I'm new to BP but have already learned a ton from reading and listening. I'm looking to get into real estate investing in the Philadelphia area. I hate the idea of "wasting" my money on rent each month and would prefer to own to build equity instead. I have some experience in construction and enjoy that type of work so I thought a ~2 year live in flip would be a good option for me to get started. I found an off market (As-is) property in a great neighborhood at a price point that I think I can work with to get some great returns after the renovations.

I'm looking to find a contractor, estimator, or someone who knows what they are looking for to help me get an idea of repair costs. I'm hoping to find someone to give me a half hour or so of their time that I'm willing to pay for your time in cash, food, beer, labor, or just let me know what I can do to make it worth your time. There are underground outlets throughout the home, no GFCI in the kitchens or bathrooms, one horizontal crack from floor to ceiling in the first floor with a crack running the width of the room where the wall meets the ceiling, there is a thin stair step crack on the brick exterior (seller claims the issue was repaired). It also has about a 3" in elevation sag on the ground floor in one corner.

since I don't have a ton of capital (basically enough for 3.5% down and hopefully use seller assist for closing) I was considering using a 203k loan to fund the repairs above to basically get it up to FHA approval standards and then either do the work myself or use non 203k approved contractor for the rest of the renovations over the next 2 years.

If anyone can recommend a contractor in the Philadelphia area that might be willing to help me out it would be much appreciated!

0 Votes

5 Replies

Jump to Last Reply

First time Flipper looking for a contractor in Philadelphia

Most Popular Reply