All Forum Posts by: Ulises Romero

Gents!! I'm in Korea also. I'm down in Geoje by Busan. I fly back to the States every month. (Month here then a month in Houston, Tx) let's connect and do some deals!

I just did started a DM campaign and used addresses acquired from Real Acquisitions. Have also purchased lists from list source.com. My county website also offers probate leads via email daily in a excel file format. Check if your county does the same.

I'm curious If that's you're purpose then why bother being licensed? Prepping for your license has cost and time consumption that won't help you for learning to flip. For what? To save 3% commission? You should include all cost into a deal analysis before you go into the deal. If your heart is stuck on being license for the mere creditability of owning one, do some wholesale deals and/or flips then reconsider. My personal opinion...

Assignment of contracts is a very common practice of real estate investors and especially for wholesaler whom this is their main source of income. Wholesaling (assigning contracts) can be the most cost efficient strategy, lowest risk, and sometimes the one requiring the least amount of capital. -U. D. Romero Www.dromeproperty.com

My intent is to wholesale to a landlord. Home needs no repairs and is rent ready. Maybe paint and a carpet wash. $5K Max. Landlords here are paying 80-85%. Seller is pretty firm on price and willing to list at full price.

Need assistance negotiating here. Seller is pending divorce and their home has to go. Location is hot. I recieved two CMA reports from two different agents putting the home around 268-272k ARV. Owner owes 160k on the mortgage has basic understanding of his home's value. He want's to cash out and maximize. I offered 213K-cash, he countered with 245K. Just before I responded, I decided to come here and get some opinions. I want to offer 220K and thats my top. What other options can we create here? I can let him know that since I won't buy it myself at 245K, but I can find a buyer for him and take my assignment fee? I don't want to let this deal slip and go to some listing agent, especially when owner doesn't want to pay commissions and rather go FSBO.

Apart from Hard Money lenders, I've been working to find my own private lender. He's interested and now we've reached a point to discuss payment. Do I offer just a flat percentage return after 90days? How are you structuring deals with private lenders?

Apart from Hard Money lenders, I've been working to find my own private lender. He's interested and now we've reached a point to discuss payment. Do I offer just a flat percentage return after 90days? How are you structuring deals with private lenders?