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All Forum Posts by: Joseph Milano

Joseph Milano has started 5 posts and replied 17 times.

Post: New Investors: Ask Me Anything

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6
Quote from @Jonathan Greene:
Quote from @Joseph Milano:

Hey Jonathan,

I also live in New Jersey, and wanted to start expanding into wholesaling to keep funding my rental portfolio and open up more opportunities to make money. Since I am familiar with south Jersey and some of the surrounding philly burb's I wanted to target these areas, specifically 3 bed 1-2 bath homes in decent areas I wouldn't mind owing rentals in. A couple questions for you.

1. Do you have or know where I can find a specific assignment and/or sales agreement that explains to the seller my right to assign their contract, and that the end buyer will be responsible for purchase and closing cost? 

2. If you were starting out again in wholesaling right now, which lead generating techniques would you start with, and how do you separate yourself from the major wholesalers in the area who are likely also contacting the same people?

Thanks in advance for your help!



Hey Joseph. I have an off-market sales agreement tailored for NJ if you want it, just DM me. You can edit it, but should have both of those in there. I've never wholesaled, it's too murky. I give deals to my investors in return for them listing their flips with me and I do wholetailing more where I close and lipstick it and the relist it. To start wholesaling in NJ, it's tough. South Jersey is ok for it though, Philly is already full. The only way to separate yourself is to get good deals and not try to take too much of a spread in the beginning to build up your buyer database. I would take 10k on a wholesale if I could give it to an investor who will come back. Your numbers (repair cost and ARV) have to be accurate to be of any value. Hope that helps.


 That is very helpful thank you, I appreciate the guidance and resources!

Post: New Investors: Ask Me Anything

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6

Hey Jonathan,

I also live in New Jersey, and wanted to start expanding into wholesaling to keep funding my rental portfolio and open up more opportunities to make money. Since I am familiar with south Jersey and some of the surrounding philly burb's I wanted to target these areas, specifically 3 bed 1-2 bath homes in decent areas I wouldn't mind owing rentals in. A couple questions for you.

1. Do you have or know where I can find a specific assignment and/or sales agreement that explains to the seller my right to assign their contract, and that the end buyer will be responsible for purchase and closing cost? 

2. If you were starting out again in wholesaling right now, which lead generating techniques would you start with, and how do you separate yourself from the major wholesalers in the area who are likely also contacting the same people?

Thanks in advance for your help!


Post: Buying materials for rental rehab?

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6

@Evan Polaski I haven’t received the bid yet but I will be sure to find out if supply pick up is included. I don’t mind paying for someone’s time to pick up materials as long as it’s reasonable. If supplies will be needed on a daily basis I definitely don’t have the time for that so thanks for the advice.

@Aaron Schrader Do you still do your own work on your current property’s then? I am curious as to why you don’t have someone else pick up materials if it is so time consuming. One of the reasons I wanted to pick out everything is because I know exactly what I wanted and figured it be easier if I just picked it up, but it sounds like the the cost for having the contractor pickup and purchase materials justifies the time and hassle I would save going to and from the store all the time. Thanks again.

Post: Buying materials for rental rehab?

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6
Originally posted by @Helen Stanley:

As a contractor, I recommend materials to my clients but I prefer to pick them up myself since there are usually other rough in materials that are not accounted for or tend to be forgotten about and having to make a trip out to the store when your customer was just there is frustrating for both.  I assist my property managers and homeowners on what the best material is for their money or by giving an option 1 and option 2 since the money they have to spend is a key factor in this business.  From a contractor's standpoint, the pro is making sure you have everything, the con is spending the time to do so and the unknown specs from the material selected.  I usually include labor and material in my estimate and account for everything, unless the customer decides they want to select the material.  In that case, I request to review prior to purchase to check specs, measurements and dimensions (depending on materials of course) only because I have been in situations where the homeowner selected materials and it became a disaster because they did not measure anything.  Any light fixtures or ceiling fans being replaced should have wiring checked prior, minor plumbing needs to be measured for proper fitting, there are factors that we as contractors consider, where others may not.  

Congrats on your first rehab and reach out if you have any questions!

Hey Helen,

Thank you I appreciate that, having that viewpoint from a contractor is very helpful.

If the customer decides to order the material instead of having that included into the estimate, do you make sure they also purchase the necessary rough instructions material? 

Post: Buying materials for rental rehab?

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6

Thanks for all of the replies everyone I appreciate the feedback! I am still waiting to get back into the house so I can get a quote, but having the option to order everything on my own and have the contractor pick it up seems like the best route for this time since I already have all the measurements needed for the kitchen and other fixtures.

Post: Buying materials for rental rehab?

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6

Hey everyone,

I’m closing on a deal at the end of this month, this will be my first time going through a rehab for a property and hiring out the work. I’m hiring a handyman because most of the work is things like painting/ installing new fans and fixtures, and replacing kitchen cabinets.

For anyone with experience working with someone for the first time on a smaller job like this, do you prefer to pick up all the materials yourself and drop them off at the house, or give the person you’re hiring a list from Home Depot or Lowe’s and have them do all of the running around and purchasing? Pros and cons to either method?


Thanks for your help!

Post: Phone App Receipt Tracking

Joseph MilanoPosted
  • Rental Property Investor
  • New Jersey
  • Posts 17
  • Votes 6

After searching for recommendations on mobile receipt tracking apps and finding this post, I downloaded the Wave Receipts app and would agree that it has a lot to offer, and makes tracking your expenses and saving receipts to your phone or desktop very easy. 

I don't need the payroll function or some of the other options that the app offers, but it is perfect for what I need it for now, and it is nice to see how much thought was put into developing the app