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All Forum Posts by: April Crossley

April Crossley has started 9 posts and replied 102 times.

Post: we were Denied....again

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

@Nicole Wood can you buy with hard money or private money or finance it with a partner that is qualified? 

Post: Law Student Seeking Real Estate Investor Mentor

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

@Ronnie Santana welcome to BP!  I would start with networking with local cash buyers in your area while simultaneously learning to find deals.  As much information as there is out there ... it really comes down to just finding deals and connecting with cash buyers. If you don't have any capital- even if you find a deal, you can get it done by either joint venturing or selling the deal to another cash buyer.  : ) Focus on those 2 things to cut out the overwhelm. 

Post: Supplying appliances in rentals

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

I have found this to be very different depending what area you are in. In our rentals, we always provide a fridge- always. And replace them if they break.  I just feel like it is one less expense for the tenant as they are moving in. In the years I have been doing this, I don't know many tenants that are moving with a fridge they are bringing along. 

Post: Should I start out with a flip or buy and hold?

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

@Scott Howell it kind of depends on how you are buying. Are you using PML and HML or are you using your own funds. Can you get pre-qualified to buy a rental property or do a cash out refi on one? If not, your focus to start should definitely be flipping until you can get prequalified for a cash out refi on a rental or have money to put down on a rental.

Post: How to pitch to attorneys?

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

Get creative :) To get to the attorney you need to get past the bulldog that guards them... aka- the administrative staff that filters through their mail, etc.  SO.... you need to meet them at networking meetings, get connected through someone that knows them OR send them a super creative mail piece that looks like a personal piece of mail (like from a family member or wife, or gf).  Basically, you can't just send them mail. It needs to be some sort of package. And your letter needs to focus on how you are going to benefit them and their clients. $1,000 to them to close might actually be a conflict of interest or something bc of the clients they are working with.  Focus on how your service as an investor is beneficial to them. What can you provide them and their clients that a realtor cannot. I did this exact thing and had a meeting with 10 attorneys in one week. 

Post: Partnership with Brother - Estate SFH

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

Hi @Garfield Reid I can tell you that I own an apartment building with my father in law and it is in both our personal names and everything is split 50/50. I would consult with your accountants, but I imagine expenses for updates, income, etc will all be split 50/50. You likely want to consult with an attorney too if you do not have estate planning done so that should something happen to either of you, you know where your respective portion of ownership will go. As grim as it sounds, these are the things to think about when you are doing business with someone. You are now officially business partners on this project :) 

Post: Starting out in Flipping Houses

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

Hi @Chee Nue Thao welcome to the wonderful world of real estate investing. Start out finding deals- that is the heart of this business. AND.. at the same time, connecting with real estate investors in your area by finding local meetup groups on meetup.com. This will keep you motivated and surrounded by the language of real estate investing and give you great resources for your business such as contractors, etc.  Learn as much as you can about finding deals. Even if you have no money, if you are finding deals and connecting with other investors in your area, you will be able to get the deals done in one way or another. If I can be of any help to you as you start, don't hesitate to reach out! 

Post: New and hungry to learn

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

Welcome Axel!  Definitely connect with some local meetup groups in your area, its a great way to start : ) On sites like meetup.com you can do a search within a certain mile radius of where you live to find local groups. 

Post: New to bigger pockets

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

Welcome Wanda! You are not too far from me and there are some awesome meetup groups all around you in Philadephia! Great job on the live in triplex. I love that strategy. Focus on finding deals and there are a ton of investors in and around Philly to help you execute. 

Post: Yellowletters.com list service

April CrossleyPosted
  • Investor
  • Reading, PA
  • Posts 102
  • Votes 119

We have had great responses using a targeted absentee owner list via listsource.com Also code violations, evictions, and a simple scan of craigslist to inquire on for rent ads to see if people want to sell instead of rent. A landlord is never more motivated then when they have a vacancy.