All Forum Posts by: Alex Ficco

I've done over 100 direct to seller deals and have never once had a seller check to see if EMD is in. 90% of the questions we get on EMD is if the SELLER has to pay it. Most people don't even know what it is, let alone make you add all this stuff to the contract, shopping your offer to get $2k more, checking if your EMD is in etc. I get why the seller is doing it, but likely this is only the surface of the issues you are going to have getting this to the finish line working with this guy. Sounds like a nightmare. Imagine cancelling within your timelines and trying to get the seller to sign cancellation instructions to get your EMD back even if you're following the contract. I know it's tough when it's your first one and its exciting and you're counting the money you haven't made yet, but I'd move on to the next lead. Hopefully your next one will be a total 180 of this experience

Cosmetic Fixer. Good opportunity for a fix and flip or buy and hold. This is an assignment of contract. Cash or Hard Money only. Message me for financing options.

ARV: $330k

Price: $230k

Message me for more info and full home inspection.

Assignment available now in Bush Hills 35208. 150+ Photos, walkthrough video, and full home inspection available. I also have 4 other deals available around Birmingham.  Message me for more info. Cash or Hard Money only. 

Link to all deal info: 
https://investorlift.com/p/676...

Property Overview:

• Single Family
• 1623 sq ft
• 3 beds, 1.5 baths
• 1930 build
• City Water and Sewer
• Lot size: .18 acres.

Other Info:

• Vacant at COE
• Rehab: See 150+ Photos and Walkthrough Video.
• Full Home Inspection Available. Cosmetic updating needed. Home was tenant occupied until recently.
• Roof seems to be good, roughly 10-15 years old. AC unit outside and furnace in the basement.
• New HVAC needed - home is ducted.
• Rear deck covering needs replaced.
• Aluminium Windows.
• Escrow Opened at Parmer Law.
• Buyer Pays all closing costs.

Comps:

1257 Graymont Ave W, Birmingham, AL, 35208 - 3/2 - 1562 sq ft- 1930 - .2 acres. Rehabbed.

Active $240,000 on 3/1/2023

1525 8th Ct W, Birmingham, AL, 35208 - 3/2 - 1440 sq ft- 1950 - .15 acres. Rehabbed. Tenant occupied.

Active $225,000 on 2/17/2023

1241 Graymont Ave W, Birmingham, AL, 35208 - 3/2 - 1505 sq ft- 1950 - .18 acres. Rehabbed. Tenant occupied.

SOLD $245,000 on 1/14/2022

1120 5th Ave W, Birmingham, AL, 35208 - 3/1 - 1672 sq ft- 1950 - .31 acres. Clean, but as-is. Was used as a rental.

SOLD $275,000 on 4/07/2021

Nearest active 3 bed rental comps from $825 all the way up to $1425 per month.

ARV: $200,000

Asking Price: $95,000

Closing Date: on or before 4/7/23.

Reminder for our monthly meetup brought to you by Reno Area Home Buyers. For all local Reno, Sparks, Carson City, Gardnerville, Minden, Dayton, Silver Springs, Fallon, Fernley Nevada investors. 

Text 775 577 7544 with any issues

Topic: DEAL DEEP DIVE
Join us as we run through a recent completed deal right here in Reno. This was a wholesale deal. We will cover every aspect of the deal - lead source, underwriting, acquisition appointment, escrow, disposition, and renegotiation. It was a fun one with a ton of lessons.

6:00pm - Attendee Introductions
6:20pm - Topic Discussion
6:50pm - Q and A / Open Discussion
7:30pm - Networking
8:00pm - Finish

Hey y'all. Reminder for this month's meetup this Wednesday, 10/26 at 6pm.  Make sure to come armed with any questions you have about real estate or real estate investing. See you there!

Reno, Sparks, Carson City, Gardnerville, Minden, Tahoe, Truckee, Fernley, Dayton, Silver Springs, Fallon

Hey Y'all. Reminder for our monthly meetup this THURSDAY 9/29. 6pm at the Bosma Business Center. We will be out of town Tuesday-Wednesday at a real estate conference so we had to move the date to THURSDAY for this month. Topic is a deal deep dive. Recent deal we closed on right here in Reno NV. Come armed with any questions you have about real estate investing. See you all there!

Reno, Carson City, Gardnerville, Minden, Tahoe, Fernley, Fallon, Dayton, Silver Springs

Hey Yall. Reminder for our REI Meetup THIS WEDNESDAY 8/24 from 6-8pm at the Bosma Business Center. Completely Free. Info Below. See you there.

Topic: WHOLESALING REAL ESTATEWe always get a TON of questions on wholesaling, how the process works, what contracts to use, etc. Wholesaling is typically a gateway for newer investors to get into real estate. Since we have recently pivoted to mostly wholesaling, I will do an overview of our process and exactly how the business model works.6:00pm - Attendee Introductions

6:20pm - Topic Discussion

6:50pm - Q and A / Open Discussion

7:30pm - Networking

8:00pm - Finish

Reno, Sparks, Nevada, Carson City, Minden, Gardnerville, Tahoe, Fallon, Fernley, Dayton, Silver Springs, Yerington 

Reminder for the monthly real estate investors meetup THIS WEDNESDAY 7/27 from 6-8pm at the Bosma Business Center in Reno. Free. Come learn some stuff.

Guest Speaker: PAT JACKSON, Going from 0 to over 200 doors in 5 years through long distance real estate investing.Pat lives here in Reno but invests in buy and hold properties in the midwest. Pat will discuss actionable steps on choosing your strategy, choosing your market, and building a team to set you up for success in long distance real estate investing. (Reno, Sparks, Carson City, Fernley, Fallon, Dayton, Silver Springs, Minden, Gardnerville)

6:00pm - Attendee Introductions 

6:20pm - Topic Discussion 

6:50pm - Q and A / Open Discussion 

7:30pm - Networking 8:00pm - Finish

Free meetup this Wednesday, 5/23/22 from 6-8pm.

We will be discussing a very important topic - The ONE thing you should be focusing on if you want to do many deals per year. For all local Reno, Sparks, Carson City, Minden, Gardnerville, Fernley, Fallon, Dayton, Silver Springs Investors

Location: Bosma Business Center, 401 Ryland.
Schedule:
6:00pm - Attendee Introductions
6:20pm - Topic Discussion
6:50pm - Q and A / Open Discussion
7:30pm - Networking
8:00pm - Finish

Reminder for our monthly Real Estate Investors Meetup THIS WEDNESDAY 3/23/22 from 6-8pm. 401 Ryland St in Reno. For all levels of investors and agents local to Reno, Sparks, Carson City, Gardnerville, Minden, Fallon, Fernley, Etc. 

Topic: AQUISITION

We will take you through the steps of acquiring off market real estate deals - finding, converting, and funding. Different marketing channels, different sales techniques, and different ways to fund the deal.Basic meetup schedule:

6:00pm - Attendee Introductions

6:20pm - Topic Discussion

6:50pm - Q and A / Open Discussion

7:30pm - Networking

8:00pm - Finish