All Forum Posts by: Danny N.

@Fitzgerald Hall Congrats Man! Don't be bothered by the naysayers, they will never get it..

A Realtor's Mind is thus : how can i get the highest price for my seller, thus get the highest commission for myself ? (pure capitalistic approach)

A wholesaler's Mind : How Can I find a solution for seller's situation that works for everyone ?

A distressed / Motivated seller's mind : I need out Yesterday! How can someone get me out of this mess NOW!

    Distressed sellers are not always looking for "highest and best " price for their house, they just want a quick solution. So it's pointless trying to convince these realtors that your way is legit, they will never get it. Just rinse and repeat your process.

The Savvy wholesalers I've seen are problem solvers and think outside the box to get things done. 

@Robert Cook

Hi Robert,

I know there are credits given for lead removal in MA, **not sure of exact amount** but I think It's like $1500 per apartment.

Thanks for the responses Everyone. I was referring specifically to new construction spec builders. I understand that building non spec may have plenty of change orders as buyer changes his /her mind, but i still see it with lower priced generic spec builds...

@Michael Letarte I suspected it had alot to do with money. It seems commercials are more focused on time as a priority and are willing to pay top dollar for the right construction team that would get the job done right and in time. A Contractor I know told me the residential new build guys are always looking for the "best price" contractor before moving to the next stage, i.e. once foundation is laid, they bid out the framing work to the guy with cheapest price, I guess it also depends on price of home.

@Karen Margrave Those are indeed intense challenges to deal with, more like a horror story, especially dealing with the lawsuit. So I wasn't sure if you said you would move forward with construction while suit is pending or will wait it out? 

@Nnena O. are you all set with contractor? If not I may have someone

Just Curious, maybe the more experienced investors can shed some light on this : Why does residential, single family new construction take ages to come to fruition while commercial moves quick?

 Or is it something that happens in my area ( Massachusetts) ?  I see new construction spec builders take months to move from one stage to the next while commercial buildings are framed and roofed sometimes in days. why the disparity?

@Vonetta Booker

is there another link to the pics?i can't seem to open the one you posted,thanks

@Michael Noto Nothing as good as a multi in a largely desirable single family neighborhood, makes it even more desirable.

You seem to be progressing with this smoothly, is it as a result of having dealt with these subs before?

how will the cash flow look with pmi?

interesting to see progress from day 1, I just stumbled upon this. You mentioned southington has few multi's, are they all located on this street ? I saw both neighboring houses are multi's?

@Julio Contrerasif you have the cash to pay the entire PMI, Why not use it instead to increase the size of your down payment, go the conventional route and thus avoid pmi altogether?

@Erica Nagle

i pm'd you the info, but not sure if it went thru, lemmie know if u got it