@Jon Sanborn Yep, 2 story gut rehab in Point Breeze right off of 24th and Dickinson. What/where are you currently working on/in?
@Josh Davis Thanks man. Hope we can do some business together in the near future. What's your focus here in Philly and do you operate elsewhere?
@James Wise Thanks James. I appreciate it. I'm actually considering hanging my license at a nearby brokerage and saw that you run your own. What are some things that you would suggest I look out for as an agent joining/partnering on a team? The yearly overhead at this new firm is lower than many here: $25k for 1st agent, $12k for 2nd, $6k for each additional. What are your thoughts?
@Joe White Thanks Joe. Let's stay in touch and see if we can broker some deals together. I may join the KW in Center City. What areas do you service now?
@Ben Leybovich My goal of 100 units at $250 net monthly income per month is just something that I aspire to own one day primarily because it would equip me with enough capital to purchase/develop larger multi-units. Once I'm there, the sky is the limit. As for allocation, I have no set formula. I think owning new construction and completely gutted and rehabbed rentals (both SF & multi-units) may ensure lesser maintenance costs/expenses and provide a higher appraisal and rental rate in many cases. However, I understand that it also means a higher mortgage. Right now in many neighborhoods here, it is quite the seller's market, and so, I may have to commit to buying older parcels at market rate that may be a little outdated and require some cosmetic work instead of going into each property in "full-gut mode". Mid-way through my 1st rehab/flip in about April, I'd like to secure my 1st rental. Anything that I should keep in mind while doing so?
