All Forum Posts by: Ramon A Gomez

Thank you sir!

I own a few duplexes in Midland and Odessa. Appraisals are always an issue due to a lack of comps. Depending on the rents and condition of the property, you could find a value or at least a price that would cause it to sell. Feel free to reach out. I would be happy to help. 

I am a local realtor and investor. What type of investing are you looking to get into?

Investment Info:

Single-family residence buy & hold investment.

Cash invested: $80,000

Acquired this property Sub-to as a quick flip with minimal repairs required. I listed it for a month, then decided that cashflow would be strong with the current mortgage. I rented to assisted living as a 5/3.5; it was ideal.

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

Equity position

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

Wholseller

How did you finance this deal?

Private money & subto

How did you add value to the deal?

clean up

What was the outcome?

Long term rental 2k monthly cashflow

Lessons learned? Challenges?

Title work

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

I am a local agent and represented myself in the transaction.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $160,000
Cash invested: $30,000

Took this home from bad to glam in 1.5 months for a healthy profit.

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

Speed of captial increase.

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

Wholeseller

How did you finance this deal?

Hard Money

How did you add value to the deal?

Updates the seller had no interest in doing.

What was the outcome?

Flip

Lessons learned? Challenges?

Everything always takes longer and is more costly than projected.

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

Ramon Gomez Realtor in Midland and West Texas

 Thank you Sir!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $145,000
Sale price: $430,000

Old Midland Charm From REO to Luxury 4/3/2

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

The numbers made sense.

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

MLS property was priced well got to it very quickly.

How did you finance this deal?

Hard money

How did you add value to the deal?

Completly updated home to neighborhood standards.

What was the outcome?

Beautiful home learned a ton!

Lessons learned? Challenges?

Everything always takes longer than expected.

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

Accelerated funding for hard money.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $35,000
Cash invested: $85,000
Sale price: $205,000

First Flip

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

The opportunity!

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

The Realtor called me and said it was too ugly to list.

How did you finance this deal?

Hard money

How did you add value to the deal?

Completly updateing home.

What was the outcome?

Successful flip, I met a great contractor and learned a lot.

Lessons learned? Challenges?

Jump in, then learn to swim.

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

Accelerated Funding did a phenomenal job with the financing.