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All Forum Posts by: Dan Delcorio

Dan Delcorio has started 8 posts and replied 24 times.

Post: Can you wholesale in IL without a brokers license?

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

@Jonathan Klemm I was specifically asking for Illinois. Although I am in Texas my partner/contractor is in Illinois. Mainly looking to make connections with those who can move wholesale deals in case we can’t fix and flip an opportunity/deal.

Post: Licensed Agents open to Wholesaling?

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

 I'm virtual (TX, real estate agent) and my contractor/partner is local to Joliet, Shorewood, Minooka, Channahon and Morris. 

We are looking to pick up fix and flip opportunities in these areas through direct to seller. Knowing we wont be able to flip every deal, we would need to wholesale/wholetail/novation some off...

In search of connecting with licensed agents/brokers that are open to Wholesaling deals we cant take down for a Fee of course....????

Post: Can you wholesale in IL without a brokers license?

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3
@Jonathan Klemm Can you refer any agents that will/can handle wholesale deals? 
Partner and I are looking to do fix and flip deals through direct to seller. Assuming we wont be able to flip every deal looking to connect with an agent who would be open to wholesaling some deals. 

Post: Looking for wholesalers in Illinois and indiana

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

Crystal, is your broker open to allowing their agents to perform wholesale transactions?

I'm virtual (TX, real estate agent) and my contractor partner is local to Joliet, Shorewood, Minooka, Channahon and Morris. We are looking to pick up fix and flip opportunities in these areas through direct to seller. Knowing we wont be able to flip every deal, we would need to wholesale some off.  

Post: Investor-friendly real estate brokerages to hang my license

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3
Quote from @Nadia Daggett:

Hi Michael, 

Yes, I am currently with a great investor-friendly brokerage. The brokerage has a complete package. They have 4 main divisions: Acquisitions, Property Management, Retail, and In-House investor-friendly lending. What separates this brokerage apart is that they work with investment properties above and beyond. Each property has an appraisal, photos, videos, full inspection report, along with a full ROI report for each acquired property before they are marketed. There is also hard-money lending and in-house lending for the investors as well. If you are interested in joining a brokerage that not only works the assignment side with investors but also retail real estate, please pm me. It would be great to chat.

Nadia, are you still with said Brokerage?

Post: question on cast iron piping

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

@Cindy Joseph

What’s you plans with the house? If flipping to sell I’d talk to some realtors and and see if it’s possible to sell a house with this situation when you disclose.

If holding for rental then I’d assume you can live with it until a actual problem arises.

Regardless I’d look to see if an exterior reroute is possible.

I had to do a 2300 sq ft house, bids were 35-45,000 for working under the house and liners. Got down to $17,000 doing the work on the exterior. We did have to open the slab floor to replace one coupler, luckily it was under carpet and not where I had just put down new lvp flooring.

Post: IBuyers competition and what to expect?

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

Looking at a home on this week, sounds like a light renovation, floors, paint, some master bath updating. Going to be competing against IBuyers. Any words of advice/suggestions in approach/evaluating the deal????

I feel like I’ve read they are known to over pay for homes?

Has anyone gone up against any? If so care to share some pointers?

Post: Talk some sense into me…

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

Starting a rehab, I’ve had five plumbers out, 3 came back with bids two of them are just under $11k (moving a toilet and shower drain on slab foundation and other misc.) the third is at $5k, of whom I had to write the contract up, confirmed the scope to match others, have found good reviews on a contractor site.

Obviously I’ve read be weary of the low bid, $7k is a tough pill to swallow on this one as it’s redlining my budget.

Amy similar experienced stories to share??

Post: When a wholeseller cold calls you.. how do you respond?

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

@Nick C. Can’t help but say I got two trash calls in the time of reading this thread.

Post: Renting SFR with a pool?

Dan DelcorioPosted
  • Flipper/Rehabber
  • Richardson, TX
  • Posts 24
  • Votes 3

Weighing my options on a home occupied by family who will be moving out this July. Debating on holding and renting or selling. Home has a pool and I’m not at all excited about renting a home with a pool. (Texas)

Any experiences that can be shared?

Any tactics implemented in a lease to be sure pool is cared for?

Owning the home for 7 years I’ve learned the TLC that is needed on pool upkeep.