All Forum Posts by: Joseph Scorese

Diversified Investors Group - Philadelphia Breakfast Sub Group

Every Friday

8:00 AM to 9:30 AM

Mugshot Diner 2424 E York Street, Philadelphia, PA

www.digonline.org

Networking in Philadelphia Every Friday Morning!

NETWORK, NETWORK & MORE NETWORKING! CREATE ADDITIONAL POWER TEAM MEMBERS TO YOUR REFERRAL TEAM!

Come out and join the Diversified Investors Group - Philadelphia Breakfast Sub Group in Philadelphia. The meetings are designed to help all types of area real estate professionals meet other professionals to exchange information and warm leads to assist in growing their businesses.

Joseph V. Scorese

Area Manager

Monument Bank

378 No. Main St., 1'st Floor 

PO Box 306

Doylestown, PA 18901

Tel. 267-455-0520

Cell 215-290-5108

e-Fax 267-244-4458

[email protected]

NMLS#391784

DIG South Philadelphia Wholesaling Sub Group: Property and Liability Insurance for Investors 101 & 102

Date & Time: June 22nd, 2015 – 6:30-8:30PM

Location: Famous Dave's Bar-B-Que, 1936 S Columbus Blvd Philadelphia, PA

14 Things you should know about Insurance as a Professional Real Estate Investor

When is a brick not just a brick? Are bricks in vacant properties really different that bricks being used to build a property (Builder Risk)

So what is Property Insurance?

Does it cover just the building or more?

What is this technical jargon: DP1 vs DP3 and why should I care?

What the heck is ACV? Ever try to buy used labor?

What is RC?

What is the difference between and agent and broker? Should I care?

Is Coinsurance my friend?

If a pipe breaks in the wall, will anyone hear it?

Who pays the rent after the fire?

Who pays for insurance and taxes on your burned out property?

If I have never read my insurance policy cover to cover what should I do?

How do I know if it is time to fire my agent?

Speaker;

Robert {Bobby} Maurone

Broker, Dwyer Insurance, Inc.

354 West Lancaster Ave, Suite 206

Wayne, Pa 19087

Telephone: 267 303 4590

Fax: 610 898 3813

Joseph V. Scorese

Area Manager

Monument Bank

378 No. Main St., 1'st Floor

PO Box 306

Doylestown, PA 18901

Tel. 267-455-0520

Cell 215-290-5108

e-Fax 267-244-4458

[email protected]

NMLS#391784

5 Top Tips Every Real Estate Professional Should Knows

Those who consistently make money in real estate know their market. They know the location and the history. They know what new developments are planned. They know the transportation and the schools. They know everything about the area where they invest. They have to know it all to make the most amount of money.

Being ahead of the competition in real estate investment means doing a lot of homework. If you are new to the business, it can be intimidating, 5 Top Tips Every Real Estate Professional Should Know.

1. Study Local Pricing

Study the current price trends in the area. A potential investor should look to see if the price of homes is accelerating faster in one area than in others. Also, check to see if the average home price is more than in other neighboring towns. This will provide an idea of where the biggest demand is.

1. Look for a Catalyst

One sign that an area is up-and-coming and that it will be desirable in the future is the development of new infrastructure. When you see new roads and schools being built, it's a sign that the community is set for a growth spurt. Investing in a growing community can be very profitable.

1. Explore Low-Tax Alternatives

Towns side by side - one with high property taxes and the other with low property taxes - the one with the lower taxes will usually be more in demand.

1. Check School Statistics

Nearly every state ranks its schools by how well students in each district fare on tests in math and English. Real Estate Investors should look for schools that are moving up or are atop the list. These areas are often desirable to families.

1. Watch the Outskirts of the Major City or Town

If the properties in a major city or town have become overpriced, the areas on the outer fringes most likely will soon be in demand. Areas in close proximity to major bus and rail transportation are even more desirable.

The Bottom Line

It pays to do your homework and to tap local resources to determine which areas are hot now and, more importantly, which ones will be hot in the future. Much of the information is out there and free for the taking. You just have to be willing to do the leg work.

Philadelphia Neighborhood Developers Association (PNDA)

Dear PNDA Members,

Next Meeting Wednesday May 27, 2015 @ 6:30 PM.

Our guest speaker this month is Steven Auerbach speaking on the topic of Investing in Medical Marijuana

Steve is the founder and principal of the Law Office of Steven T. Auerbach in Narberth, Pennsylvania. Mr. Auerbach is in the general practice of law and concentrates the non-marijuana divisions of his practice primarily in the areas of labor and employment litigation. Mr. Auerbach also serves as the executive director of the Cannabis Growers Association of Pennsylvania and currently chairs a regulated substances group within the Commonwealth. In this capacity, Mr. Auerbach has assisted multiple State Senators in the shaping of their drug-reform policies and has submitted proposed amendments, additions, and guidance to Senate Bill 3 (“The Compassionate Use of Cannabis Act”). Mr. Auerbach has been asked to join Senator Folmer's Cannabis Advisory Panel and to testify at a House Judiciary Hearing.

This month's meeting will be held in Room 238 @ 2424 Studios.Light refreshments will be served. Food service can be ordered or picked up from Mugshots Diner in the building.

Speaker begins at 7pm.

If you are new to the building, click here for a map to the room where the meeting is held.

2424 Studios: www.2424studios.com - 2424 East York Street, Philadelphia, PA 19125

Please feel free to share this with anyone that may be interested in joining us as we are looking to increase attendance, participation and reach.Do let me know of any topics or guest speakers that would be interested in speaking at future meetings.

We look forward to your attendance to this meeting!

Sincerely,

Marino Polidori

267-702-6739

[email protected]

In the past year, I have gone from self managing properties to giving up the majority of the duties to property management. Then deciding to open our own property management company. For the most part, we have been attracting clients that want to grow out of the 1-4 unit ownership and go bigger. There thought is to have property management involved so they can grow and focus on increasing the portfolio. Would like to get some other Bigger Pocket Members thoughts.

Joseph V. Scorese

Area Manager

Monument Bank

378 No. Main St., 1'st Floor

PO Box 306

Doylestown, PA 18901

There is always the debate which is the better direction. I see some borrowers handling both. Then some focusing on one or the other.

Where do you think is the point when a borrower should consider to Model out of SFR renovation rehab or Cash Flow and move up into small balance Multi Family or Development.

Joseph V. Scorese

Area Manager

Monument Bank

378 No. Main St., 1'st Floor

PO Box 306

Doylestown, PA 18901

Tel. 267-455-0520

Cell 215-290-5108

e-Fax 267-244-4458

[email protected]

NMLS#391784

Diversified Investors Group - Philly Riverwards Sub Group

Wednesday, May 20, 2015
6:30 PM to 8:30 PM
La Colombe Coffee 1335 Frankford Avenue, Philadelphia, PA

www.digonline.org
3rd Wednesday of the Month 6:30 - 8:30 PM
Diversified Investors Group & HAPCO – Philly Riverwards Real Estate Networking Group

May 2015 - Frank Gallagher - Highly accomplished construction professional managing high end multi-million dollar projects and personnel for 20 years. Background includes pharmaceuticals, healthcare, warehouses, retail, banking, multi-family, educational, hospitality, modular, and office buildings. Hands on experience with all phases of the construction process including estimating, subcontractor selection, value engineering, contract execution, procurement of materials and equipment, scheduling, supervision, budget management, and project completion/turnover. Problem solver with outstanding analytical skills; self -starter who requires little oversight; ability to multi-task & manage strict deadlines; outgoing personality; leader with keen vision.

The Event is a combination of two Real Estate Educational Networking Associations that include over 4000 members combined with the mixture of Novice, Real Estate Industry Professional and Real Estate Developers. The common thread between the members is Education and Networking themselves with the right Circle of Influence to create the Power Team which will provide Real Estate Successes.

Also, the Memberships focus is covering the latest information from Government, Policy and Industry Professionals that will impact there real estate portfolio growth. In addition, the Speakers are current with insight on various neighborhoods, projects and evaluations that when the attendee walks away from the meeting they are that much more informed of the City of Philadelphia and its Real Estate Renaissance.

Finally, we have attracted some very informed Past Speakers that have assisted in the attendance to grow every month which because of the amount of information given. There is a saying that will always hold true; Education + Networking = Opportunity. We welcome partnerships with other associations, organizations & etc. like minded providing this platform to their associates.

Diversified Investors Group - University City Sub Group

This Month Only at Landmark Americana!

Happy Hour Mixer

Every 3rd Monday of the Month 6:30-8:30PM

Philadelphia, REIA, Diversified Investors Group, Real Estate Education

Tree-lined streets, public gardens, and open green spaces make University City a verdant, livable community. Neighbors shop together for fresh produce at farmer’s markets, dine in cozy restaurants, and listen to open-air concerts and plays, all within blocks of the distinctive wide porches of the leafy residential areas. This unique and diverse neighborhood in West Philadelphia was named for the six colleges and universities that sit between 50th street and the Schuylkill River, but it is much more than a college town. University City grows each year, adding occupants, restaurants, world-class institutions, and programming, making it one of the most livable, well-kept, and friendly neighborhoods in Philadelphia.

We meet every 1st Tuesday of the month at London Grill, 2301 Fairmount Avenue Philadelphia, PA 19130

May - Apex/Rehab Financial Group/Recasa – Alternative Financing Round Table

Understanding Alternative Financing Options in Today's Real Estate Market

The DIG Philadelphia Commercial Sub Groups Mission is to create the Strongest Educational Platform for Real Estate in Philadelphia for the new to the very experienced real estate investor. Each meeting is filled with Real Estate Industry Professionals not just talking the talk. They are Full Time Real Estate Industry Professionals working every day at Success. Look forward to seeing you there and get ready to be part of Education, Networking & Opportunity.

Diversified Investors Group - South Philadelphia Real Estate Wholesaling Group

Monday, April 27, 2015

6:30-8:30 PM

Famous Dave's  1936 South Christopher Columbus Boulevard, Philadelphia, PA

www.digonline.org

This South Philly Wholesaling Subgroup is geared towards investors in the South Philadelphia area. The expertise ranges from novice all the way to expert. Education is one of the Sub Group's three core missions along with research and outreach. Recognizing the importance of educating future real estate professionals, the Sub Group does much to support and enhance the Program in Real Estate. The Sub Group provides attendees with a multidimensional perspective on the Philadelphia real estate market behavior in which the physical, temporal, economic, financial and social perspectives are relevant. One of the important ways the Sub Group assists real estate students is through providing access to top industry professionals. . The Sub Group utilizes its large professional network of members to bring

Landlord Tenant Review

• Leases - Why You Should Not Use the Standard PAR form

• Property Management - Tips and Practical Advice

• Eviction Basics - What You Need to Know

Leslie A. Margolies, Esq. Lawyer | Realtor® | Credit Repair Coach THE REAL ESTATE LAW GROUP The Property Problem Solvers Creator of the Bulldog Marketing Campaign™ 910 Harvest Drive, Suite 100 Blue Bell, PA 19422 215.646.2900 main office 215.740.9646 direct 267.419.2955 fax PA Attorney License #49213 PA RE License # RS323810 Each Office Independently Owned and Operated

4th Monday of the Month - 6:30-8:30 Education, Opportunity & Networking!