All Forum Posts by: Greg Behan

I am open minded to any ideas...  my only concern with 203k is I'm not 203k certified.   Can't do typical loan off the bat due to current condition

Hello all,

     I have done a few flips in the past using a private investor, doing the project, selling it off, and moved on.   I found a house that's gonna be different and would love some input.

     I found a house that I personally want to move into.  I plan on buying it with private money like a typical flip and then refinancing or selling it to myself.  I am not sure if anybody has done this type of thing before but I would love to hear your input!

For what it's worth.  I made my offer as if it was a standard flip.  So ideally I would like to move into the house no money down and my profit is basically my equity!

To say the least I just backed out of an awful granite supplier in Charlotte.  Awful is the most polite words I can assemble at this time.   Does anybody here have a referral for a granite supplier/installer?  I genuinely appreciate it.   The job is fairly straight forward its a double vanity top and the surface mount bowl sinks are already on the jobsite.

Hi Vincent, Croydon is not my area...     Will I would love to chat feel free to call anytime.

I know they are okay with a home needing repair.  I am a general contractor but getting down there to work would only be doable in small portions.  I believe the like the single family homes but are much more open minded to a condo/townhouse as the location gets closer or more convinient to uptown.

Hello all,    

     I just went to Charlotte last weekend with my sister and her husband to look at a few properties.  They are going to be moving from center city Philadelphia to Charlotte early this spring due to his job.  

     After going to Charlotte I have gotta say it is a beautiful, clean, and friendly city in my honest opinion.  Also I noticed the real estate scene is booming.  I saw a lot of new construction and plenty of houses selling for more than the best comp did.  It's a great sign of an appreciating area.

    Long story short Charlotte may be a great city to invest in but the main question I have right now is for my Sister and her husband.  They plan on moving down there and purchasing a house.  They are 30 and very used to an extremely upbeat down city life.  They would like to maintain this type of location to the best of their ability so that they could walk downtown to local bars and restaurants.  That seems to be their biggest want even more so than any specifics on the house itself.   Obviously supply and demand makes that part of the city by far the most expensive. ( by the stadium and discovery place )

     Moving on, There seems to be a ton of different neighborhoods throughout charlotte (similar to Philadelphia and I'm sure many other main cities) and all of these neighborhoods varied a bit (naturally).   Philadelphia has been booming for a few years and some of the neighborhoods that were slightly "rough" have appreciated into much nicer "hip" neighborhoods.

      This is where my questions basically begin.  They just found out about moving so the time is limited.  They have plenty of time back home in philly to look at houses online talk to people or whatever, but they aren't physically going back to Charlotte until January to look again.   They really want to keep a strict budget (165k) and purchase a property they can enjoy during these years (no kids, would like to travel more, and save for the future).  When they are ready to grow out of the house (5/10 years give or take I'm throwing a number in there) they would like the house value to have appreciated either as a rental or resale.  Being from the philadelphia area they aren't really too opposed to a rougher neighborhood, don't get me wrong they aren't looking for badlands, but lower income neighborhoods that are close to the desirable neighborhoods tend to be the ones that appreciate or turn over the most.  ( in my opinion feel free to agree to disagree and discuss your theory )

     Obviously this is a dream scenario and hard to predict, but due to limited time and not being able to go down there myself much at all I decided to reach out to my fellow investors and would truly appreciate and insight or advice you may offer.

Thanks,

Greg

Hi all,

     I'm a general contractor and real estate investor from Bucks County PA.   I was just curious if someone would be up for bouncing a few e mails (or a phone call) back and forth about personal finance and maybe help me create a stronger financial structure moving forward.   Feel free to pick my brain in return, I'm experienced in almost all aspects of construction and have successfully flipped 3 houses in the suburbs.   I would hate to have a one sided brain picking, maybe I can help with something down the road who knows.

Thanks for your time,

Greg

I use nothing but sherwin williams products.

See if you can get a contractors account and buy pro mar 200.   Great product and its around 30 bucks a gallon with an account.

I am a general contractor so I might be biased...    But also, they aren't as cheap as they like to pretend to be.   

Long story short would you rather have a new tub and shower or would you like to put a mask on your current one?

I HAVE RIPPED OUT THESE SHOWERS!!!!

I don't mean to be a debbie downer or holmes on homes.   Let's just face it.   If its cheap and easy it's probably not correct.   I had to rip out a bathroom for a new home owner that had their shower tiled over by the previous owner.  The reason for it was because the drain and the shower liner (that leads to the shower basin) were both bad and the new tile going over the old tile certainly didn't stop the moisture from getting through.  

On top of that...    The shower was roughly 3x4 and the original shower was done with a wet bed and tile, then the second owner tiled right on top of all that, and then people get in there to take a shower....    Ever think about how much dead weight that is in such a small area?

Construction and remodeling is a process...  It is well worth doing it correctly once and following the process because if you don't it can come back to bite ya...

If it's a flip...  have a heart and do it so the next family doesn't go through what the family I helped out went through.

If it's a rental you won't have to fix it again in a couple years when it has issues.

If it's your own house do it for your own good...