All Forum Posts by: Ozzie Ramirez

Hey Clarence. I live and work here in Pearland, I know it like the back of my hand. There are mainly 2 zips here, 77581 and 77584. 

77581 - Some call it "old Pearland" close to the High School.

77584 - Some call it "new Pearland" which is the side close to 288.

Both of them are filled with properties that are skyrocketing in value. To be completely honest with you, it might be very tough for you to find an SFR here for under 200k. The beautiful thing is we have two that will be available at the end of May. They are in the Woodcreek subdivision which is in 77581. It might be right at that you are looking to spend, but I'll give you first shot at it. Once these property hits the MLS I guarantee it will be in a multiple offer situation

Investment Info:

Single-family residence wholesale investment in Houston.

Purchase price: $40,000
Sale price: $55,000

An agent on my team cold called a specific neighborhood and found this gem. The owner was in a difficult situation and needed the entire funds in 3 days.... He met with 7 other wholesalers that offered him a higher price, they specifically offered 10-15k more than we did. Do to the fact that we meet with roughly 7-10 sellers a week, we know how to build rapport with people and build a tight relationship. We did exactly that with him, he knew and understand that if anybody in the City of Houston could get the job done that it was us. We got him under contract and sold it to a Pocket buyer and walked away with a 15k profit in about 7 days....

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

Saw an opportunity and executed on it.

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

Found out the owners deep motivation.

How did you finance this deal?

Nothing out of pocket, made a few phone calls and locked it in with my buyer

Investment Info:

Single-family residence wholesale investment in Houston.

Purchase price: $40,000
Sale price: $55,000

An agent on my team cold called a specific neighborhood and found this gem. The owner was in a difficult situation and needed the entire funds in 3 days.... He met with 7 other wholesalers that offered him a higher price, they specifically offered 10-15k more than we did. Do to the fact that we meet with roughly 7-10 sellers a week, we know how to build rapport with people and build a tight relationship. We did exactly that with him, he knew and understand that if anybody in the City of Houston could get the job done that it was us. We got him under contract and sold it to a Pocket buyer and walked away with a 15k profit in about 7 days....

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

Saw an opportunity and executed on it.

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

Found out the owners deep motivation.

How did you finance this deal?

Nothing out of pocket, made a few phone calls and locked it in with my buyer

I have been cold calling as a Real Estate Broker for listings for years in the Greater Houston area, bringing my company to closing over 200 transactions per year. Recently we shifted our business model to calling for investment properties and we are coming across more and more multi-family, SFR, and other types of investments than ever before. So, I am moving from going on 12-20 appointments of meeting homeowners who are thinking of selling per week to 10-15 investment appointments with people who HAVE to get out of their situation per week. Some of these deals are great money makers and I am buying several for me. Yet, it is painful to watch so many great deals slip away, and I do not have a great wholesale/investor database. I am looking for all options... Private funding, business partnerships, etc... Hit me up and let's talk opportunity.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $22,000
Cash invested: $26,000
Sale price: $100,000

Distressed seller wanted to get rid of the home. Owed $12,000 in back taxes and wanted to net $10,000. I paid her back taxes and cut her a check for the $10,000. Rehabbed the property for about $26,000, rented it out for a few months, then sold it for cash within weeks of listing it. Net: $40,966.27 according to settlement statement and all supporting documentation.

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

The margins were too good to pass on.

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

A friend form HS dropped this in my lap. She knew I was in real estate and she had a friend that needed money and wanted out of her house before she got foreclosed on. She wanted $10,000 net, I gave it to her.

How did you finance this deal?

Hard Money.

How did you add value to the deal?

Removed a pony wall, replaced all flooring, re-painted, fixed A/C and water heater, got rid of horrible cat smell. I had my kids scrub the garage floors with bleach and push brooms. It took 4 times to get the smell out.

What was the outcome?

Rented for a few months, the sold it. Made a solid return.

Lessons learned? Challenges?

I wish I would have held this property and still owned it as a rental.

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

I represented myself in the transaction. Used an initial lender for the hard money, then re-financed into a long term loan with a Rosegate Capital, Jon Burns.