All Forum Posts by: Garrett M.

Great question Michael Moikeha ! I was just struggling with the same issue. Thanks for posting.

Nice work Max Tanenbaum ! Keep us posted!

Thanks Lindsay Stewart !

Thanks Federico Gutierrez ! I still live and invest in Philadelphia ;) I do have family in Sydney though and am just exploring options. The only way I can imagine it paying off is to find a less competitive niche like a commercial conversion or multi unit.

G'day! I'm a visiting investor from Philadelphia looking into the Sydney market. I think I'm searching for a unicorn though. Properties here are so very expensive compared to my market! Do you have any advice for where to look for deals? I'm thinking of 2-4 units if possible. Is it possible to find a cashflowing property or are the returns not sufficient for the cost? Any tips are appreciated.

Thanks!

Welcome to BP! Philly is a great spot to be investing. Definitely pursue the house hack if you have the option!

Thanks for the private responses you sent. I am still looking however. So I'm replying to get this back in front of fresh eyes. Thanks!

Hello my fellow BP'ers! After 2 SFH gut rehabs using a GC, I am considering doing number three on my own and subbing out the different parts of the project. As home prices climb, I'm finding it's harder to make the numbers work doing BRRRR deals. Has the landscape shifted? I am still trying to not leave any cash in the deal after I refinance out. Are other investors ok leaving money in BRRRR deals? Lately in my market, it seems like the going rate for a gut renovation is $75 a sq. ft. I think I could maybe do better by parting out the job. Am I totally wrong on this? I know the whole idea is to work ON your business, not IN your business... but investors who are also general contractors save a ton on the rehabs. I have been in and around carpentry and remodeling for 20 years. I am not a general contractor but I know enough to organize the schedule and sequencing to properly in roughly what they should cost. I won't get their prices from trades I may hire but maybe I'll split the difference. I'm in Philadelphia so I'm particularly interested in what permits I will need in order to do this right. I think I would have the electrician, plumber and HVAC crews pull their own permits. Will I need a general construction permit as well? I appreciate your insights! Thanks

Hello my fellow BPers! I am starting on a row home rehab project in the East Mt. Airy section of Philly and I would love to meet some new contractors. I have done a few projects in the same neighborhood and right now the guy I'm using on another project has his hands full. So I'm looking to branch out. A few details: This will be a complete renovation including new electrical, HVAC, windows, kitchen and bath Sheetrock and flooring. The house is a bit over 1000 sq. ft. It should be a quick project. Looking to start shortly. If you are (or if you know of) someone professional who needs a six week project and are capable of running this, please reach out. I respect that investors may not want to give out your best contractor's info to anyone and everyone. But if you don't mind sending me a message I promise to not take advantage of your generosity. Thanks!

I use and recommend Joseph Spina in Fairmount. He is an active investor and knows the business.