All Forum Posts by: John Knisely

Turnkey duplex (3 bedrooms, 1 bathroom per side) in Drexel Hill PA 19026. Coming soon to the market at 309k. ~$1500-$1700 per side per month rent comps! Ready for new owner and tenants. Great residential street. Message me for details! Delaware County PA (Delco), just outside of Philadelphia

1 Vote

Originally posted by @Jeff Moore:

John Knisely , I have signed a listing agreement, and I do want to use him, he’s really done a good job. My house went under contract the day before it was supposed to go on the market.

I feel like I need to negotiate with him a little bit though. Especially after the responses I’ve received here.

Thank you all for responding, by the way.

Generally speaking, the time to negotiate that is before you sign the listing agreement. Its worth having the discussion, just keep in mind you likely already agreed to this in writing, so it may be tricky.

4 Votes

Jeff, have you signed a listing agreement? It's worth getting a second or third opinion. Interview a few other reputable agents in your area.

Commissions are always negotiable. What's the list price of your home? Could be a factor at play.

1 Vote

Originally posted by @Amdrew Polinchak:

Thank you everyone so far! Does anyone have any referrals for Philadelphia though? I've looked at CPA's such as @Brandon Hall (although NC) that seems would be great, I'm not sure I can afford the $500/month minimum package at this time. But I am looking for someone who can help me properly set things up so I can reap tax savings now, and in the future.

I've also heard of Matt Einheber for a good title person.

There are many property companies I've inquired about in Philly as well. But looking for investors referrals for which ones they've used that are effected.

So referrals for any of these would be much appreciated!

Thanks again

Chris LaSpada with D'Amato & LaSpada, LLC. Great guy and a lot of experience servicing the real estate industry. Their firm is in Wilmington, though they are widespread throughout the greater Philly area.

0 Votes

Philadelphia, Pennsylvania

Originally posted by @Steve Babiak:

@John Knisely - you should give @Dave Van Horn a vote on that set of pictures where he has you right smack in the middle of the one photo.

My 15 seconds of fame has come Steve! Dave thanks for putting on such a fantastic event. Enjoyed every minute of it! Very well organized.

2 Votes

Hey David, shoot me a message if you want to chat. Depending on where in the Philly area I may be able to help or at least point you in the right direction.

0 Votes

Originally posted by @Rosanna Delacruz:

curious to know where the best place would be to find multi family properties other than realtor.com

Rosanna, sites like Realtor.com pull right from MLS, so if you are looking to go right to the source, talk to your realtor about sending you listings via an MLS autosearch. You can also network with local investors and agents to try and find off market properties.

0 Votes

Philadelphia, Pennsylvania

Originally posted by @Lana Lee:

Originally posted by @John Knisely:

Originally posted by @Rich O'Neill:

Originally posted by @Max T.:

Aren't most multi family properties not bought/sold through the MLS?

While this is probably true, I am pretty sure Trend (MLS) will still capture the sale from public records updates and report it so they will still play into the volume and median sale price figures but they would not play into the DOM figures.

So this is in interesting point in how I pull my data. I don't know statistically what the breakdown of off vs on market is, but I would be surprised if the "most" part was accurate. I suspect that on market sales make up well over 50% of the total multifamily sales, but I'm going to dig into that to see what I can find.

I actually pull my numbers manually (not through the pre-prepared TREND charts/data) from Settled properties on an annual basis. I don't think this will catch off market sales because they are not Settled through the MLS system. Off market sales will eventually show a "recorded date" and public records will be updated in time but its not particularly fast. I closed a FSBO in January and one in February and both still do not show the new owners info in the TREND records.

More to come as I investigate this!

Let's take for example 19115 area. Since October 2017 there were about 13 FM sold and non of them I believe were on the market.

I found 8 that settled on market since October 2017. Again the off market ones are harder to track but if you send me some addresses of those I will try to run it down.

0 Votes

Philadelphia, Pennsylvania

@Salina Robbins welcome to BP neighbor! Definitely check out DIG (Diversified Investors Group). They have a Delaware County subgroup (meets in Havertown) and a Chester County subgroup (meets in West Chester) that you are probably about equidistant from. Great learning and networking opportunity

Also @Dave Van Horn is hosting a huge summit event in a few weekends that looks like it is shaping up to be pretty awesome!

Shoot me a message if you want to chat sometime.

3 Votes

All Forum Posts by: John Knisely

John Knisely has started 15 posts and replied 341 times.

Post: Drexel Hill PA 19026 Duplex, rehabbed and move in ready!

Post: Drexel Hill PA 19026 Duplex, rehabbed and move in ready!

Post: Agent Commissions too high?

Post: Agent Commissions too high?

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Post: MidAtlantic Real Estate Investor Summit! April 21st & 22nd 2018!

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Post: Philadelphia Multifamily Trends

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