All Forum Posts by: John Heck

Thanks "team"...however I did speak with the owner via emails. Upon my request to set a show time with occupancy records to view our communication ended and the listing on craigslist was pulled within the hour! On to bigger and better things!

will do Bob...thanks!

also,...what would you ask the seller if you were checking out possible cheap rental?  on that note, say it was a good deal, why wouldn't I buy it and put it on the market for sale right away...what would be the reasons why the current seller isn't or hasn't?  

thanks for the respones...I've been devouring info on this site, and I'm ready to take some action.  I do know exactly where this property is (my mothers lives about 1/2 mi away.  Not a good part of the city or Reading, PA, but not the worst either.  The seller did email me back saying it is vacant and they are selling for personal reasons.  I responded that I'd like to at least check it out,...it's about 15-20 min from me.  

I also have checked out the foreclouse system here, but I'm a little clueless on what to do on it.  Is it as simple as searching a zip and driving out to properties and putting a bid if interested?  do you need a realtor?  I'm currently reading the books offered in the marketplace here, but just started them today so I don't know if it covers that or not.  Is there a user guide for the foreclosures on this site?  sorry for all the questions, my interval drive is in high gear...always

GREAT vids and podcasts Brandon!

I found a posting on CL listed for a month so far for a sale price of $12000 for the following:

Investors property
3 bdrm 1.5 bath city home with yard
Basement and attic can be finished off
Tenants currently in.
750$ + utilities has been going rate.

What questions would you ask the seller if you were meeting with them?  The pics look pretty decent.  It is a inner city row home.  Wouldn't the seller just sell it to the tenants?  I am eager to get started in a real estate venture so this sounds ideal to me...wondering that some experienced investors think.  Thank you! -John 

agreed...I don't have a mortgage broker yet...one step at a time...thanks so much!

thank you for the response Tiffany!  I agree 100% with you! but since it's so close to me(about a mile) I thought I'd at least check it out and for the right price make something happen.  

It is a mobile home but sitting on a basement so does that remove it from that category?

hello there, just wondering if anyone would offer advice on some questions.  I am eager to try a real estate investment and actually found a possible rehab very close to my home...Mls listing 6394374

I checked out the outside property today and I'm going to see the inside tomorrow. With my neighbor who is a realtor.  Looks rough and looks vandalized (central act unit busted open from copper bandits, front door busted open but hinge lock keeps it "shut")

Zillow states the listing realtor will only represent the seller so that means I will need a realtor on my end right?  It's listed at $66,600 but I don't think that's realistic so where does that number come from?  If this were to proceed in any way would it be just like buying my current home...get approved for a mortgage...make offer...have settlement...fix up..sell for profit...pay off mortgage...hopefully have some money left?  Any advise would be helpful!  Thanks!

Hello new community!  My name is John Heck and I stumbled upon this website while researching a popular mentor program that was highly debated here.  I signed up and began reading the starter section and enjoyed it very much so far.

I am currently self employed and doing well however my mind is always thinking of doing something bigger that can yield higher financial rewards to help me achieve some lofty goals I have set upon myself. I watched a series of YouTube videos on REI and it has since been making me wonder what potential it could have for a motivated green newbie like myself.

This site is great so far and I plan to dig through it, but I thought I'd post about the interest I have in finding and working with a local"ish" mentor.  I have a great amount of sales experience and worked a franchise system for several years with the help of a mentor type setup, so I would enjoy the learning process with someone willing to share.  I have zero real estate experience, but I will move forward one way or another.  If interested please let me know and if it is of value to you I have many skills that could possibly be done in trade.  My current business is screen printing, graphics and promotional advertising.  I am open to any ideas so please feel free to contact me or just give a line of advice as it seems many reputable people are here and active!  Thank you!