All Forum Posts by: Daniel DiGiacomo

If its a tech savvy seller, I use docusign. If not, I overnight/fedex the contracts with a return envelope already in place. Make it as easy as possible.

I've wholesaled a contract in SC. Nothing special.

Have the seller sign a purchase agreement/contract, start title work, find buyer, assign contract.

Sounds like you gave the gist of it.

I have no personal experience buying/leasing/converting a church, but I found these two reads interesting.

http://baltimoreguide.com/http:/baltimoreguide.com/local-fitness-guru-establishes-a-new-kind-of-sanctuary-in-fell%E2%80%99s-point/

and

http://articles.baltimoresun.com/2013-12-18/entertainment/bal-baltimore-theater-communitys-most-memorable-experiences-of-2013_1_baltimore-performance-kitchen-ian-tresselt-baltimore-rock-opera-society

Zestimate is ridiculous. You need to look at actual sales... which you can do on Zillow. But you should confirm/verify the information with county assessment data (or tax data... somewhere you can see what property sales were recorded). Best of luck!

Looks like a decent deal to me! Congrats! Good luck! And remember, tenant screening is a HUGH factor in success as a landlord!

Sometimes I ask them about the last property they bought. Get some details... kind of hear if they are b.s.ing or not. And you can always ask for POF.

He wants $30,000 for a bus tour!? That's unbelievable. I believe I can learn something from everyone and I believe in the value of education, but in nearly any market you can figure out how to make 8-10%+ (and sometimes +++) on any real estate investment. Honestly, I'd suggest finding a local mentor and spending the $30,000 on your own deals. My two cents.

I wouldn't pay a whole lot of attention to the City Assessment. Are you buying from the bank or short sale from the owner/seller? I'm not 100% sure what you mean by type B neighborhood, but I'd assume you mean not the best house and not the worst? How long has the property been listed. The more days on market, the lower I'd offer.

Mike, you'll typically always use your EIN to open business accounts and lines of credit. The DUNS number is in addition to EIN. DUNS keeps a database of credit history on corporations. You can set up a DUNS number anytime and, say for instance, if you AMEX BUSINESS card does not show up on your DUNS report, you can contact DUNS and request that they research the account and include it in your report. It seems most banks now are requiring a PG (which means using your EIN and SSN) for most lines). Best of luck to you!

Nick, how are you? Typically I buy lists of up to date absentee owners (non owner occupied) and you can usually target you marketing to a particular seller age group, income levels, equity % levels, etc. I normally get a 3-5% response rate from my postcard marketing and a 8-10% response rate from yellow letter campaigns.

In PA, much like every State I believe you need a ratified Purchase Agreement (contract). If you want to be sure, I would have the contract notarized when signing. Other than that, you should be good.