All Forum Posts by: Stephen Franco

PM me.

I'll be happy to walk through it with you by phone and maybe call him up as a partner investor and sound out (since I've done this 8 years) what seems real.  I'm not local down there, so geographically I'm a bit out of touch

I love helping people with turnkey rentals with high cash flow...

I go for 15-21% cap rates in Scranton / WB pa (after maintenance/vacancy/management) over appreciation.  PM me for info

I have a flip in PA. 20k purchase, 40 k rehab. 120k ARV.

Can you help us?

Invest in Scranton/Wilkes Barre (Northeastern PA). 1.8 GRM/15-23 Cap rate, lots of tenants, great prices on finished units.

I love the returns, and the communities are easy to work with.

2015 and 16 are WAY slow on wholesale deals.  I concur.  Starting to pick up now, mostly on multifamily and investment property side.  Still struggling to fit my 4-flips-a-year

For flip, either go where you know or be a money LENDER (not just equity partner) on a deal with someone in their local area.  Like for my flips, I let people supply the money for a fixed rate of return plus a % of the profit.  That way, they know they're safe.

I assign in pa all the time and have yet to double close

consider turnkey rentals in my market of Scranton PA (15-25% cap rates)

I know my market of Scranton/WB makes such great (15-25%) cap rates I can pay people 10-12% on mortgages and still make money.  I love rentals in this part of PA