New BRRRR in West Passyunk (South Philly / Point Breeze)

[Mike B.]

Hi all,

I started a thread of a new project I'm working on.. and then realized I posted it in the wrong forum. 

---CLICK HERE FOR THE THREAD---

Mainly sharing for the newbies/people afraid to get their feet wet.  My advise is simple.. JUST PULL THE TRIGGER

Buy your property, start working on it, rent it out (or flip it or whatever your goals are).  Else you may be on the sidelines forever. 

I pulled the trigger a few years ago and am still doing real estate on the side; happy I got into it, definitely rewarding! 

Any questions, ask away

PS - also if anyone knows how to move my topic to the right forum I would appreciate that info as well :-)

[Mike B.]

@Ryan B. - I am the acting GC (coordinating everything), doing some smaller projects/work that's usually difficult to have my main contractors do.  Basically subbing out most of the work to each specialty tradesman.  

Starting the Refi process right at the 6 month mark hasn't been an issue.  I use the same mortgage broker (and have been for a few years now).  I have all my documentation in order, ready to upload to dropbox so when we start the process, I send everything immediately, along with updates/additional info when requested.  The big thing is to be on top of the paperwork.. if they ask for something.. the sooner you send it the better, because they likely need to FWD it to an underwriter, etc.