All Forum Posts by: Leslianne Costello

So, just to clarify (because I am interested in the answer to 

@Rich Hupper's question as well):

A wholesaler should complete the Offer to Purchase with "[Wholesaler] or assigns" as the buyer?

And then the wholesaler's name need not be on the P&S at all?

Or is the answer to simply go find a title company an ask them?

Hi Mace'-o, welcome to MA.  Drop by the House Flipping School Meet-up at the Hotel 1620 next Thursday, August 25... I think it's at 6:30. (You may want to google that.)  It's a great meet-up, I'm a relative newbie there myself, and I've found it very valuable.  There's always some networking time, then a presentation on an interesting topic, and then more networking time. The organizers' aim isn't to sell you anything, either.

Hi @Stephen Covel. I have a cash-flowing property in Taunton, MA. My husband and I actually bought it back in 2013 before we found BiggerPockets or really anything about Real Estate Investing, so while we analyzed several properties and did choose well at the time, I think our next purchase we should be able to do much better.  But if you are interested, here's how that one is going:

It's a 3-family house, 4db, 5bd, 4bd (one unit per story).

We bought it for $270,000 in 2013. Got a fixed 15-year, paying about $2600 a month

We get $1300, 1500, $1300. =$4100 per month.  That makes it cashflow about $1500 a month, minus expenses, which so far haven't been overwhelming.

I've been watching the MLS for the last 12 months and haven't seen another property I was ready to jump at yet. I'm actually about to launch a Direct Mail marketing campaign in the area, both to find a great next deal and to wholesale (to raise money for that next down payment.) I'd be happy to let you know if I find something worthwhile. Are you looking for multifamily or single family at the moment?

I bought a house with a section 8 tenant already in. I love this tenant and would not like to see her have to pay more, but I think I could get more for the apartment.  Is there a way to get a rent increase from housing without it hurting her? She's been many years, and I don't have a copy of her lease, to my knowledge.  Will housing have that, too?

My partner and I are about to send out our first direct mail campaign (postcards). We've settled on targeting our specific area (Taunton, Massachusetts) and I'm leaning towards using an equity list.

First question: Is an equity list (plus age 45+) a good list for starters? I'm between that and the inheritance list, but I'm open to other suggestions.

Second question: What specific equity list has worked best for you?  I've seen several suggestions and was leaning towards 40-100%

Thanks for the help!