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All Forum Posts by: Daniel Morgan

Daniel Morgan has started 12 posts and replied 38 times.

Post: Thank you BP!!!! I've closed my 1st wholesale deal!

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

Wow great post Eric very inspiring to see u take massive action! How did you find your real estate attorney? do you attend your local reia? 

Post: Newbie from Milwaukee, WI

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

welcome David, Theres so much info and help on the BP site that Its hard not to get your questions not anwsered here lol

just dive in!!!!!!

Post: What cities are the Hedge funds buying in ?

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

love to here more insight on this topic, very interesting

Post: Investing in Homes near new Casino?

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

@Jay Himrichs thats awesome!!!!! thats one hell of a  flip if thats goes threw for you, hope it does.

@Bob Couture i kinda figured that about the appreciation in the metro area, the reason i was concerned was because i got a lead in the downtown area in Springfield and i was trying to evaluate the numbers, seeing that the casino is gonna be built 3 blocks away i was wondering how that would play a factor with the numbers. 

Post: Investing in Homes near new Casino?

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

Thanx @carollyons and @stevenpicker, your info is greatly appreciated, i really would love to see that webinar, could be very helpful.

Post: Investing in Homes near new Casino?

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

sorry for the typos, trying to type and put my 1 year old down for his nap lol

Post: Investing in Homes near new Casino?

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

Hi Bpers

I live/invest in the Springfield MA area and this spring they are starting  building MGM Grand Casino in the downtown area. Its suppose to rejuvenate the downtown area with shops/attractions and amenities ect..  It should be complted by 2017

I was wondering if its a smart ideal to invest in rental property (duplexes/triplexs) near the area? will the market value increase or decrease with the casino there? The area is C/D area at the moment but i was wondering if it would increase due to the redevelopment... Any seasoned investors in the area feedback would be greatly appreciated

thanx

Post: 1st Yellow Letter Response

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

Great job David!  u asked all the right questions. Just keep consistent  and keep moving forward, u will have a deal in no time. 

love to hear the results of this potential deal

good luck!!!!

Post: Potential Investor From Greenfield, MA

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8
Originally posted by @Thomas Guertin:

Hi Craig

We just had our first REIA gathering in Springfield tonight. You may want to connect with Tristan Chicklowski because he started the group and he can keep you updated to when the next meeting is.

In regards to not finding properties, I think you have to create the opportunity with mailings and other marketing or find some wholesalers. I don't think you will find a deal on the MLS and if you do, you will get bid out by an experienced investor who knows their numbers down to the last $10 and can pay cash for the property. Try not to get into the thought that the "grass is greener on the other side" syndrome. Keep looking, network and something will come your way.

Tom

 Great advice Thomas! There's always good deals in your backyard you just gotta be will to put the time and effort to find them. Best of luck Craig

Post: Leveraging My current Assets to purchase a property?

Daniel MorganPosted
  • Real Estate Investor
  • Springfield, MA
  • Posts 39
  • Votes 8

Hi everyone i have a question if anyone can help with advice it will be greatly appreciated.

I currently own my single family residence i purchased in 2012 and I also own my 1st home purchase (2 family multi purchased back in 2010). theres no equality in the multi but I do believe there is some in my SF residence because i got it alittle under market vaule.  Im looking to purchase another property and was wondering whats the process of me using what i own already toward purchasing a new property as a buy/hold. Are there any perks that i could use for leverage with what i already own? i would like to stay under 10k out of pocket as my down payment.