Philadelphia, PA · Member since 2017 · 10 posts · 0 votes
Hello,
We are a new investment group in Philadelphia and are looking for Private Lenders who are interested in providing funding for our rehab deals as well as a reliable General Contractor who we will be able to form a long term relationship with as we grow. We are planning on doing the BRRRR method with hopes of doing 1-2 deals in 2019 and compound our growth as the years continue. I know these are the two hardest and most sought out pieces to any real estate investing team so if anyone can provide any recommendations, we would really appreciate the help.
Real Estate Investor/Wholesaler · Philadelphia, PA · Member since 2015 · 757 posts · 318 votes
7y
@Eugene Carelli Feel free to reach out I have a private lending partner that I can refer to you. I don't refer any GC's, best of luck with that part ;-)
Rental Property Investor · Philadelphia, PA · Member since 2013 · 139 posts · 232 votes
7y
@Eugene Carelli in terms of the GC, you will have better luck finding one once you have a property owned/under contract that they can walk through and bid. Getting one on board without any confirmed work ready to go is hard.
I would recommend signing up for HAPCO and DIG, two local Philly organizations where the members often share contractor referrals and recommendations.
That being said, it's a tough time to get started because Philadelphia is a hot market so most of the GCs who are knowledgeable/reliable/affordable have steady work lined up already from repeat investors who they've worked with for years.
It's still doable to find good contractors out there, so I don't mean to discourage, just know that you will have to go through a lot of ones that are sub par in multiple ways before finding ones you can rely on.