All Forum Posts by: Jeff Amore

Bump

Welcome @Thomas N Dowling

Another Lehigh Valley guy here.... if anyone needs help or contacts in the Lehigh Valley, hit me up. I may know someone... contractors, realtors, title, etc. Also, as some in this thread already know, I do have a fix and hold opportunity in Allentown under contract that I'm looking to wholesale, so if you're interested, let me know. 

77% Cash on Cash return and cash flow exceeding $350/month if you capitalize on this wholesale opportunity - Rehab it, rent it, and do a cash out refinance! Low acquisition cost, including no transfer tax as this property is currently owned in an LLC.

Acquisition Price: Only $17,500
Projected Rent: $900/month
Rehab: $20k
ARV: $45-$50k

Message me for more details!

@Deborah MoserHello and welcome! I am currently wholesaling in the Lehigh Valley, and, although I mostly work with single family homes, I do sometimes come across multi-families as well. I'd be happy to add you to my buyers list to keep you posted on any multi-family opportunities. Send me a message with your contact info if you'd like.

Again, welcome and happy investing!

Call on all the "for rent" ads you see in your local areas and see if the owners are, or may be in the future, looking to add more properties to their portfolios. Check the local papers, Zillow, Craigslist, treasure hunt/pennysaver type publications, etc. that will help build your buyers list.

Anyone ever tried email marketing? If so, how did it work out? I came across a company that says they can do email marketing to distressed property owners. I don't know cost details yet, and obviously that's a huge factor, but I was just curious if anyone here had given it a shot and how effective it was.

Welcome @Mark B.! 

I'm a local wholesaler here in Bethlehem (and I also do some deals in Philadelphia). Let me know if you have any questions or if there's anything I can do for you. Best of luck to you!

Great info @Kevin Fox ... thanks for the feedback! I'll definitely keep that in mind. I can tell you that it's a very popular area in a major city. The specific neighborhoods would vary since it's 90 different properties, so it would take significant research for sure. Might be a good idea to enlist a realtor in the area to help gather some of the info.

Thanks @Justin R. and @Steve Vaughan

I know this was limited info, but since it's not a real deal right now, I was hesitant to say too much. I think I got the answer that I was looking for, though. 

If anyone else has opinions, feel free to chime in!

Generally speaking, would buy and hold investors consider a purchase of a portfolio of rental properties, 90% occupied, for 85% ARV if that 85% resulted in acceptable cashflow (say $15,000/month) and over $2 million in equity? I always see the 70% rule bandied about, but something like this seems like a different beast.