All Forum Posts by: Ricardo A Perez
Ricardo A Perez has started 14 posts and replied 87 times.
Post: Seeking “Biggest Mistake/Lessons Learned” Stories for BP Magazine
- Hollywood Florida
- Posts 89
- Votes 46
Wow.... thank you for sharing you situation.
Post: Which came first the chicken or the egg ? Deal or financing ?
- Hollywood Florida
- Posts 89
- Votes 46
@ Brian Holt thank you so much for the advice.
Post: Which came first the chicken or the egg ? Deal or financing ?
- Hollywood Florida
- Posts 89
- Votes 46
Hey BP family,
Ok I need your help I have decided that I want to do my first flip deal with in the next three months. I live in South Florida currently. I I have 10k-15k to put in the deal along with the hussle. I am planning to use hard money to cover most if not all of the project. I would like to find a single family home with 3 bed 1 or 2 bath or 2 bed with enough square footage to add a room. I would not mind a partner since it is my first deal. The question I have is should reach out to some hard money lenders and get pre-qualified and then get the deal or find the deal first and then worry about the financing thoughts ?
Post: Why not low ball when you know the seller is motivated?
- Hollywood Florida
- Posts 89
- Votes 46
@Lan Raby thank you for your service ! I am in south Florida but love visiting the Jacksonville and St Augustine area more laid back.
Post: Do you pay taxes on cash flow ????
- Hollywood Florida
- Posts 89
- Votes 46
@Joe Splitrock love that explanation positive cash flow but taxes loss at the end of the year.
Post: Do you pay taxes on cash flow ????
- Hollywood Florida
- Posts 89
- Votes 46
Wow.. so glad for everyone’s response sorry I could not respond to all. But so thankful I can start a great discussion !!!!!
Post: My first deal a Multifamily 6 unit
- Hollywood Florida
- Posts 89
- Votes 46
@Menachem Bloom Glad to Here fellow BP looking into deals. So I am new to investing. These our my thoughts. There is a lot of more information needed example all operating cost example insurance,utilities,vacancy, repairs to name a few. Did the owner provide rent roll and expense report ? What is your financing strategy ? 25% down,BRRRR, owner financing just to name a few. So there is more information needed to give an educated opinion. Let me if there is anything I can do to help remember I am a new investor too lol.
Post: Why not low ball when you know the seller is motivated?
- Hollywood Florida
- Posts 89
- Votes 46
@Lan Raby love “the number are the numbers. There is no place for emotions or Pride”I totally agree when you present hard facts on why my offer is what it is. Thank you I will use that in the future.What part of Florida do you invest in Lan ?
Post: Seeking “Biggest Mistake/Lessons Learned” Stories for BP Magazine
- Hollywood Florida
- Posts 89
- Votes 46
@klye jones thank you so much for the motivational words and yes, I am eager to jump in. You can only read so many books and listen to so many podcast.cant wait to hear the comeback story !
Post: Seeking “Biggest Mistake/Lessons Learned” Stories for BP Magazine
- Hollywood Florida
- Posts 89
- Votes 46
@Klye Jones wow..... I can express how grateful I am for you’re transparency thru your struggles on your first deal. I am currently in the planning and research faze and looking for a deal if one. Sorry that you had to experience it but know from a fellow BP member you have tought me so much