All Forum Posts by: John Foster

Awesome thanks @Tony S. I’ll check it out 

Hey All,

Recently I relocated to the Rochester, NY area from Pittsburgh, PA. My Fiance & I bought our first duplex in August, renovated the upstairs unit & currently live in it. We plan on renovating the downstairs unit in the spring to increase rents.

My background is in Acquisitions & Property Management for a company in Pittsburgh that owns + manages a 600 unit portfolio in-house, including all construction. Over the past 4 years, I've gained a significant amount of experience including a large respect for how important it is to truly understand your market & have many personal connections with people operating within it (Agents, Wholesalers, Contractors, Subs, PM's etc).

I'm not familiar with Rochester aside from driving the area & looking at rents/sale values online. What I'm really interested in is connecting with people who have a track record of success in executing in this market. If you are someone like that, I'd love to buy you coffee or dinner at your convenience to learn about your experience here.

Thanks!

John

Just now seeing this is the Rochester, MN forum. Whoops! Well, if anyone here knows anyone in Rochester, NY please let me know. Thanks

Hey All,

Recently I relocated to the Rochester, NY area from Pittsburgh, PA. My Fiance & I bought our first duplex in August, renovated the upstairs unit & currently live in it. We plan on renovating the downstairs unit in the spring to increase rents. 

My background is in Acquisitions & Property Management for a company in Pittsburgh that owns + manages a 600 unit portfolio in-house, including all construction. Over the past 4 years, I've gained a significant amount of experience including a large respect for how important it is to truly understand your market & have many personal connections with people operating within it (Agents, Wholesalers, Contractors, Subs, PM's etc).

 I'm not familiar with Rochester aside from driving the area & looking at rents/sale values online. What I'm really interested in is connecting with people who have a track record of success in executing in this market. If you are someone like that, I'd love to buy you coffee or dinner at your convenience to learn about your experience here. 

Thanks!

John

Great post Nick Legato ! As far as paying the attorney, how did you go about that? I was thinking about splitting costs between the buyer and seller on the HUD-1 but if there are any other suggestions, please comment!

Hey wholesalers,

I am on the verge of sending out my first direct mail campaign to about 1500 people via post card and I am trying to determine what phrasing I should use on my postcards. Here is what I am considering:

Hello,

My name is John and I want to $Buy$ your house. Please give me a call at 

Sincerely Yours,

John Foster 

If anyone has phrasing that they have found to be particularly successful, please post!  Also, any feedback on my phrasing is appreciated. Thanks!

Thanks for the feedback Jay Belcher !

Hey Everyone,

I'm wholesaling in the Pittsburgh area and was wondering if anyone had recommendations about what step in the wholesaling process to have an attorney look over the contract? Also, should the attorney be present at the closing? If anyone has recommendations for reputable Real Estate Attorneys in the Pittsburgh area, that would be great!

I'm just beginning my first round of direct mailing, so any advice or tips would be greatly appreciated!

Complete wholesaling deal

Hey Everyone,

I'm looking for some feedback on a wholesaling strategy that I have put together and plan on employing sometime next week.

Using the website ListSource, I have compiled a list of 1000ish properties from 3 zip codes using all mortgage types.

1.From the property tab, I am customizing my list using the following criteria: 

a)Equity (%): Any properties that have more than 50% equity 

b)Property Type: Residential Townhouse, Residential Multi-Family, Residential Duplex, Residential Triplex 

2.From the demographics tab, I am mailing to "Household".

3.From the foreclosure tab, I am looking at pre-foreclosure initiated properties.

4.From the options tab, I chose absentee owned properties. 

I plan on sending out the 3 mailings on a 3 week interval, which will cost about $600.00 total. 

Any feedback on my customization or ListSource is appreciated. Thanks!