All Forum Posts by: Paul Sorgi

@Justin Fong there are plenty of meetings in the Boston Area.
Ann Bellamy is one of the founders of the Black Diamond group that meets in Waltham and Worcester. Mike Hurney runs the Massachusetts Real Estate Investors Association and they meet in Danvers and I am sure Mike will correct me if I have the wrong location. There is the Eastern Mass REIA that meets in Rockland and Taunton.

Welcome to BP you'll find tons of info here and lots of local investors as well. So when do we get together for that beer?

Brian the best get ready step is to take some action. The first step would be to find a property and in most areas the fastest way maybe to go for a ride in your car and look for vacant homes. Second find the owners and call them to see if they are interested in selling. Third get it under contract and fourth find your buyer.

You don't need websites, autoresponders, email accounts, or hot lines to get your first deal.

Your best use of time would be finding deals, analyzing them and passing the great deals off to the next investor.

Wholesaling is a simple strategy but it does entail acquiring several skills.

Here are a few areas to focus on.

1. Marketing for properties
2. Evaluating properties. Determining ARV, repairs, MAO
3. Negotiating the deal
4. Building a relationship with your buyers

KB nice to meet you here and you will be happy and successful if you dig into the material here at BP. Lots of great people here openly sharing their knowledge.

There are a few things you need to learn.

1. How to find sellers

2. How to value properties (Determine ARV)

3. How to estimate repairs

4. How to establish your buy price aka Maximum Allowable Offer MAO

5. How to find buyers

What would you like to start with?

Plenty of advice has been given now it is your turn to take ACTION! Let us know how you make out.

The flip can help increase your cash and give you more money to purchase rental properties. You did not share any details so it is hard to evaluate. But some of my questions would be what is the ARV? where is it located? how much are the repairs? Purchase price? Are you supplying a deposit? lending him the money? is it a partnership for a % of the profit? etc.

Jesse Niedringhaus I like the Brockton area and the surrounding towns since it is my backyard. Lots of SF priced under $130,000 but lately they have been moving fast. To be rent ready need about $10,000+. The deals are there but you have to move quickly or they get snatched up. Multis not in need of repair are going to cost a bit more.

Hi Justin C. I am South of Boston and just want to add that there are deals everywhere. I have flipped a home in Brockton and I am in the process of closing on a house in Abington way below market. If you keep looking and stick to the numbers you can and will find a deal.

Depending on your State they can handle your closing, hold the escrow, review your contracts, etc.