All Forum Posts by: Jillian Kemmerer

Hello!! If you're in the Scranton/Wilkes Barre Area, come on out to our Investment Meet Up!

We have a great time, a great turn out - and with free drinks and light refreshments, how can you go wrong? 

If you plan on coming, drop a quick response on our Meet-Up page! Hope to see you there!

https://www.meetup.com/scranto...

Hello Everyone! Tomorrow is our Meet-up for August!

As always, it's a free event, and we always have a blast! 

Hey everyone! Our next meetup is Wednesday June 22nd and we’re looking forward to seeing you there for a Scranton meetup first: virtual AND in person guest speakers! Our topic this month is all about lending and securing funds for your next great investment.

Joining us virtually is Stacia Arnaud from First Keystone Community Bank. In her role as Vice President at First Keystone Community Bank, Stacia focuses on commercial services and brings over 15 years of experience and knowledge to her customers and community. Come hear from Stacia about how you can secure a commercial loan for your LLC to use towards your next investment.

Our in person guest speaker is Antonio Campanelli, Regional Director of Fund that Flip for the Philadelphia area. With an MBA in corporate entrepreneurship, Antonio will be sharing with us how competitive interest rates, and attractive loan-to-value ratios from a hard money lender can be an asset for your next fix-and-flip, fix-and-rent, cash out refinance, or new construction deal and will help grow your real estate business to the next level.

Hey! 
Hawley isn't EXACTLY where we are, but we have a meet-up that meets on the regular in Dickson City. 
Check out our next one here:



https://www.meetup.com/scranton-real-estate-investing-meetup/events/286292265?utm_medium=referral&utm_campaign=share-btn_savedevents_share_modal&utm_source=link

 Yes, he was offers $100/acre/year for 30 of the acres, with 2, Five year extension options. 
He wasn't quite interested in that - like I said - he's sort of been there, done that. 
He genuinely just wants to sell. I can't find any real motive other than he has held it since the 70s, and is slowly selling assetts to liquidate. 

 Of this I know - but I have had several people contact me asking if seller would be willing to parcel it out. So my idea is to parcel it out in larger bits (5 or 10 acre lots) in order to satisfy the zoning for building in the area, but still sell at a price that is about the same as the 1 - 1.5 acre lots. I would still make plenty of profit. I hope that makes sense? 

Thanks all! The Solar company offered us a lease, but it wasn't very appealing to the seller - Essentially, it is a situation of "been there, done that" for him. Also Gas leases. (Yes, all leases have ended with no renewals)

There is electricity, but septic and wells would be needed - so I was thinking I would parcel into 10 or even 20 acres lots - this would satisfy the agricultural desires of the zoning, and will allow for building. 
No big developements - think larger family properties, lots of privacy, etc.

Around here, lots are going for A LOT even for half acre parcels. I have no doubt I could make money - it's just figuring out how to get there from where I am = )

Hello everyone - I am in a little bit of a quandry, and I know that if ANYONE could help me figure this out, it would be my lovely friends at Bigger Pockets!!

So - I am a Realtor, and I have a large parcel of land listed - 142 Acres. It's listed for just over $5,000/acre - which is a GREAT price around here for the acreage, but the size of the lot is much larger than most builders want, and seller doesn't want to parcel out. 

I have been talking with a solar company - they want to buy a peice of this land (32 acres) for more than HALF the listing price. I have a contract from the solar company ready to sign - seller does not want to sell to them because of the hassel of parceling.

So - is there a way to get funding for the entire parcel, knowing that this offer is on the table? 

I have one call out to a company that deals with vacant land type situations - but figured I would ask all of you here, too. 

The land is in one of the best school districts in the area, and I am sure I could parcel out the remaining land for 10 acres parcels, or even leave the 100 for a developer to scoop up. With the solar company in the wings, I could sell the rest for a nice proffit, and have it still be a GREAT deal for the developer. 

If you're an investor, you DEFINITELY want to come to this meeting! We will be discussing
the topic of 1031 Exchanges. Taxes are often a scary or simply misunderstood topic-
Come talk about your options with some Pros! This meeting is going to be hugely insightful!

Super Helpful!! Thank you so much!! Most of my investment and Real Estate transactions have centered around residential deals - so this was super helpful. I was thinking the licensing would be an entirely different expense, not rolled into the loan. But the mixed use does throw a curve ball. Hm... 
Very good info indeed. Thank you so much!