All Forum Posts by: Ken DiPietro

Tom,

Quite the contrary, I am looking to sell these homes, one at a time, to retirees, and actually where more interest seems to be coming from is from the immigrant community who feel they can afford a house even making Wal-Mart wages.

What needs to be understood is the perspective of people in, say, the DC area, who are looking at homes starting in the several hundred thousand dollar range. These people have come to the conclusion they will never own a house.

Now, while you might consider Youngstown a hellhole, they see a chance at the American Dream and oftentimes have the money to buy a home there for cash, or on a mortgage so small that it is inconsequential.

If you would like, I can provide specifics of active listings that are attracting these people and we can discuss how any investor who owns properties that meet the standards of these listings could also "unload" these homes at a fair price.

Tom,

Thanks for the response.

While your point is 100% accurate, I believe I might have a somewhat different angle to utilize by marketing to people in from outside the city, based on the perceived purchasing value of their dollar.

In the last week that I have been experimenting with this concept I have interested four families to the point of calling on real estate agents there with one driving up yesterday and visiting several properties. I believe this gentleman and his wife are going to buy.

What needs to be said is that this is the equivalent of penny stocks - so your comment about making money is perfectly valid.

Hello all,

First off, I would like to say thank you to everyone who has given so freely of their time and experience. The wealth of knowledge you have provided here is certainly a generous gift.

Years ago I studied for the real estate broker's exam but decided against going into the field - not that the knowledge hasn't served me well over that time.

During the last 30 years I have been deeply involved in high tech, primarily the PC industry, including a couple of decades running my own business selling and servicing computers, ran an ISP and have worked my way up to industry spokesperson in that field.

Now I am looking to widen my horizons, even though I am not kidding myself into thinking this is "easy money" or that I will jump into this full time right away.

Specifically, I am interested in applying my high tech skills to this field, finding both traditional and innovative ways to leverage my abilities to market properties, starting out on the lower end of the spectrum and working up from there.

I look forward to exploring any opportunities that I may be offered, working with as many people as I can effectively service, learning everything I can, and teaching if I am fortunate enough to be able to.

Again, thank you for providing this opportunity,

Ken