All Forum Posts by: Jack Schwartz

Denis, thank you for your valuable input! I have a live scenario to share.

There's a distressed home available for purchase at $52,000, and I have the cash ready. This property would require demolition and replacement with a new structure, amounting to approximately $150,000.

The estimated ARV is approximately $280,000, and the potential monthly rent would be around $1,800. Yearly owner expenses usually amount to about $5,000. Considering the typical 70% refinance, the loan amount would be approximately $190,000.

I'm curious to know your thoughts on this opportunity. What do you think?

Thanks, Edgar, 

Why Wouldn't enhancing the land, possibly by staging the curbside and enhancing its visual appeal, make it more enticing to potential buyers?

Correct, I did the "B" I was about to start the 1st "R" when I quickly learned that it needed to be demolished, now, instead of Rehab it will need to be a ground-up, I can then do the 2nd "R" and the 3rd "R" I will most probably get more than on a Rehabbed house, and go on to the next "R". are we wrong? 

Experienced BRRRR investors,

Does the "R" in the BRRRR system, which stands for rehabilitation, also cover demolishing properties and constructing new structures? Or is the BRRRR strategy primarily designed for rehabilitation projects only?

Thank you for your professional input.

We are primarily directing our attention towards Upstate NY Sullivan County. Our focus lies in acquiring distressed properties and vacant land, particularly in certain areas of interest. It is worth noting that Sullivan County, Upstate NY is experiencing significant growth, with several burgeoning communities on the rise. We aim to actively contribute to these thriving developments. If you are aware of any potential investors who may be interested in joining our venture, please do not hesitate to inform us,

If you're looking to invest in those Class C-D neighborhoods, make sure you team up with the local government peeps. Trust me, it'll pay off big time. They got your back when it comes to law enforcement, investigations, and emergency response.

Plus, if you snatch up a bunch of run-down properties on the same block and renovate 'em with the same cool exterior design, it scares away the bad dudes and gets people moving out. It's a bit of a wild ride with some hurdles, but if you're up for it, it's worth a shot, the potential rewards are well worth pursuing.

Hi Andrew,
Thanks for reaching out! I'll be free later today or tomorrow morning. I'm really interested in hearing about finding affordable turnkey rentals, or fix-to-rent in Philadelphia. You're in MA, Is there any good there?
I'll get back to you soon, and I'm excited to discuss this further!
Best,

Hi Allan,

Thanks for reaching out! I'll be free later today or tomorrow morning. I'm really interested in hearing about finding affordable turnkey rentals or fix to rent in Philadelphia. I'll get back to you soon, and I'm excited to discuss this further! 

Best, 

Does anyone experience Philly, PA?  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

Great advice Andrew! Thank you

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,