PA Deals, LLC is a cutting edge, privately owned residential real estate investing firm. We began our investing career in the Greater Harrisburg, PA area. Over the last 4.5 years we have experienced phenomenal growth and are now making a presence not only in Harrisburg, PA, but in York and Philadelphia, PA as well.
Our company focuses on one thing – wholesaling real estate to investors! We specialize in selling properties to investors at 40% - 60% of the true fair market value while offering services to all of our clients helping them make their investment successful. We are truly a “One Stop Shop” for investors from all walks of life.
Over the years our company has evolved into a very large network of like minded professionals. Our company has built an awesome network of professional support with attorneys, accountants, lenders, realtors, title companies, insurance reps, contractors, electricians, plumbers, HVAC technicians, home inspectors, auctioneers, advertising agencies and many more. We work in perfect harmony with our entire network and help each other reach and exceed our goals on a daily basis.
Our owners and staff have over 27 years of real estate experience and are extremely well versed in real estate investing. We are constantly researching and educating ourselves to stay on top of the ever evolving world of creative real estate investing. As of July 2006 the principals of PA Deals have successfully completed in excess of 350 real estate transactions.
Click here to listen to WHP BOB DURGIN, PA DEALS LIVE READ
When you become a client of PADeals.com you will have access to private investor-friendly financing, provided by two privately owned firms that work with our company and our clients exclusively. This type of investor friendly financing will help you get into more deals in a shorter amount of time by avoiding all of the red tape required by most conventional lending institutions.
Rehabbing Assistance Programs
As a client of ours you will have access to two exclusive Rehabbing Assistance Programs, Contractor Referrals and Contractor Referrals and Rehab Consulting.
Marketing Assistance Programs
Whether your plan is to hold properties for long-term positive cash flow and appreciation, rent-to-own/lease option properties, for the best of both worlds, or flip (resell) everything you buy, we have a program designed just for you.
"For me to be successful in real estate investing I needed to surround myself with a great team. The team at PA Deals is exceptional! I learned more in my first six months than I did in the previous five years attending seminars and reading books. Using the PA Deals system cut years off my real estate learning curve. There wasn't one scenario I encountered that these guys hadn't already dealt with and successfully handled. I've learned a lot and have had a great deal of fun.
These guys know their market and conduct business with honesty, integrity and professionalism – it's a great winning combination. Their system is tried-and-true - it's great to work with others who are as equally concerned about my success as I am. These guys deliver! If you are not successful with PADeals.com, you should not be a real estate investor."
Tom Henschke Harrisburg, PA
Well I am a little biased seeing as though my brother is an owner of PA Deals but I must say his company and staff are great! I am working on my first deal right now and have plans on doing at least 6 a year.
Jeff Swanger has been a tremendous help in getting the rehab underway and helping me make many decisions pertaining to the construction phase. I hope to quit my job as a dental hygienist within 2 years and go full time into real estate investing.
Karen Wiest Harrisburg, PA
I've purchased two properties from PA Deals, LLC in a span of 2 months. One I already sold and the second one is just getting under way. And I'm already discussing a third property with them.
I thought I would test the waters with my first property and see how the system works. PA Deals provided me with a detailed report of what my anticipated expenses and profits would be. My litmus test was to see how accurate they were. They estimated a $10,000 profit (which was wrong!) It just went under contract netting me an $11,000+ profit. I'll take their mistakes any day.
I have found the entire staff at PA Deals and all of their affiliates to be an all star team. Aside from their professionalism, they are a great group of people to work with and they've earned my trust. I look forward to many more deals with them in the future.
Update – 10/27/06 – I just closed my 5th deal with PA Deals. I am on track to do at least 12 deals with them in 2007.
Dan Kermaier Baltimore, MD
Questions and Answers:
Q1: A3 Are there any sign up fees associated with doing business with PADeals.com?
A1: No, although there really should be. PADeals.com may eventually create a membership with annual fees, but for now there is no charge at all to do businesses with PADeals.com. The only time fees comes into play are if and when you use the Rehabbing Assistance Programs and Marketing Assistance Programs which are both optional. They are priced from between $495 - $995 per deal.
Q2: How does PADeals.com make money if they don't charge any fees?
A2: PADeals.com makes money by building their profit into your purchase price. For instance, if PADeals.com bought 123 Main Street for $45,000, they would be selling the property for more than that to you. We utilize many ways of finding real estate bargains ensuring you never pay more than 40 -60% of the properties true fair market value.
Q3: If PADeals.com is building their profit into the sale price, how do I know I am getting a good deal?
A3: There are a few answers to this question. First, our lenders only lend 70% of the property's fair market value, which is determined by a licensed appraiser hired by the lenders. In, addition, as a safegaurd against loan defaults, lenders will not loan money on a deal if the property is not priced well below true market value. Another way to assure that you are getting good deals is to run comps, which are nearby properties similar to the one you're considering buying that have sold within the last 12 months. You get comps from a local real estate agent, or you can obtain them through PADeals.com for free.
Q4: If PADeals.com is selling their clients such good deals why do they need me to get involved with the company? Why give away so much equity and profit?
A4: PADeals.com has a clearly defined business model that calls for income to be generated by four methods of real estate investing: long term buy and hold rentals lease option sales buying, fixing and reselling to owner occupants and finally, wholesaling properties to investors.
Q5: What are the costs of obtaining private financing?
A5: Our affiliated lenders charge 4 points and 12 percent annually. For example, on a $50,000 loan, they would charge $2,000 in points and $500 a month interest only payments. Don't worry - all up-front points are rolled into your loan as part of the closing costs. These terms may seem high if you're a new investor, but similar loans offered elsewhere would charge between 5-8 points and interest rates rates of 15-18 percent annually.
Q6:What are the requirements for obtaining private financing
A6:Their affiliated lenders require a credit score of at least 670 and liquid cash of at least $10,000. They also require proof of steady income, with adequate monthly cash flow after all living expenses.
Q7: If I use the Rehabbing Assistance Programs will PADeals.com will handle my entire rehab for me and guarantee the work?
A7:No. The Rehabbing Assistance Programs are simply a “helping hand” along the way. You are still responsible to monitor the progress of your project, communicate with your contractor, visit your property and make tough decisions when needed. Check out the Rehabbing Assitance Programs section of this website fer details on how this service can make life easier for both new and seasoned investors.
Q8: On average how long does a typical rehab take to complete if I use the Rehabbing Assistance Programs?
A8: On a $10,000 job the project in most cases will be complete in 6 weeks.
Q9: If I use any of the Marketing Assistance Programs am I guaranteed to rent, rent-to-own or sell my property in a certain time frame at a certain price?
A9: No. If using any of the marketing programs there are no guarantees as to how long it will take to rent or sell a property. We do however have a dynamic team of professionals that work very hard to make the most of what your property has to offer.