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All Forum Posts by: Sergio P Ramos

Sergio P Ramos has started 10 posts and replied 51 times.

Post: Rehabbing/Flipping late in the year.

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Shannon Mogilinskiits haha i did not. However,its definitely a thing. My strategy has been to buy long term investment properties during "seasonality effect". as is have not mastered the seasonality effect. But I would definitely like to hear more about your data driven strategy!!

Post: Rehabbing/Flipping late in the year.

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Bryan Montross thank you for this. I do tend to shoot for the higher ARVs. A simple adjustment. Question: have you ever accepted a loss to offset gains late in the year?

Post: Rehabbing/Flipping late in the year.

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Ben Trageser you are right. A good deal is a good deal. I do understand market conditions. I may not fully understand what drives the market and what to look for to stay ahead of the game, but I'm trying.. do you typically hold the property longer this time of the year? Thank you for the response.

Post: Rehabbing/Flipping late in the year.

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

How do you fair late in the year rehabbing/ flipping houses? Do homes sit a bit longer than usual? Is there anything that you do different rehabbing/Flipping late in the year?

Post: Seeking a willing Mentor.

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Mitch Messer ouch!!! But very true!!. Thank you for that!!

Post: Seeking a willing Mentor.

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

I'm looking for someone willing to mentor me. I understand that knowledge is not free. I've had a difficult time scaling up. I could use some real world guidance. If anyone is interested or could possibly point me in the right direction it'd be greatly appreciated. Thank you in advance.

Post: Can a seller legally avoid closing on a deal?

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Bob P. To be honest waiting out a year or 2 doesn't seem all that bad. The property will only increase in value. Yes it would still need rehab, and as long as I still purchase for the contracted price. I would definitely hold on for a year or 2

Post: Can a seller legally avoid closing on a deal?

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@David Ramirez thank you for this. It gives me some clarification on the matter. In terms of legalities.

Post: Can a seller legally avoid closing on a deal?

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Dan H. There are several reasons why I would say this particular wholesaler did not misleading the owner. 1st.. the purchase price remained relatively the same when I was offered the property before the wholesaler scooped it up. And the fact that I've known this wholesaler for quite sometime outside of the business aspect still has me believe there were no fraudulent or misleading practices done here. The wholesaler is only a wholesaler when he literally has no time take on other projects so he passes them on to me. Based on previous responses I understand now how wholesalers are perceived. I've found myself defending this wholesaler more than I planned to . Haha. When I posted this i was simply looking for some sort of direction or advice. The wholesaler is picking up the legal costs. So it's nothing for me to wait it out. But you make a good point. I wasn't thinking of the fact that I've might have to join in the litigation. Thank you.

Post: Can a seller legally avoid closing on a deal?

Sergio P Ramos
Pro Member
Posted
  • Flipper/Rehabber
  • Humble Tx
  • Posts 51
  • Votes 19

@Remington Lyman thank you for the offer. I'll reach out if needed.. as of now I can afford to wait it out. As they say "on to the next one"