All Forum Posts by: Jeff Amore

@Jem J. I understand your approach and will add you to my list in case anything happens to fit your needs. Have you thought about your strategy when you can no longer get conventional loans? There's a limit to the number you can get... I'm not sure what it is, but at some point, you'll need to look into some alternative funding.

Jem Jacala I can add you to my Philly multi unit buyers list if you'd like. I don't have anything like that at the moment, but you can stay updated on what's available. Let me know. Either way, congratulations and best of luck to you moving forward!

Welcome to BP! If you have any interest in eastern PA, give me a shout. Best of luck to you!

This is going to sound like a question on the SATs, but please bear with me.

If investor A has a property under contract with a property owner, and he/she enters into a co-wholesale agreement with investor B, whose role is to find a cash buyer for the deal, does investor B assume any legal risks based on the actions of investor A or any concerns/complaints of the end buyer (investor C)?

Always looking to expand my network. Touch base with me here, via email, phone, or website.

Just wanted to bump this... Let's get some deals done!

I heard just today that you can pull lists from the credit bureaus as well, which I would think would be extremely valuable. I have used ListSource and think it's a good resource. I have not yet tried the credit bureaus, but I would think there might be some additional information available through them that you might not be able to get through ListSource.

@Frank R.

Thanks for the suggestion and I asked that question of the seller. He wants to keep the portfolio together and doesn't want cherry picking.

I am working on a potential wholesale deal on a portfolio of rental properties and want to make sure I'm looking at it correctly.

I am evaluating each property individually, and then summing them all up into one group of numbers (asking price, purchase price, monthly income, monthly expense, etc.). Is that the correct way to approach this?

Also, as far as the end buyer, should I assume they get a blanket loan of some sort (assuming they don't have cash) and that there is just one purchase/sale agreement and one closing that covers all properties? 

In running my numbers, can someone tell me what a typical blanket loan would look like for an end buyer? I'm seeing 75% LTV, 5.5%-13% interest, 1-3 points, interest only. Is it safe to assume numbers in those ranges when evaluating a deal for buyers?

Thanks in advance!

My buyers list is growing and I have cash buyers actively looking for properties in Philadelphia and the Lehigh Valley. Please contact me if you have properties in these areas that you'd be interested in partnering on!