All Forum Posts by: Roc P.

I've always had better results with for rent signs, then Craigslist but as one poster mentioned it depends on your clientel. Roc

No, I've tried numerous times and the bottom line is you have to buy the property and maybe you can do a double closing.

Total fee to was approx. $9 grand. I wish it was more and that I did not have to spit it but at the end of day I'm happier making approx. 4500 then not. Now I'm going to be working on deal #3 soon. Thanks roc

Hi everyone just wanted to give everyone a quick sysnopsis on my second wholesale deal I just closed.

In a nutshell the deal took about 6 months from beginning to end, and in that timeframe I closed on my first wholesale deal in a lot less time. I actually knew the seller, so that also helped with keeping the deal alive.

I wholesaled land which had debt (HELOC) and back taxes that had to be satifsfied. The biggest hurdle of this deal was trying to find a buyer because the land needed new septic, so your typical buyer was not interested in buying because all the work, I.e. New contrustion. I called a bunch of builders and and no one was interested. I paid almost 1K, to keep it from going to tax sale as well completing all the probate.

Finally I partnered with another wholsaler and we were able to get it sold.

I almost forgot the best part at the closing table my seller threatened to walk out and not sign the settlement papers because he found out the check was not made out to him directly but to the estate. Since I had my money tied up in this now, as well as 6 months of work, I decided to help the seller out by giving him some money until his check cleared. Seller signed the paperwork and I got the money I lent him on last Friday.

All in all I gambled by lending the seller money but the deal needed to get closed, and as I said I knew the seller.

So now I'm working on deal #3. Thanks

#8 for me. Have you tried out the website 99designs. You should look into it. Roc

Thanks Brian.

I have a list of 1500 prospects, which I'm going to send at least 5 letters out. Roc

Yes, I'm going to send out yellow letters to my prospects. I'm going to send at least 5 letters, and see the response rate.

Then I'll run another campaign to see where we're at.

Thanks Roc

I know this these type of threads are a dime a dozen so please bare with me!

My first list was complied through List Source, and has the following criteria:

Equity(%)
50 to 100 %

Bedrooms
3-4

OWNER-OCCUPIED
Absentee Owned In-State
Absentee Owned Out-of-State
ALL STATES

TRUSTEE-OWNED
Exclude

Total:2,389

Please let me know if there is anything missing or take away something to make the list better. Thanks Roc

Chris, Fishtown, Port Richmond, and Bridesburg, are defiantly good areas to invest in since your professionals are moving, since the hipsters moved in lol.

KenSo, is a difficult area since there is so much blight. No offense to anyone or your realtor the only good deals in KenSO are DRUGS, kidding of course. But KenSo is war zone.

Good luck with everything Roc