All Forum Posts by: Beverly Buella

Thx so much for the info Steve! Much appreciated.

Hi there,

Just wondering if anyone here has any experience doing a HELOC with TD Bank, ideally in one of the 5 boroughs in NY, but anywhere really, would be helpful.

I am working with my aunt who owns a 3-unit building in Brooklyn. After talking to a few local banks to where the property is, TD Bank seems to be the one we are leaning towards.

I am sort of facilitating the process for her, being that she's older and retired, she doesn't want to be bothered/inconvenienced too much with paperwork, etc.

I read on another blog that there is a TON of back and forth, which I can see to be very annoying to her. Just wondering if that was the same experience for anyone else and whether it is avoidable.

I'm just curious what your experience was like and also whether you had an interior appraisal done. Not like she has anything to hide, but it's just something that I could see she would not want to be bothered with. Besides, she is only looking to pull $75,000 (hopefully more) but the property is worth close to $500k so I don't see why it would be necessary to do an interior appraisal- just a thought.

Thanks for any feedback-

Beverly

Hi there,
I have wholesaled properties for the past 5+ years without a broker's license. Title companies that we've closed with and my RE attorney have never questioned whether we have a license or whether what we are doing is legal. However, I find it hard to explain to those who don't understand that a license is not necessary (i.e., anyone not familiar with the business). My answer has always been that I am not representing either the buyer or the seller in the transaction since I am only selling my contract to purchase the property.

So, for any PA investors and I guess investors in general, how do you answer this question: "Do you have a broker's license and if you don't, isn't what you're doing illegal?"

Thanks!

Thanks everyone! I will reach out to everyone that was suggested.

Hi Blair,
Thanks so much for the reply! The company I was looking at before would have been a completely hands off service, which I am considering bc of the little time I have to manage my mailings at home. Ideally, I would prefer to do yellow letters due to response, but as of right now I am looking to do postcards due to my budget. So ideally, I give them zip codes and my search criteria and they provide the marketing pieces, handle the mailings and follow-up.

Thank you!

Hi there,

Has anyone here used a 3rd party service that does the mailing and follow-up letters for you? I've purchased a list from US Lead List in the past, but now that I'm a mother of 2, I can't handle doing the mailing myself. I've tried several times to give business to a direct mail company that I discovered through Bigger Pockets, but the follow-up with everyone I've connected with at that place has been terrible. I'm looking for a company that has experience with mailings for RE investors. Any advice would be appreciated.

Thanks!