All Forum Posts by: Daniel Pitta

@Daniel Pitta 

You are welcome.

There about 62 duplexes in my MLS ranging from $25K (Highpoint needing upgrade. $500 total rent per month for 2 units) to $695K (Charlotte, Costwold nice area).

In Charlotte alone its 15 duplexes of the 62 above. $145K to $695K . 

Hi @Daniel Pitta,

I second what @Benion Horton says about the bidding wars with multis.  

Per Huntersville and Cornelius: these are well sought after areas. Rents for a 4 bed ranges 1350 to 4980, 3 bed ranges 1250 - 3000. I just checked our MLS.

Yep, South Park could be pricey.

I am an investor and REALTOR.  Feel free to reach out and grab coffee/tea when you visit.  

@Daniel Pitta there is no magic answer here or secret formula. This is years of networking, flipping, lending, wholesaling and building relationships in DC, MD and VA. The longer you stick around the more opportunities you will be presented with. Most of my deals at this point are products of people who do not have systems or processes in place and need help with negotiations, contracts, finding buyers, title companies attorneys, etc. I will either JV with them or pay them the fee they are looking for and take over the deal from there.

My organic deals are much the same.  At this point all of my friends and family know exactly what it is I do.  Be sure to brand yourself this way, referrals should be a big part of your business.  In addition I also do mailers, have a really good follow up system with past clients, cold call, build my own lists, etc.  

If your looking for specific criteria to target there are tons.  Divorce, probate, absentee owners, tax delinquent, equity position, age.....

Platforms I Utilize:

Marketing/Prospecting - MLS, Craigslist, FB, Zillow, BP (I have easily done 20+ deals due to BP), Jerry Pucket Mailers, Open Letter, Remine,

CRM - Hubspot, Microsoft Dynamics, Excel

@Daniel Pitta there is no magic answer here or secret formula. This is years of networking, flipping, lending, wholesaling and building relationships in DC, MD and VA. The longer you stick around the more opportunities you will be presented with. Most of my deals at this point are products of people who do not have systems or processes in place and need help with negotiations, contracts, finding buyers, title companies attorneys, etc. I will either JV with them or pay them the fee they are looking for and take over the deal from there.

My organic deals are much the same.  At this point all of my friends and family know exactly what it is I do.  Be sure to brand yourself this way, referrals should be a big part of your business.  In addition I also do mailers, have a really good follow up system with past clients, cold call, build my own lists, etc.  

If your looking for specific criteria to target there are tons.  Divorce, probate, absentee owners, tax delinquent, equity position, age.....

Platforms I Utilize:

Marketing/Prospecting - MLS, Craigslist, FB, Zillow, BP (I have easily done 20+ deals due to BP), Jerry Pucket Mailers, Open Letter, Remine,

CRM - Hubspot, Microsoft Dynamics, Excel

@Asif Ahmed 2017 proved to be another good year for NOVA wholesale deals.  Anything in Alexandria, Arlington, Vienna, Falls Church, McClean, etc flies off the shelf.  I am also seeing a good amount of activity further out like Springfield, Woodbridge, Sterling, Ft. Belvoir, etc

Demand is still very high but inventory is low compared to the DC and PG counties of the wholesale world. If you are going to take on VA have your systems in place and be prepared to fund a sizeable campaign.

$7k for thr bathroom. Pool removal would vary by size, but its a lot more money than people typically expect. That location maintains decent demand, thus decent appreciation over time.  Sire its a little stronger in thr Rockville High cluster than there, but not a vwry big difference.  From route 200 and south you typically have pretty good demand and appreciation.