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All Forum Posts by: Michael G.

Michael G. has started 37 posts and replied 340 times.

Post: Builder from Long Island

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

@Anthony Salamone - I an indeed. Actually working on something right now you may be interested in as a rental.  Send me a pm

Post: Current Long Island, NY Investor looking to Network

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Hello Brian - Working on some things.  Let me know what price points you are looking at , what areas you like and which you don't. Would be nice to have a conversation. 

Post: Take the offer off the table?

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Hello Ty - Your approach makes sense. I've since spoken with the seller and also sent a letter of intent with our offer price via email.Should know something by next week ... I'll update this forum with success or fails.

Post: Take the offer off the table?

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Barely. She owes 250k. As is value is 300k  maybe...

Post: Take the offer off the table?

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Got an offer from a seller to buy her home in foreclosure. Seller mentioned on the phone that she wants 300K for the property. ARV looks to be around 725 k with 150k in repairs. We offer 300k but seller says she needs to contact the bank to get her payoff amount. This was Saturday. She said she would do it Monday. Text her on Monday she says the bank will have to send it to her by mail and it will take 5 days. I state that I've done it numerous times for people in situations like hers all I need is her authorization. I offer to call the loss mitigation dept on her behalf to get the payoff via phone and crickets...so my question is....is she stalling? Is she taking our fat juicy deal and shopping it to other buyers? Do I call her bluff and tell her the offer is only good for 24 hours? Any suggestions?

Post: Probate leads In Long Island, NY

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Ha! You are a few days late Q!

Post: Probate leads In Long Island, NY

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

I'm going out to Suffolk County tomorrow. Not sure why they gave you the circle jerk but if you want to meet me I can show you how it's done.

Post: No heirs or No will in place

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Hello Marcus - PM me. Let's see if we can find any possible relatives of the decedent.

Post: New to Posting Old to Learning

Michael G.Posted
  • Wholesaler
  • Bay Shore, NY
  • Posts 359
  • Votes 199

Hey Justin - Sorry for the late response. I see you live in the Stuy now. Thems my old stomping grounds. Good purchase. Email me so we can exchange numbers. Easier to talk live.

@Eric Telese I don't disagree with Steve Santacroce's methods for finding good property managers. Most long distance investors don't have the luxury of attending local REIA meetings to perform due diligence on PM's. At the time I was investing, (2007,08,09) the leader of the Rochester REIA was not the most stellar example of Integrity. As I mentioned before, some of the worst PM's were referrals from other investors. Thing is they all start off good until they are not (actually some are just bad right out of the gate). I consider them all bad until they prove themselves otherwise. My approach is to keep PM's on a very short leash so they cannot use my property as an ATM. They cannot make any repairs over $200 without contacting me first. I reserve the right to use my own contractor\handy man for any repairs that need to be done because often there is a premium for using the PM's repair service. I want pictures of any repair work that a PM says needs to be done. There is more and I mention them in my previous posts on the matter awhile back.

@Llewelyn A. I wonder if the Rebecca you speak of is Rebecca Casey?