All Forum Posts by: Robert Ruiz

Stephen Moore I am from Sulphur/ lake Charles area!

I love using a realtor to purchase houses to flip, and have a great relationship with my agent. But when it comes to selling, in our market, I like to do it myself. I am not an agent, but am pretty good at showing my own house etc.
I know the guy I am working with is going to expect me to use him to list the flips when I'm done, so what Is a good way to make everyone happy in this deal? I don't mind paying a 2% for a one time showing. I would also love to get on the mls but don't want to pay 6% to a realtor.
Any suggestions ?

K. Marie Poe that's really good !

Hello
I am new to this site and am really loving all the info.
My wife and I love to flip houses. We are currently working on our 5,6,7th house right now. We are more traditional investors who just love working together along with our 4 kids in the business. I am a contractor and We also own several automotive service businesses as well.
I would love to know where to find private money to help get a deal done faster.
Well I look forward to reading so many great posts and learning from everyone here!

I am about to close on my first one. They have a bottom number they will accept from you. We started out offering $85k and they accepted. They canceled our contract 4 times because of things like signatures were missing on a single page or the llc name didn't perfectly match the ein name with fed. It about drove our poor realtor crazy. Lol, every time they cancelled it on us we made them pay us for our time and lowered the bid $1000. And they always took it until they finally just told us what their low number was. It took like 4 weeks to finally get a final contract but we saved $4k in the process! Don't be intimidated by them, just have a good realtor who has the patients to read all the rules and will be willing to stick with the process. You do usually have to wait 30 days after it goes in the market to make an offer as an investor, but you can also make your offer a back up if they don't ever get the price they start off asking for they lower their price and you may end up with the property. Especially if its a beater. Which is good for us! Good luck.
Ps I have tried to figure a way to get around the 30 day rule and buy it as a owner occupant, but it's not worth it. They got that all figured out and it could mean bad news if you ask grandma to buy it for you, lol !!

Tom Goans who is the guy offering 8%?

I was able to negotiate with my bank a 10% down on a conventional loan to purchase a house to rent. I wound up flipping it, and them went back to the bank an asked to do it again with another property but this time I wanted them to charge me only simple interest on the loan. They agreed. This bank was not in my hometown but about an hour away. They are very aggressive and looking to move into this area. To me, that's who you want to work with. There are plenty of 20% down banks here in town, and to me, if the deal works at 20% down, it will work even better at 10% down because ill be more liquid to finish the project through. I am kind of new to this, so I am not a guru or anything. The bank is now doing 3 more deals with me under these 10% terms. :)

First one is Easy to read
Second one is really creative but you can't read Bartlett.