All Forum Posts by: April Molina

@migueltorres PM. I posted a few deals not so long ago that I have in Philly. We can do a drive by of properties I have available to flip. Check my profile and look at my post on the marketplace for wholesale deals.

Hello BP,

I am currently working on my first 2 flips and will putting both on the market mid September.

I've been reading tons of BP forums and listening to an obscene amount of podcast as I try to catch up. I am working on creating a concrete system and would love to hear from the BP family if it is better to buy leads from the websites that offer it or should I do the leg work and find my own leads by visiting city court of the county I chose.

I am sure there is a dozen or more forums on BP that answer my question and I have read tons and can't seem to find the answer I am looking for.

My goal is to hire someone in October after my flips close and use some of the profit to pay their weekly salary. I'll be hiring someone part-time to send DM and do other tedious task so I can dedicate more time on the task that will leverage my business.

Our DM will be yellow letters which will be personalized using a special font system that will allow the letters to look hand written and will be sent in color envelopes to add a personal touch. I am on the verge of purchasing a stamp from the post office that will allow me to stamp each letter. We (my husband and I) plan to send 1000 mailers a month, 250 a week.

We are also going to use social media marketing since social media is a growing platform for self promotion and using Facebook and instagram ADS will enhance our business by reaching out to people with videos and clips.

Does any else use social media for their business?

Can someone give some input on buying leads or finding them on your own, what do you think? 

That's awesome! Such motivation.

See you there, I hope to formally meet. 

Hello BP.

I have active wholesale deals in Philly under contract as of last week. If anyone is interested please send PM and we can set up a time to visit any property you may be interested in. I get deals on a weekly basis and starting today I will be posting them as they come.

I have a great team of contractors that I use in deals and have been very good at keeping cost down while doing effective work, ( See my previous post) I also have the RE agents for comps if anyone needs to run numbers.

See below!

1. 2433 N Douglas St 19132 - 3BR/1BA

PP- 25K

Comps:

3407 Ridge Ave - $120K

2462 N Natrona St - $90K

2. 123 N Salford St 19139 - 3BR/1BA

PP- $42K

Comps:

139 N 63rd Street - $225K

53 N 61st Street- $133K

3. 425 N Robinson Ave 19151 - 3BR/1BA ( occupied)

PP- $45k

Comps:

431 N 65th Street - $120K

414 N 60th Street - $116K

1230 N 59th Street - $154k

**( I have not had a chance to run numbers on the ones below)

4. 1314 W Roosevelt Blvd 19140 - 3BR/1BA

PP- $48K

5. 5613 Pemberton Ave 19143 - 3BR/1BA ( occupied)

PP= $46K

6. 1703 N Newkirk Ave 19121 - 3BR/2BA (occupied)

( DO Know homes in this zipcode are selling for above $200K)

7. 2605 W Oxford Street - (Vacant land)

PP- $45k

Triplex permit

( Homes are selling for over $200K)

8. 6009 Lansdowne Ave ( Multi-Fam)

PP- $50K

2 units and store front

9. 905 s 54th Street 19143 - 3BR/2BA ( occupied)

PP- $62K

10. 5739 N 12th Street 19141 - 3BR/1BA (occupied)

PP- $60K

11. 823 Brooklyn St 19104 - 2BR/1BA ( occupied)

PP- $28K

12. 6243 Market St 19139 - 3BR/1BA

PP- $55k

13. 3351 N Sydenham St 19140 - 3BR/1BA

PP- $15K

14. 1846 N 21 St 19121 - ( vacant land)

PP- $45k

Permit for Triplex

( Homes selling for over $200K )

15. 3238 N 17th Street 19140 - ( Vacant Land)

PP- $35K

16. 422 N Horton St 19151 - 3BR/1BA ( occupied)

PP- $40K

17. 1937 S Beechwood St 19145 - 3BR/1BA (occupied)

PP- $99,5K

More to come next week.

Please send PM if you are interested and no price is Firm.

Lets work!

April Molina, CEO

AA Invest Partners LLC

Hi Ben!

Thank you for the warm welcome. 

We used a hard money lender for this current deal in Philly, I am not sure if we could Refi, although I believe we can but I am not 100%. ( I would have to check the stipulation) 

I was thinking of selling this first asset to add to our cash at hand and buy 2 properties to hold thus being able to REFI those and double our buy/hold from there on. What do you think? 

Should I use the BRRR strategy starting with this one even though selling it will give us leverage on capital/Cash at hand?

I intend to buy in other markets on the east coast based on my research so philly is not my only option for buy/hold. Do you have any suggestions on good markets in the east coast? 

Kudos to you for having a home that will paid off soon. I can not wait to build our portoflio of buy/hold. 

Hello BP members,

My name is April and for the last 2 years my hubby and I have been actively investing in real estate as silent partners in CT. We had some bumps on the road in our personal lives and had to take a break from RE in 2016.

Currently we have a flip going on in Philly that began end of June 2017 and will be on the market end of August. PP was $50k, complete rehab cost was bid for 45k but with my negotiating skills and subbing some of the work, I was able to bring the rehab cost down to 35k. We project it will go on the market for $145k based on current comps ( I pull comps every 2-3 weeks)

I have been reading and educating myself on real estate like a mad woman for years. I am so passionate about this field and love the heck out of it.

Our goal is to take the profit from this flip and put money down for 2 rental income driven properties in current markets I've been studying. We have decided to do RE investing full force.

I am open to suggestions on what route we should go and open to any feed back. I've been reading BP forums for a while now and I still can't believe it took me this long to make a profile account and become a member. (smh)

Please keep and eye out for that post. :)

BTW- I do not know how to delete posted discussions. So you may see 2 previous post from me with the same content. Sorryyy ^_^