All Forum Posts by: John Tomassacci

Brian, I shoot for $100-200 per door in the first year. Are you buying off the MLS?

 Hi Chris, Thanks for the response.  I've been looking in the Scranton/Dunmore area for about 2 years but see a lot popping up in Dunmore recently.

 Also maybe I'm being too cautious, you are finding deals.

 Hi Jaycee,

Apreciate your response.  For a 2 unit I'd like something around $200K, will go higher for more units.  The down payment isn't a problem.  A fixer is generally where I buy but I'd buy turnkey if the cash flow is there.

Hi Brian,

Appreciate your response.  I own multifamily in Great Bend and Halsted PA.  I've been looking in the Scranton/Dunmore area for about 2 years but the cash flow doesn't seem to be there.  I'm about ready to retire so I'm not looking to compete in a bidding war, mainly looking for a fair deal that I can rehab or a turnkey with some cash flow.  Have a great day.  

I want to start investing in Dunmore, PA.  Any advice is greatly appreciated.  Looking for advice on good areas and areas to stay away from.  Thank You in advance.

Thank you for your advice.  I just bought the place with tenants already there.  I think they thought they could slide this through without me catching it.  Have a great day.

I have a tenant who hardly ever stays at her apartment but has let her 20 old daughter move back in and the daughter brought her boyfriend with her.  They are nice people but I'm not sure how to handle the lease now.  Should everyone be on the lease?  Any advice is greatly APPRECIATED.  Thanks in Advance.

I'll be there.  Looking forward to it.

Investment Info:

Other buy & hold investment.

Lake Rental
$840/WK

What made you interested in investing in this type of deal?

Short Term Rental

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Refi residence

How did you add value to the deal?

Rehab

What was the outcome?

One of my favorite places.

Lessons learned? Challenges?

Learning the lake rental process.