All Forum Posts by: Mike Pastor
Mike Pastor has started 6 posts and replied 49 times.
Post: [Calc Review] Help me analyze this deal - Pittsburgh
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Your calculations look ok, but I think purchase price and roi are off for the area. It's not too hard to find similar properties with the same rent for 50-60k in Penn Hills
Post: New Wholesaler In Pittsburgh Pa
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
What's your background in?
Post: Wholesaling Vacant Homes
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Originally posted by @Kenisha Kirby:
Hello Mike,
Are you familiar with Yellow Letters? Do people still use them to contact property owners?
Yes, I used to send them all of the time. They can be very effective if you have a good list. If you're sending them to a list where folks are getting 30 other pieces of mail...not so much then, like any other type of direct mail piece. But yellow letters will stick out to potential sellers, especially hand written. Seems like the current trend is to send postcards.
Post: Wholesaling Vacant Homes
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
What Ned said...
I wholesale in the Pittsburgh area and could answer any questions you had.
Post: Bandit Signs in Pittsburgh
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
In the city, there's a $500 fine, per sign. Outside of the city, it varies by borough, township, municipality.
Post: NEWBIE. At closing with wholesaling, do the buyer and seller....
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Originally posted by @Joshua Horn:
At closing with wholesaling, do the buyer, seller and me all meet there at a set date and time? and if so my follow up question is what's to stop the seller from when he see's my assignment fee of, lets say 8K, from just turning to the end buyer and telling him to buy it directly from him? Could someone give me an idea of what and how it kind of goes down with a basic wholesaling closing goes down? Can I pick separate times for them to both go? Thanks in advance!
I never put buyer and seller at the table together, and I rarely ever show up to either side of the closing...unless the buyer or seller is crazy or something. Then I'll go just to make sure it goes smoothly.
Post: NEWBIE. At closing with wholesaling, do the buyer and seller....
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Originally posted by @Sean Dean:
Hey Josh Im a new wholesaler in the Pittsburgh area and have been looking for a P&S agreement that is compliant with PA laws and regulations and was curious if I could use yours??
I'll get you a copy of one this week. I just use the PA standard p&s agreement, but also use an option when wholesaling
Post: Pittsburgh neighborhoods with ARV's of 60-80K?
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Stowe Township, parts of Carrick, up the route 28 corridor - Natrona Heights/Tarentum/Cheswick, Verona are a few that come to mind
Post: I’m A Hungry Rookie
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Hi Calvin, welcome! I'm in Pittsburgh as well. Feel free to message me anytime.
Post: Pittsburgh - Wilkinsburg 5 Unit
- Investor
- Pittsburgh, PA
- Posts 63
- Votes 26
Hi Sumit, I just emailed you over the info. Thanks!