All Forum Posts by: Eric Dami

Hey All,

Can anyone please recommend me any contractors in the Philadelphia area?

Carpenters, Plumbers, Electricians, HVAC, Painters, Demo, Handyman, Flooring, GC?

Appreciate it!

Hey All,

Can anyone please recommend me any contractors in the Philadelphia area? 

Carpenters, Plumbers, Electricians, HVAC, Painters, Demo, Handyman, Flooring, GC?

Appreciate it!

Depending on your state, the laws are different. For example here in PA, you can wholesale. I know realtors who wholesale because they earn more and less competition vs the brightMLS. 

Feel free to shoot me a PM and I can give you a good introduction about:

Marketing, Identify targeted areas, Talking to sellers, etc. 

Hi James - Thank you very much for these actionable steps! I will do this now and over the next few weeks!

Hi James - Thank you for your response. To address the fee %, I later read the 6% recommend after posting, so I will ensure that for the future. To address the rehab budget, what is your recommend way to estimate these prior to seeing a property? 

A possible solution: I could do more research on how much and timeframe each part of the house to redo (e.g. New bathroom, New kitchen, etc?)

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hey Mike - Thank you for your response and confirmation!  

Hey Ethan - Thank you very much for you response, this is appreciated. Could you point me in the direction to learn more about the 4 unrelated people?

Hello Everyone,

My name is Eric and I am an aspiring to get more involved within bigger pockets and the real estate community. I am based in the Philadelphia metropolitan area. I am looking for some feedback and advice as I look for properties. The goal/strategy is to find properties in the Philly area that could be rented out and generate cash flow. 

Here is one of my deals: https://www.realtor.com/realestateandhomes-detail/...

Purchase Price (Offer): $229,000

Rehab Estimate: $40,000

Closing: $3,000

Annual Costs:

Taxes: $3,000

Insurance: $1,200

Maintenance: $1,000

Monthly Rent: $3,000 ($750/per room)

Vacancy: 5%, CapEx: 5%

See image for details as well. (Mgmt Fee = CapEx % since this calc does not have that)