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All Forum Posts by: Frank Conigliaro

Frank Conigliaro has started 3 posts and replied 7 times.

Post: Looking for Wholesalers

Frank ConigliaroPosted
  • Realtor
  • Lancaster, PA
  • Posts 9
  • Votes 5

Hey Leroy,

I'm a Lancaster County realtor who specializes in investment properties. I come across a solid amount of off-market properties. I recommend you fill out my buy box form so anytime I come across something that fits your criteria, I'll reach out. 

https://frankconigliaro.com/buy-box/

Post: Lancaster county, Pennsylvania

Frank ConigliaroPosted
  • Realtor
  • Lancaster, PA
  • Posts 9
  • Votes 5

I recommend setting up Google Alerts - that’s what I do. For example, I have “lancaster construction projects” as one. You’ll get emails whenever news breaks with your given keywords. 

Hey Blake, I'm an investments-focused realtor out of Lancaster with a large client base of buyers. I'm always looking to buy as well. Reach out so we can get connected 

Post: Is this seller financing scenario a Good Deal?

Frank ConigliaroPosted
  • Realtor
  • Lancaster, PA
  • Posts 9
  • Votes 5
Quote from @Joe Villeneuve:

Do you have any debt on the property?


 No debt. Paid off

Post: Is this seller financing scenario a Good Deal?

Frank ConigliaroPosted
  • Realtor
  • Lancaster, PA
  • Posts 9
  • Votes 5

Property details:

Class C property. Sale price $177k. Located in Lancaster City, PA 

Tenant gives me $25k down with 10% interest only payments for two years then he refinances to pay me the remaining balance.

I bought it in 2016 for $86k and put in about $10k. Current rent is $1400/month but property is deteriorating fast and needs minimum $10k put into it. It was my very first property where i made a lot of mistakes but ready to get it off my hands since i now have a solid portfolio of Class B properties.

I have a few reasons I'm getting rid of it so I'd like input on whether that seller financing scenario would be good for me. The tenant has been with me for 5 years and overall a great guy. Properties in this area are sitting on the market for quite a while now so I don't know if it's worth the risk putting it on the market and then getting less than what I could sell to him - not to mention, agent commissions and all that....

Thanks in advance.

Post: Best way to buy Pre-Foreclosure Properties

Frank ConigliaroPosted
  • Realtor
  • Lancaster, PA
  • Posts 9
  • Votes 5

So if I go on my county sheriff's sale listings website, where all the foreclosure properties are listed, would it be best to reach out to the homeowner via text or call the listed attorney's office? 

My goal would be to reach a purchase agreement before it would go to auction. Any additional input or recommendations would be greatly appreciated. 

Post: Partnership Structure Investing with Friends

Frank ConigliaroPosted
  • Realtor
  • Lancaster, PA
  • Posts 9
  • Votes 5

What would be a fair split or structure for the following situation?

I have two friends with solid capital who are looking to start investing with me. I would be doing all the work - finding properties, renovating, renting, etc.....

What would you recommend be the profit split? What percent of the down payment plus funds for renovations should I, the GP, be putting in? Feel free to throw out any additional input you may regarding this structure.

Just trying to get a feel for what works from some experienced individuals.

If your the kind of guy who comments by asking a million questions, poking holes at everything, save your time and don't comment please.