All Forum Posts by: Bob Norris

Shaun, congratulations on the deal. With all 3 parties were happy, nicely done!

Great example of creating value-for you and the neighborhood. Congratulations!

I would be great to have a resource to bounce legal issues related to leases, buy-sells, financing and the myriad of questions we face as investors.  

And you would probably get some new business out of it.

Good luck.

Matt, I am in  Southern Chester County and involved in both buy and hold and flips.  My primary market is the Kennett Square and Chadds Ford areas.  Prices are high, even for houses in tough shape.  I would say we are in more of a sellers' market. It is expensive to get in and there is a fair amount of investor competition and people looking to move into the market.  The schools are very good in both areas.  Conversely the rental market is strong and if you can purchase and renovate a solid property, the returns are reasonable.  

Good luck!

Congratulations Josh and team! You had the vision and most importantly the guts to do it. Kind of like buying your first investment property. Thanks for all you do for us investors who are better at what we do, because of you! Thanks.

1-The numbers-does it make sense. What is a good deal and when to walk away. 2-What the improvement/renovation costs will be. 3-An honest assessment of the market-resale and rental. 4-A commitment to stick to it and make it work.

Michele, another investor always looking for deals in the Kennett Square area. Bob Norris

Matt, congratulations on your deal!  As a fellow renovator and investor in nearby Kennett Square, I would make sure you budget for and retain cash for ongoing capital repairs.  Old houses continue to need repairs.  Good luck!

Kurt, sounds like a strong deal-congratulations.  As long as your credit is solid, you should be able to interest a local bank with an interest in real estate.  Try Fulton and WSFS.

Greg, thanks for your very thorough and helpful response!

Bob