All Forum Posts by: Jack Schwartz

Hi, I am curious about the current rental market in Philadelphia. Are there any attractive rental deals still available in the city? Specifically, I am interested in options that do not involve extensive renovations or repairs. If you have any insights or recommendations, I would greatly appreciate your input. Thank you in advance!"

It is a great idea! If you can systematize budgets and SOWs for fix and flipping houses like new home builders, you'll be a trailblazer. There could be software available that might assist you in achieving this goal. Best of luck in your remarkable endeavors! Please keep us posted.

Hello Kyle, It is a great idea! If you can systematize budgets and SOWs for fixing and flipping houses like new home builders, you'll be a trailblazer. There could be software available that might assist you in achieving this goal. Best of luck in your remarkable endeavors! Please keep us posted.

 Agree. After finding the right contractors, run the numbers once again, 

Hello! I'm looking for advice and experience on fixing and flipping empty land. What rehab or enhancement can be done to increase its value quickly? Thank you for any tips or insights you can share!

Yes, In that area, I did tons of research before digging into any place, 

By weighing the pros and cons, between a Contractor, Private Inspector, or an Official Town Inspector. you can make an informed decision that takes your personal needs and expectations into account.

Consider contractors and inspectors wisely. A contractor walking through the property on Facetime is a great idea, but not all contractors have the same level of experience and honesty. Similarly, there are private inspectors who offer a detailed inspection based on the town code, while town inspectors can guide you on the legal requirements. But, hiring an official inspector may uncover additional problems that could cost more time and money. Remember to make a decision that keeps your personal needs and expectations in mind.

Hey Navdeep, how's it going in Buffalo/Niagara? Any good opportunities there? From what I've seen, the cheap neighborhoods aren't great - poor ratings and high crime. But as a Fixer-upper investor, I'm always open to suggestions. Best of luck!

Yes Dan, Correct. The best way to get from family and friends, Only when they tell you that they do not intend to use the money anytime in the near future, so you will not get quickly nervous, and have the journey calm and smooth,

When it comes to funding your real estate purchase and renovations, it really depends on the specific situation. Hard money lending can offer quick access to cash but typically comes with higher interest rates and fees. If you're embarking on a larger project with the potential for substantial profits, it may make sense to consider using hard money. However, it's important to carefully weigh the costs and benefits before making a final decision.

Hi Gabriella,

I just wanted to drop you a message and wish you the best of luck with your new flipping venture! Congratulations on taking the leap.

I did notice in your email that you haven't seen the house in person and that you got an estimate from a contractor - do you know them personally? Did they take you through the entire interior and exterior on Zoom or remotely? I just want to make sure you're taking the necessary steps to protect yourself.

I've had my fair share of experiences with contractors, and I know how important it is to be cautious. When I bought a 45-unit development overseas, I hired a local contractor who took a deposit of $280,000 for supplies and machinery. Long story short, I lost communication with him and ended up having to flip the property as is. It was a tough lesson learned, but it taught me to never buy properties too far from home and to visit the property often.

I hope that sharing my experience might help you in some way.

Remember to invest in security measures such as installing video cameras throughout the property so you can closely monitor everything and ensure your hired contractor is doing their job properly. This will help you catch any potential issues before they become bigger problems.

I wish you all the best for your new venture of flipping homes! It can be a challenging yet rewarding experience. I'm sure with your passion, dedication, and attention to detail, you will do great. If you have any further questions or concerns, please don't hesitate to reach out on this great platform, Good luck!