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Archive of Frank DeFazio

Frank L. DeFazio sells Philadelphia Real Estate and Philadelphia Condos for Prudential Fox & Roach in Center City Philadelphia. Frank is a real estate agent, investor, developer, and founder of the CenterCityTeam. Read more from Frank at his Philadelphia Real Estate Blog

Frank has written 17 articles for The BiggerPockets Blog.


Foreclosures

Caveat Emptor: 2 Common Mistakes To Avoid When Buying Short Sales and Foreclosures

by Frank DeFazio May 11, 2013
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Short sales and foreclosures are have been hot commodities in the real estate industry for the last few years because buyers and investors believe that they can purchase these homes far below fair market value and in many instances they are correct.  This post identifies two potential sources of risk for buyers of short sales […]

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Real Estate Investing

3 Mistakes To Avoid When Selling Real Estate

by Frank DeFazio April 27, 2013
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Selling your home in the post-housing crash world can be more challenging than in previous times and any real estate investor should do as much as possible to avoid making mistakes that can prevent the home from selling or seriously affect the final home sale price.   While no home sale will go off without a […]

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Real Estate

10 Last Minute Tax Deductions For Real Estate Investors

by Frank DeFazio April 12, 2013
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If you’re anything like me then you’re probably scrambling to get all of your paperwork together last minute so you can file your tax return on time.  Owners of real estate, like owners of any other for profit business, are able to reap major tax benefits if they know what they are doing at tax […]

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Real Estate Investing

4 Things The Kardashians Teach Us About Real Estate Investing

by Frank DeFazio March 27, 2013
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I’m ashamed to admit it but my wife has me hooked on Keeping Up With The Kardashians.  For those who are lucky enough to not know who the Kardashian’s are, they are a family of socialite reality TV stars whose lives are chronicled nightly on the E! Network.   In addition to their reality TV success, […]

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Real Estate Investing

4 Ways To Get Buyers to OVERPAY For A Property

by Frank DeFazio March 17, 2013
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Anyone selling real estate for profit is always trying to figure out to get the highest possible sale price for the property they are selling.  Here are 4 things anyone selling real estate can do to maximize their sale price. #1 Capitalize On Low Supply A developer friend of mine was always complaining about how […]

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Real Estate Investing

5 Ways To Get Down Payment Money To Purchase Investment Properties

by Frank DeFazio March 6, 2013
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Often would-be real estate investors are ready, willing and nearly able to dive into the real estate investing pool but they don’t have sufficient money for the mortgage down payment required by lenders.  Mortgage down payments on non-owner occupied properties require 20% down for single family properties and 25% down for multifamily properties (1-4 units) […]

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Real Estate

Four Steps To Determine A Home’s Fair Market Value

by Frank DeFazio January 31, 2013
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There seems to be a lot of confusion and ambiguity regarding home valuation and how exactly to best determine the fair market value of a property.  For obvious reasons, the issue is paramount in importance to those in the investment community.  Determining the fair market value of a property  can be tricky but I believe […]

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Technology & Social Media

How To Set Up Your Very Own Real Estate Website

by Frank DeFazio January 18, 2013
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It’s a known fact that almost everyone buying or selling real estate in today’s market relies heavily on the internet.   So much so that having a real estate website with social media exposure may now be a necessity for the real estate investor looking to sell his own flips or to find sellers to buy […]

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General Real Estate

4 Hidden Costs That Can Sneak Up After Buying An Investment Property

by Frank DeFazio January 10, 2013
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Anyone buying real estate as an investment knows the type of rigorous financial analysis necessary to make sure that the individual investment property will be profitable for the duration of the holding period.  When running your numbers it is critical that the investor avoid underestimating expenses or a cash flow positive property could quickly become […]

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Real Estate Investing

Real Estate Investing Resolutions For 2013!

by Frank DeFazio December 28, 2012
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Let’s face it; we’re all here for the same reason, to learn about real estate investing from other investors and to hopefully improve and grow our own real estate businesses. Every year around this time people from every walk of like to reflect on what practices worked for them during the previous year and look […]

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Real Estate Investing

Should You Stop Searching For Real Estate On Trulia and Zillow!?

by Frank DeFazio December 20, 2012
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Most real estate investors are obsessed with finding the next great deal.  So much so that they stay up into the wee hours of the night scouring the internet for properties, sometimes in far away cities, so they can generate excel charts full of data and analysis.  As real estate investors know, our livelihoods depend […]

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Rental Properties

How to Evict a Tenant: What to Do When the Tenant Stops Paying

by Frank DeFazio December 13, 2012
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It is every real estate investor’s worst nightmare: your tenants have stopped paying rent . . . now what? If you own enough properties or are involved in real estate long enough it’s bound to happen and knowing how to handle it will make the entire process less stressful. As my readers know, I recently […]

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Real Estate Investing

How Real Estate Agents Can Be An Asset To The Real Estate Investor

by Frank DeFazio December 6, 2012
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Everyone who’s investing in real estate is looking high and low for the next killer deal.  Some real estate investors argue that they get their best deals by generating their own leads and and that all properties listed on the MLS are overpriced and thus not worthwhile.  This begs the question of what value, if […]

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Flipping Houses & Rehabbing

Be a General Contractor for Your Own Renovation Project In Just 8 Steps

by Frank DeFazio November 29, 2012
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I’m closing on a triplex (two 2bed/1bath units and one 1bed/1bath) on Monday that needs renovation and I’ve decided to GC this project on my own.  I sat down and started getting my thoughts together about a calendar and timeline and I realized that this process would make a great post for anyone doing their […]

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General Real Estate

Appliances – To Repair or Replace: That is the Question

by Frank DeFazio November 22, 2012
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Got a text message from a tenant recently that said the following: “Hi Frank – There is a problem with our heat. It was working well then a few days ago it stopped making warm air and started making a loud noise. It also smells like something is burning.  We turned it off for the […]

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