All Forum Posts by: Mike P.

I have a Cole Realty Resources account the gets my home and cell phone numbers for neighborhoods. The problem is, I need to filter my lists to find houses with equity, or houses that were purchased more then 5 years ago. Cole does not provide an equity filter. What company would allows an excel file to be uploaded and filtered for equity?

 Let me text you the address so you can throw your offer in the ring too. 

ARV is $80,000

 I always assume 5% capex,  5% maintenance and 5% for vacancies. I'd imagine this is way lower maintenance than my other 2 duplex in the area that are 90 and 120 years old.

This is a 3 bedroom 2 bath house 15 minutes from my house and in a C+ neighborhood. It's currently rented for $925 and I'd keep them in place. The financing is $59,000 for 20 years, the escrowed payments are $660, that includes PITI. The house was built in 1967, so it's an infant here in Pittsburgh and it looks it.

It's being wholesaled and that's who I worked this deal out with, the wholesaler, her good friend is the owner. She wants $7,000 in walking money for herself and the owner to split. 

What do you all think? I think it's a great deal. I'd have the $7,000 paid back to myself in 4-5 years and then it's basically a free house. IDK, thinking I could refi too, in 3-5 years. 

$7,000 down

Take over the $59,000 loan with an escrowed payment of $660 per month.

Rent is $925

I own a duplex. The previous owner had the water line split after it enters the basement. Each unit has it's own line and those lines have Sensus digital water meters on them. Old landlord had Guardian Water and Power handle the billing. I called Guardian last month and they no longer handle Pennsylvania.

Anyone know who I can call? I tried the municipality but they insist that they do not handle sub-metering. I called the local Sensus rep and amazingly, he didn't even know companies exist that handle sub-meter billing.

That's a very high conversion ration from cold calls to appointments. I would focus on doing a better job at pre-qualifying those that you set appointments with. Try to get your appointment to close conversion ration up to 70 or 80 percent and you'll be a rock star.

Sounds like you've got the discipline to sit down and simply crank out the calls on a consistent basis, that's the hardest part for most people.

I agree with everyone else, Monday would work best with my schedule. 

Add me to the head count.

It's not on the demo list or petition list to be torn down.