All Forum Posts by: Kevin Delaney

Marketing.  Find the potential seller's before they find me.  Once they get an agent looking out for their best interest, your profit starts to diminish.  Bandit signs, websites, yellow letters etc...  That's how they find them.

The escrow or earnest money shouldn't be an issue.  I'm hoping you're using your own title company that agreed to do a double closing.  If so, the seller's agent should show up at settlement with a check for the funds you had in escrow.

There's quite a few in Philly around that price point.  I don't think there's any in Bucks County.  I did see one in Trenton around 70k when I was looking today.  It may be the one another poster was saying needs work though.

www.digonline.org 

I thought it was only mandatory to carry enough to cover the mortgage.  How can the insurance company force you to carry higher coverage?  Sounds shady to me.  Maybe they are hoping you will quietly pay the higher rate.

3 deals is a good hustle for having a 9 to 5 too.  What was the financing structure set back?

Welcome Jeff!

I would think the easiest way would be to create an LLC in both your names. Put the house in the LLC ' S name. Then keep a separate bank account for the LLC. You can split the profit monthly, quarterly, or annually. Just make sure you keep enough in there for expenditures.

I'm a little mixed on this.  My instinct would say the mentor knows what they're talking about and may be turning down the leads for a legit reason.  I don't know how your agreement reads, but if you presented the lead to the mentor and they turned it down, could you then act on the lead on your own?  Even so, I would tread cautiously.   Your mentor isn't going to walk away from a dollar bill buffet.

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