All Forum Posts by: Mark Callazzo

we buy a lot in and around Atlantic City.   

how big is the portfolio 

unfortubtely nonrefundable fees are standard for banks and private lenders.   $400 is not high at all.   I would ask them for some references of recently closed loans to make sure they are real lenders to be on the safe side 

welcome.    We love Philly and have had a lot of success there.  

id like to hear how it goes.  We are from NJ and about to buy our first house in Baltimore too.    

@William Watson, it is nice to meet you! There are many of us in Philadelphia. Do you go to any local REIA's. There are so many where you can really build your network.

@Fabrice Eliacin you could go to your local REIA's to find investors. I see a lot of wholesalers bring print-outs of the properties to those kinds of events. This way if someone is interest in the property, they won't forget to call you. You can also post properties on multiple websites like Bigger Pockets.

we have found success in Point Breeze but have lent in most of the developing areas.     Feel free to reach out for any advice.   

@Jacqueline Pelzer good cap rates in Philly can vary from 8%-12% depending on the type of property. I found 2 great articles right on bp that will help you understand cap rates. Good luck!

https://www.biggerpockets.com/renewsblog/2011/11/1...

https://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/

@Elaine Gee there is one in Asbury Park once a month. I have gone to it a few times myself. It is pretty good.