All Forum Posts by: David Weintraub

@Troy Sheets May want to start a new thread for each event this way people who are attending aren't grandfathered from the last event. Also, past-events won't show up in the "upcoming" section on the BP Networking Page.

Thanks for hosting. Should be there.

1 Vote

Originally posted by @Etan Ofrane:

Thanks for the input so far. Just to explain the situation and numbers further, one bank appraised it for 825, but I'm a realtor and if I flipped it tomorrow with 0 work I could get 900 for it. Single family homes are a hot commodity in Jersey City and because they are not really building more are appreciating very quickly. ARV would be about 1.2M, so not as good as 1.25M, but one of the reasons I bought is because it's right next door to me and connects to my home and I have some longer term plans for the properties (e.g. building up). Hope that provides a little more context.

Yes, I can help. Those aren't the rates at all.

Touch base.

0 Votes

You should attend the Brewerytown Meetup

@Troy S.

0 Votes

Philadelphia, Pennsylvania

Originally posted by @Philip Williams:

@Jay Hinrichs Please don't even mention hundred year old houses lol it gives me nightmares.....we were doing two a couple months ago that were both over 100 years old. I swear no one built anything straight back then......

The homes were straight. The world moved.

1 Vote

No price can replace ‘living’, and being in Brooklyn is a lot different living than being in Cary, NC. Visiting will never be ‘living.’ So your daughters can experience their life and then choose something different later.

4 Votes

If Germantown taxes scare you off then you’re going to have a hard time acquiring. Maybe reach out to someone holding tax properties and see if you can get some on the relative cheap? Many believe Philly is still ‘emerging’ and certain areas definitely are.

4 Votes

Philadelphia, Pennsylvania

The auction in Queens is not all cash on the day of. It’s 30 days. You should speak with lenders about this because it’s unique. When you’re at the auction announce ‘I LIVE THERE NOW AND YOULL HAVE TO KILL ME TO GET ME OUT!!!’

1 Vote

I live in Brewerytown- not as gritty as you think Come to a meeting that Argo puts together and you’ll meet some folks quickly. Odie Ayaga

2 Votes

Fairbanks May be tough but lenders do lend there. As for Jersey, it’s about the property value and whether you can bring 25-30% to the table as a first time borrower

0 Votes

All Forum Posts by: David Weintraub

David Weintraub has started 61 posts and replied 986 times.

Post: Philadelphia Brewerytown Meetup 1st Wednesday of every month

Post: Philadelphia Brewerytown Meetup 1st Wednesday of every month

Post: Can't get equity out of my investment property.

Post: Are there any emerging markets left?

Post: Flippers Feeling the Squeezer?

Post: Millennials are taking over!

Post: Are there any emerging markets left?

Post: Approach to Lender for Pre-Foreclosure Property, w/o Owner

Post: Emerging neighborhoods in South Philly

Post: Hard Money Lenders and Private Money Lenders