All Forum Posts by: Roc P.
Roc P. has started 67 posts and replied 262 times.
Post: Wholesaling Properties: Assignments or Double Closings in PA

- Philly Area, PA
- Posts 297
- Votes 26
Jose, I'm not a realtor but I know a few guys who are and they run into the same situation. All I can is be 100% transparent which you are and cover any liabilities with the proper paperwork with regards to disclosing your a realtor and your intentions.
Another option may be to use transnational funding.
How are things up in Reading? Been in a while since I passed through, having trouble unloading pieces? Good luck man. Rocco
Post: Gas Station Sale & Purchase Agreement?

- Philly Area, PA
- Posts 297
- Votes 26
Get a Phase 1 and probably a Phase 2 environmental test done. Not doing anything may open your self up to future problems.
Post: Unit #25 under contract

- Philly Area, PA
- Posts 297
- Votes 26
Great job!
I have a question regarding the original post, what if the wholesaler was able to "wholetail" the property. For example he buys the short sale through a realtor, waits out the seasoning period then resells the property? Thanks Rocco
Thanks everyone, the next course of action will be to reach out to my attorney and figure the in and out so I don't get jammed up. Thanks
will do. Roc
Post: For a BRRRR investor, which miles are deductible?

- Philly Area, PA
- Posts 297
- Votes 26
I've spoken to other investors and they all stated the IRS cracked down on the mileage one can write off, plus it's not as much. Best bet is to speak to your accountant.
Post: Germantown - good investment? Advice on areas within needed

- Philly Area, PA
- Posts 297
- Votes 26
I know Germantown in general, not 100% on neighborhoods though. But with that said look for proximity to public transportation, hospitals, schools, etc. Good luck roc