All Forum Posts by: Joseph Scorese

Hi Doug,

How are you.

Where are you placing the HELOC on? Your Primary or another Property?

Nothing wrong in establishing a construction loan on the property so you can at least refinance the debt after completing the property if in need to rent instead of flipping and you are not tying your money up in the property directly.

Regards,

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 – South Philadelphia Sub Group

February 23rd, 2015 6:30-8:30 PM

Famous Dave’s BBQ - 1936 South Christopher Columbus Boulevard Philadelphia, PA

4th Monday of the Month 6:30 - 8:30 PM

Speaker & Discussion:

Mark S. Danek, Esq. 350 Sentry Parkway East Building 630, Suite 110-A Blue Bell, PA 19422 Ph: (484) 344-5429

Practicing law since 1999, Mark possesses a substantial amount of legal experience in corporate law and real estate.
Early in his career, Mark was in-house counsel to a real estate investment trust ("REIT") located in Pittsburgh, Pennsylvania, and owned by a publicly traded corporation based in Virginia. As in-house counsel, Mark aided in the start-up and management of the REIT's legal department which specialized in real estate development and the collection of delinquent municipal receivables. While there, Mark:
•Executed numerous real estate matters related to properties purchased at Sheriff’s Sale, such as sales contracts and closings, for the REIT’s development department;
•Reviewed titles to real estate to ensure properly vested ownership;
•Negotiated contracts with the REIT’s vendors;
•Provided legal opinions to corporate executives on pending corporate transactions;
•Presented motions on a daily basis to the local Court of Common Pleas; and
•Filed and managed tax lien foreclosure lawsuits and ejectment cases.

During his undergraduate studies in architecture, Mark worked at Temple University’s Health Sciences Campus in its Planning and Design Department.

While there, Mark completed several design and drafting projects related to the renovation of existing hospital facilities and the development of a new hospital.

DIG/HAPCO Philly Riverwards Sub Group

February 18th, 2015 6:30-8:30 PM

Johnny Utah’s Philly 461 N 3rd St, Philadelphia, PA

3rd Wednesday of the Month 6:30 - 8:30 PM

Mike McCann “The Real Estate Man” Associate Broker The McCann Team BHHS Fox & Roach Realtors

For 27 years, He has been a top selling REALTOR®, having personally sold over 6,000 homes, with sales in excess of $2 Billion dollars.

Discussing the Future of Philadelphia Real Estate

A native of Philadelphia and graduate of the Temple Real Estate Institute, Mike McCann is well acquainted with the neighborhoods, geography and culture of the city. Mike is known as “The Real Estate Man” because of his extensive knowledge of and stellar reputation with Philadelphia and its real estate. For 26 years he has been a top selling REALTOR®. Mike is proudly associated with Berkshire Hathaway Home Services, Fox & Roach REALTORS®.

In 1996, Mike decided that in order to ensure home buyers would receive quality service, he would build a team of agents, or “Buyer Specialists”, who were commit ted to a professional standard of practice and would focus on his client’s needs. The McCann Team has continued to grow and now con sists of 14 Buyer Specialists and 6 full-time assistants. The Team’s knowledge, expertise and professionalism allowed them to settle 607 homes in 2013. They are committed to providing the highest level of service to their clients and strive to build lifelong relationships.

Diversified Investors Group - University City Sub Group
Monday, February 16, 2015
6:30 PM to 8:30 PM

Harvest Seasonal Grill - Philadelphia
200 S 40th St, Philadelphia, PA
www.digonline.org
Every 3rd Monday of the Month 6:30-8:30PM

Speaker & Discussion;
Laurence Elliott
Century 21 Advantage Gold, Southampton, PA
Associate Broker • Southampton, Pennsylvania

Overview of Landlord-Tenant Laws in Pennsylvania
As the owner of a rental home, you have certain legal rights. One of the most powerful rights you have is to evict the tenants of your property. However, you must exercise this right of eviction according to the law. In Pennsylvania, that law is the Pennsylvania Landlord Tenant Act. We will discuss the following;

Diversified Investors Group – Philadelphia Commercial Sub Group

Tuesday, February 3, 2015
6:30 PM to 8:30 PM

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

Discover your Personal Path to Real Estate Investing Success “Are you tired of “gurus” telling you their “system” is the best way to real estate success?” The truth is there are MANY paths to real estate success but it all begins with YOU. Come discover your own path to Real Estate success! During this presentation, you will learn how to discover and leverage your strengths in real estate investing. Attendees will participate in a powerful exercise to gain personal insight in five critical areas including: 1. Assets 2. Time 3. Skills & Knowledge 4. Personality 5. Drivers

BIO -- Presenter Elizabeth Faircloth has been a long time SJREIA member and subgroup leader. She and her husband, Matt, bought their first duplex 10 years ago outside of Philadelphia. Shortly after, she co-founded The DeRosa Group (www.derosagroup.com) with Matt. DeRosa is a privately owned real estate development company with a vision to "transform people's lives." They have a diversified portfolio which includes over 100 commercial and residential units throughout the central New Jersey and Philadelphia area 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.


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.

Call with any questions at 267-455-0520 or email [email protected]

Diversified Investors Group - Philadelphia Breakfast Sub Group

Friday, January 30, 2015

8:00 AM to 9:30 AM

DARLING'S DINER @ the PIAZZA

1033 N. 2nd St, Philadelphia, PA

www.digonline.org

B2B 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 business professionals meet other professionals to exchange information and warm leads to assist in growing their businesses.

Call with any questions at 267-455-0520 or email [email protected]

Diversified Investors Group – Philadelphia Commercial Sub Group

Tuesday, February 3, 2015
6:30 PM to 8:30 PM

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

February - Morris Gocial CPA – Understanding the Fundamentals of Accounting for Real Estate Industry Professionals.

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.

Call with any questions at 267-455-0520 or email [email protected]

Diversified Investors Group & HAPCO - Philly Riverwards Sub Group

Wednesday, January 21, 2015

6:30-8:30 PM

Johnny Utahs Philly

461 N 3rd St, Philadelphia, PA

3rd Wednesday of the Month 6:30 - 8:30 PM

Diversified Investors Group & HAPCO – Philly Riverwards Real Estate Networking Group

Carl Schiovone is a national Real Estate Performance Trainer and Coach with over 32 years of successful investing and coaching experience. His methodical approach to investing and business development bolstered by his personal care and commitment has set the stage for countless success stories among his students. Carl is an accomplished Lecturer and has been a featured Speaker at many national events including the NYC Real Estate Expo, NYC Finance Expo, and the National Association of Realtors Triple Play Convention. Carl is an approved Real Estate Instructor and provides continuing education to Real Estate Professionals and has taught at The Real Estate Academy in NYC, Long Island Board of Realtors, and Malloy College. Carl is currently preparing for the release of his real estate investing textbooks. In addition, he is a contributing Columnist for the prestigious New York Real Estate Journal. Carl is also the Founder of East Coast Real Estate Investors Association which hosts educational and networking events.

• Conducting Due Diligence

• Developing an effective local and investment area support team

• Risk identification and mitigation strategies (general risk mitigation)

• Selecting the right business model that is right for you

• A thorough understanding of the specific business

• What it takes to attract out of area Investors

• Transparency

• Establishing credibility

• Developing your Credibility Report

• Alignment with other REIA's and real estate groups to build your business and skills

• Special challenges in out of area investing

• Aligning yourself with the right local professionals

• Getting prepared for “all-Inclusive” investment opportunities

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

Monday, January 19, 2015

6:30 PM to 8:30 PM

Harvest Seasonal Grill - Philadelphia

200 S 40th St, Philadelphia, PA

www.digonline.org

Every 3rd Monday of the Month 6:00-8:30PM

January Presentation - Private Lending

Whether you are looking for Private Lenders and/or Equity Partners or looking to become a private lender and/or investor, this presentation is meant for both sides of the transaction!

At this presentation you will learn:

•Do's and Don'ts for investors and lenders

•How to structure “win-win” situations for Private Lenders and Equity Partners

•Documents to protect equity and private loan investments

•Exit strategy options

The presentation leaders will be the Mercer Subgroup leaders, Paul Margaritis and Matt Faircloth. Paul and Matt have facilitated millions of dollars in private lending and equity deals over the years, and have 22 years of investing experience.

Brief bios:

Matt Faircloth founded The DeRosa Group eight years ago and has been involved in real estate investment for over 10 years. The DeRosa Group is a boutique real estate development company based in Trenton, NJ. Since its inception, DeRosa has gone from a one person operation to a company with 15+ team members ranging from property managers, construction managers, and specialized construction labor.

Paul W. Margaritis is the Founder and Managing Partner of several real estate investment and redevelopment companies committed to the revitalization of residential homes and small apartment buildings throughout New Jersey, with an emphasis in Mercer County. Paul is known for his ability to locate low risk, high return real estate property opportunities, and recognized as a specialist in raising private capital. Paul is proficient at creating passive income through real estate, which he predominantly does by sourcing private capital and acquiring distressed real estate.

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.

Philadelphia, REIA, Diversified Investors Group, Real Estate Education

South Jersey Investors - Burlington County Subgroup

MEMBERS AND VISITORS - JOIN US!

January 8, 2015

Presentation by: Selfie House - John C Davison, CEO

375 Morgan Street, Phoenixville, PA19460, selfiehouse.com

(888) 222-8369, (610) 415-3100 fax, [email protected]

Location: Uno Chicago Grill, 2803 Route 73 S Maple Shade, NJ 08052-1622, (856) 722-5577

Time: 6:30 - 9:00 PM

Cost:Free for members, $15 for visitors.Visitors who join the same evening can apply entrance fee to yearly membership fee of $150.

Meeting the 2nd Thursday of Month

SUBGROUP LEADER: Joseph V. Scorese

Visitors:$15.00

Members: Free