All Forum Posts by: Chris Policicchio

Just curious, how do you define "investor friendly"?  

I have worked a fair amount with PV Settlement LLC. You can email Ryan at pvstitle.com. They're really great.

@Erik Pacpaco I would recommend Riva Ridge.  I will PM you their contact info.

Hi @Jason Papp!  I'd recommend @Alexander Hamilton and his team at Pittsburgh Property Remodelers LLC. You can find him on BP. If you have trouble getting a hold of him, PM me and I'll get you contact details.

Beautiful!  Thanks @Donald S.!!

Hey BP!  I'm looking for someone who can help me with getting a note and mortgage created for a private lending deal in the state of Missouri (Buchanan County).  Does anyone have any recommendations?  A real estate attorney or company recommendation would be great.  Thanks!

Chris

I just wanted to say 'thanks' to everyone for the responses.  Big thanks to @Wayne Brooks, @Jay Hinrichs and @Tom Gimer.  Literally about 1-2 days after I posted this, Midland Mortgage satisfied the mortgage and I have since closed on the resale!

Thanks for to everyone for their input!

Hello BP! I was hoping to get some help/advice. I purchased a SFH at the end of July. Closed on 7/27. My original plan was to rehab and flip the property, but as I approached my close date, it was apparent to me that I could just close and turnaround and quickly sell for a profit. So that is what I decided. Using my network, I actually received an offer on the property on 7/27 (the same day I closed on the property). The original owner (who I bought from) had a mortgage on the property. They used the funds from selling to pay off their mortgage. The mortgage company / bank is Midland Mortgage. Midland has sent the original owner a paid in full letter. However, Midland refuses to satisfy the mortgage with county until it has been 3-4 months. This means I could be stuck holding the property for another 2-3 months, when we were in a position to close on the resales by the end of August.

My seller wants a free and clear title.  We (my attorney who did the first closing) offered a letter of indemnification to the new buyer, but he refused.  I have been advised that legally I could force the buyer to close, with the letter of indem.  Obviously, I don't want to pursue legal action, but I'd really like to close and move on.  

Any thoughts, advice, or ideas?

Thanks!

Chris

Hey @Chase M.! Welcome to BP and congrats on your desire to start you REI career! What areas of Pittsburgh are you considering? It sounds like you are going to house-hack, right? I wish I would have started there!!

Good luck!

Chris

Hi @Judy Lipinski!  I have a few occupied properties and have ended up with the Philadelphia Contributionship, too (like @Dave Lin).  I have worked with Vince Gemma  at Everest Insurance.  He's great.  Very responsive and informative.  If you are interested, let me know and I can send you his contact info.

Good luck!

Hi @Jessica Herndon!  Welcome to the BP forums!  I have had positive and negative experiences with local Property Management.  I'll send you a connection request and share some of the details there.

Good luck!

Chris