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All Forum Posts by: Phil Z.

Phil Z. has started 13 posts and replied 897 times.

Post: wholesalers

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Connecticut ..  What do you want to talk about? ;)

Post: Hello from a new member in Connecticut

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Hi John,  welcome to BP.

There is a meeting at Anna Liffys in Fairfield on the 30th.  That might be what your looking for.  It is usually advertised on BP.

Post: Landlord and Licensed Real Estate Agent Seeking Growth!!!

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Just find a few buildings your interested in and lookup who is managing them..

Post: wholesaling

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Wholesaling is simplest with no banks involved (buyer and seller side).  The smoothest transaction will be an off mls property with a cash buyer.

Post: 100% as Earnest Money Deposit

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

I would be very suspicious that they may know something you don't know.  I suggest you go talk to the building dept, health department, and zoning department for starters.

Post: Hi! New Investor in Middletown / New Britain, Connecticut

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Hi Chris,

   Wholesaling is always a good 1st move.  Just make sure your numbers are conservative and work for the end buyer as an investor.

As far as an FHA Buy and hold, those typically need to be owner occupied.

Post: Type of questions to ask REO Agent?

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

RED Flag:  They ask or hint at requiring cash under-the-table to get offers accepted.

Post: Called the bank directly after declined offer

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Personally I think it's very rude to go around an Agent and contact their Client. (Unless of course the Agent was completely unresponsive .. which you did not mention.)

You're better off building a relationship with the REO Broker .. however in this case you just ruined that possibility.

Post: Going after off market REO's

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

The big REO Brokers probably are managing 100+ properties that are not ready to list yet. You can contact them and see if there is anything fit for rehab.

Post: Greetings from Connecticut!!

Phil Z.Posted
  • Real Estate Broker
  • Orange, CT
  • Posts 951
  • Votes 218

Hi Dean,   Welcome to BP.  Nice to see more CT investors coming aboard.