All Forum Posts by: A.L. DeFalco

Do you know which ones in Augusta are actively hiring? I've been trawling across Indeed, ZipRecruiter, and LinkedIn but it seems wholesale jobs are few and far between. Any help is appreciated! Thank you kindly.

0 Votes

Hi, everyone.

Initially, I wanted to get into real estate investing but as I am doing my research I am finding out that wholesaling is perhaps more my speed. I am looking for a wholesaler (be it an individual or a company) in need of a person to take or make phone calls and/or provide general administrative or sales assistance. I will do the lowliest of grunt work for you and not complain about it for one second--I want to learn.

I have an excellent phone manner, am easygoing, am a quick study, and can talk readily to anybody! Please let me know if you are looking for someone to help you crush it :)

0 Votes

Definitely not worth it at that price. But I'm sad, though! :(

I guess to be an investor you gotta let the properties that "speak" to you go sometimes. If the numbers don't work, they don't work.

2 Votes

Quote from @Bob Okenwa:

@A.L. DeFalco

Thanks for the update. Being in upstate NY, you're against the clock here. You'll see snow in 3 months and pretty much all exterior work will grind to a halt so you may have to begin there.

Based on what I've seen, it snows into April there so you'll be up against mother nature for about 6 months and this looks like it'll be a 4-6 month project.

If you could get the price super low, it may be a better option to wholesale/wholetail it and move on to something less extensive unless you have the experience, crew, and monetary backing to pull off such a project.

Interesting. I hadn't thought of wholesaling it.

0 Votes

Plan would be to hold and rent out, possibly go condo and sell each unit in the future if feasible. If this were inhabitable, I would FHA and house-hack but I can't. I'm in NYC a few hours away by train and not terribly far.

One of my best friends is a respected contractor in NYC, so I know I could get a bulk of the work at cost or at a good discount.

This area is undergoing an extensive beautification/revitalization and correction of infrastructure project so I think it represents a good opportunity. Apartments in the nearby vicinity are renting from $1,100 - $1,500 a month depending on condition.

I think if I could get the property for $20k (lol, fat chance) it would be worth it.

0 Votes

Err, sorry. Anyone know how to tag a location on a post that's already been made?

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Quote from @Trevor Schmitt:

Get quotes from a minimum of three, aim for five, of the top-rated contractors in the area. After doing so it will become clear to you if this is feasible for your current situation.

Use Google to find a vet local companies.

You could also tag the location in this post and hope to attract local investors who could give you more specific advice or recommendation for contractors.

Thank you! I will do that and also tag the location (Albany, NY)

0 Votes

Quote from @Bob Okenwa:

Without knowing exactly where you're at, the numbers will vary. My rehabs in Ohio cost considerably less than anything I've done in Phoenix.

Judging by the photos and you being out of state and possibly not having the right connections, you're probably gonna spend more on the rehab than the cost of acquisition. 3 kitchens, 5 bathrooms, 3 furnaces, and 3 water heaters will cost a ton and I'm not even sure what the square footage is or the age of the property.

Plumbing will probably need to be touched up, electrical and HVAC as well. I can throw out a random number but it wouldn't do any justice and I wouldn't consider it very accurate since I've not walked the property.

Outside of the wood floors, there doesn't appear to be anything salvageable here. This is a six-figure full-gut rehab that'll last into the winter. This place looks like somewhere that gets cold and/or snowy winters so be aware of that as well.

Thank you!! It's got only 3 bathrooms, not five (thankfully, lol). I will tag the location in this post (Albany NY).

0 Votes

Hi all,

I am strongly considering purchasing a particular property as an investment. It is a three-family (3/2, 3/2, 3/1) in an area that is undergoing a major revitalization project and is relatively still affordable. It's in a walkable neighborhood filled with restaurants, bars, and stores. I just don't want to get in over my head and so if people who are more experienced than me can tell just be photos if this is a "no go" right at the outset I would be very appreciative. I am not local, so I would have someone I trust go and inspect the property if people feel it has potential at the right price.

It is currently for sale for $99,000. However, I would try to offer less due to the condition of the property. I already know, and someone else confirmed, that the exterior windows alone would take $10,000 or so to replace and are likely leaded/have lead paint. This is an older property that needs an extensive rehab.

Any help is appreciated.

1 Vote

Quote from @Jimmy Lieu:

Quote from @A.L. DeFalco:

Quote from @Jimmy Lieu:

Quote from @Danielle Hu:

Hi everyone! I’m new to real estate but am so excited to dive in.

I’m an online business owner originally from New York who has been traveling full-time for the past 5+ years - I spend less than 35 days in the country due to FEIE.

I’m looking to buy my first multifamily investment property. Thinking Philly but am open to other markets.

If you have any advice I'm all ears. Thank you all in advance and look forward to connecting :)

Hi Danielle, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

I'd love to invest in Columbus. I've got $25,000 to put down, make $70,000 a year, and am an OOS investor from NYC. Itching to start but I have iffy credit (working on it!).

Hi A.L., let's connect and discuss your real estate goals further, as well as how I can help you.

Sent you a connect request. :)

1 Vote

Philadelphia, Pennsylvania

All Forum Posts by: A.L. DeFalco

A.L. DeFalco has started 4 posts and replied 17 times.

Post: Looking to work for a real estate wholesaler

Post: Looking to work for a real estate wholesaler

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Can anyone help me guesstimate needed amount for repairs from these photos?

Post: Buying first investment property while abroad - looking to connect!