All Forum Posts by: Michele Jackson

Does anyone focus on South Philadelphia, Fishtown, Montgomery, Germantown, New Kensington, Mt Airy and/or West Philly

No not personally,  but I partner with apprentices in that market and have encouraged them to attend Meet Ups.

My apprentice and I have a quite a few properties under contract in Baltimore City however they are not moving. Are they wrongly priced? Are they in a bad area? Are my calculations on the ARV and repair cost off mark? A viable cash buyer, could give sound feedback.

I have recently started to aggressively market to distressed sellers in the City of Baltimore. Does anyone have a suggestion on how to connect with cash buyers? I do not have access to the MLS in that market.

Mr Phila  Real Estate 

What area of Pa do you intend to buy & hold?

Welcome, I am in Philadelphia,  where are you?

Amen Dan, I am one of the biggest wholesalers in the Mid Atlantic region, I try offer deals at or below 65% ARV less accurate repairs cost. If the ARV exceeds $200k in my market place , I can go as high as 70%. If the motivated seller is not inclined to agree to a price that makes the numbers work, I pass, it's not a deal.

I like your strategy, I am one of the larger wholesalers in the Mid Atlantic region but still elect to work a full time corp gig. I am a labor lawyer turned HR professional and used the income from my 6 figure corp gig to build my wholesale business. Your challenge is you don't have steady income with your full time endeavor. I do not want to deter you from wholesaling , it's a phenomenal low risk investment strategy for newbies, however like many of respondents remarked it may take time to build your business. Read everything you can on the wholesale real estate investing, listen to podcast, attend local REI meetings, but more importantly take massive action every day. e.g bandit signs, yellow letters , walking/driving for dollars...etc. The other pieces of the puzzle will come togther once you have a deal.

No man is an island onto himself, once you become adept at this, build a team to grow your business. Many years used my wholesale money to buy a tri plex FHA, lived in it for the requiste period(wink) and build from there.

I grew up in Newark NJ but eventually lived in Summit and Short Hills, so best wishes to you, keep grinding, it will eventually pay off.

I 

Best wishes with your endeavors, if I can be of help , please do not hesitate to contact me.

Best wishes Julian, if I can be of help, please do not hesitate to contact me. 

You joined a great site, best wishes with your real estate investing business. Touch base with me.