All Forum Posts by: Chris Policicchio

Hey @Clayton Hepler!  I have used Bill Wiseman multiple times.  He's been great.  Very dependable and super nice.  I'll DM you his contact info.

Hey @Conner Parsons !! I used Yellowletters.com in the past, but it’s been a couple of years. I recommended them recently to a new investor and it did not go well. In short, half their letters weren’t sent out but he was charged full price. He’s getting most of his money back, but he’s lost weeks of leads. I saw another investor post almost the exact same scenario (their letters weren’t sent out). You might want to check out asapletters.com. I have seen their owner post a couple of times. I have not used them though. Good luck!!

Hi @Christopher Berggren.  I'd recommend Ward Remodeling Company.  I'll DM you contact info.  

In addition to Jacob's recommendations, I would add The Obstacle is the Way by Ryan Holiday.  IMO, you don't need too many books on the how's of Real Estate.  Focus on setting some goals (The One Thing), how to work with people (How to Win Friends and Influence People) and your mindset (The Obstacle is the Way).  Those three with some basic RE knowledge will take you far.  Good luck!

@Clayton Hepler I wish I could help here.  I have used several real estate focused attorneys over the years.  They all did a fine/good job, but in most cases, there were a lot of surprises on my end with billing. For example, they'd agree to do something for me for a fee of, say $1000, then I'd get an invoice for $2000 b/c it exceeded their estimate.  It was shocking to me how often this happened.  That being said, I can recommend two attorney's I have worked with.  Gregory Bevington and Steven Casker.  Gregory Bevington did help me with a wholesale (...I'm not a wholesaler though).  If needed, I can DM you contact info.  Do you have an accountant? If so, you might want to ask them for a recommendation.  

I think it kind of depends on your needs.  I've always been a fan of American Express.  Their customer service is the best.  There are inherent benefits I received with my card - besides rewards point - such as $5 back on small business purchases, $15/month towards a streaming service, $100 (or $200) airline credit (for the airline of my choice), etc.  The only downside to Amex, based on my experience, is they are not accepted everywhere, so it helps to have a plan B. 

Recently, I needed a little more access to cash, so I opened up some new cards. I made my decision based solely on being able transfer a balance and an intro APR. Another thing to watch for is credit limits. Even though I just opened these cards, their limits were much lower than my Amex. So when you are looking for a card for "big expenses" what do you mean? $5k? $10k? And is this something you'd pay off immediately (so you don't carry a balance)? Or would you want a 0% introductory APR?

Hi @Brandon Cristiano!  What kind of feedback are you looking for on your numbers?  I took a quick glance and without knowing more about the property or area, it will be difficult to give a lot of feedback.  I generally use a little higher % for maintenance and I didn't see anything specific for CapX.  If I missed that, sorry.  If it's not there, I'd suggest adding it.  I'd recommend running your numbers through a BP calculator and see if you get the same results or possibly, it will help you refine your analysis.  Also, if market rent is $1200 and you start off there, it might be a bit much to increase by 5% each year.  

Let me know if you have specific questions and I'll do my best to help!

thanks,

Chris

Hi @Grace Green and @Jesse Goldstein!  I'd be interested too.  

Hi @Shiri Fein!  Just curious, but why 300-500 doors?  I've been with Riva Ridge for a couple of years and I like them a lot.  I worked with a couple others in the Pittsburgh area and it was a pretty terrible experience.  I'm not sure how many doors Riva manages (I suspect more than 500), but I'm not positive.  If you'd like, I can PM you contact info.

Personally, if this were my first flip, I'm not sure I'd want a total gut with a budget that high.  If you have the capital, it might be worth it, but for a first project, this seems like a lot to handle, especially with no team in place.  With that said, if you move forward, I'd recommend you do whatever you can to really plan your project.  I would try and be very specific.  I would use the BP Calculators.  If you can't answer the questions for the flip calculator, that will help you go get answers.