is worth investing. For instance, you have the 70% rule for rehab and fix then you have the 2% rule and then 50% for buy and hold these are some guides on how to determine if a property is worth buying.  

Once you have learned how to determine if a deal is good or not then I would move to the next step. Would probably be to create a business plan to determine the direction you want your business to go. Maybe then open an LLC (I am not a licensed attorney) you would have to speak with in attorney to determine whether it is best for you to go LLC of S Corporation etc then find a good tax accountant. This is all done so that it keeps you from getting in trouble with the law and also from the IRS. Next I would start with determining your market strategy and how you are going to implement. Prior to implementing that I would start to look for how are you going to fund deals and then start to look for investors. It is a small world out there and you don't want to provide your investors with bad deals as you may find yourself with no investors really quick.

Hopefully, this is enough to get you started in the right direction and Good luck!

Jonathan 

Hello All,

I am licensed real estate agent. My license is not active at the moment. My question is when I activate my license with a brokerage firm. How do I create a funneling website that will not break any real estate laws? For instance, I believe in the state of Florida you have to have your brokerage information displayed on your real estate advertisement. Please correct me if I am wrong. Here is what I am trying to do. I want to be able to find all types of deals even rehabbing properties to retail properties. Thru the funneling technique sending out direct marketing that we buy houses that lead's them to a website that I can capture their information.  I know in Florida Wholesaling is a shaking subject as to whether it is legal or illegal. Please help any information would be greatly appreciated. 

@ Zah Murray Welcome to BP.