All Forum Posts by: Jacob Thorpe

Hi to all and happy holidays. I am looking to have a long term relationship with a General Contractor to assist with rehabilitation to properties in Houston Texas. A person that has competitive prices and looking to stay active. Please contact me or send any information if possible. Thank you very much.

Hi everyone,

I’m an international investor currently exploring opportunities in the Philadelphia market, with a strong interest in cash deals and value-add single-family homes.

I’m relatively new to Philly and would really appreciate the chance to connect with someone local or experienced in the area who’s open to sharing some insights about:

• Neighborhoods with strong rental demand or appreciation potential

• Which blocks to avoid / which ones are up-and-coming

• Any tips on navigating the market as an out-of-state (or out-of-country) buyer

I’m not looking for deals right now—just trying to learn the landscape and build connections with fellow investors who know the market well.

If you're open to a quick chat or sharing some wisdom, I’d love to connect!

Thanks in advance 🙏

I’m a factory worker. I have very low floor and my ceiling is not very high either. I do not want to worry about a work contract every couple years. I want to be able to make enough from my non w-2 to be able to make it in life. I don’t want a Ferrari or even a 2000 sq foot house. I just wnat to keep lights on and roof over head a pizza on Friday night and a good running car .I want to bea able to have a gout flare up(yes they suck) and not worry about going to work through it to keep fam fed. I’m a simpleton my family and a pizza is all I want 

Quote from @Austin Fowler:

Quote from @Charles Perkins:

For me financial freedom is financially being able to do the things my wife and I want to do.  This may be in retirement or not.  Currently I'm semi-retired, I am an active LTR investor but no longer work 9-5.  I' consider us to be financially free though there are up periodic demands of my time.  Eventually we will sell off property to fully retire.  Still considering exit strategies and timing.  

 If you sold off property to create a pile of cash, what kinds of options are you considering to turn that cash into truly passive income so you can fully retire?

I've looked at several possibilities.  I've considered becoming a private lender,  annuities, other insurance products, CDs or money market accounts.  There are also a number of less traditional alternatives we are exploring.  Most likely My wife and will employ a combination of these things.  

The last thing I would feel comfortable with is the stock market.  The risk is to great for my comfort unless it was a small investment.

Quote from @Jacob Thorpe:

Congrats on your success so far, consider joining a REIG out there, 50-70k on a refi is light work in Texas, especially if youre splitting costs JV with partners and inside the DFW, Austin, Houston triangle or anywhere along I35 between SA and DFW due to the current market out there with millions of people moving out of California and plenty of jobs moving in like Amazon, texas intruments expansion, and Tesla. Plenty of houses in growing neighborhoods built in the 30's-80's you can get for under 1/200k and refi at 250/300. Big spread out there for single family BRRR but with rising home prices you can rehab and refi and stick in a renter or two but that wont last forever when rates potentially come down next year and those potential renters will become DR Horton home owners when the money becomes cheaper. Also, I know some flippers who are making 250k on a sub2 in a few months, Id consider going to Austin and jumping in on the meet up circuit. lots of room to grow out there but I would head Dons warning. Kinda makes sense to listen to the guys who've got way more money than you and survived 40+ years of market turbulence yea?

 What's the PP on $250k margin?

Thanks man. but I think you misunderstood the spread. I'm making 50-75K profit.. as in that's what I get back after paying myself back for and still having the equity in the home, for example. Last deal I just finished this week. Purchased for 90, rehab/closing/holding costs 50K all in 140, House appraised for 284K. 80% cash out refi, bank hands me 227K when it only cost me 140 out of pocket, 87K tax free profit and still have the equity. I know that those markets well and you certainly are NOT making that in those markets lol. Flippers are struggling to make that much. But they will certainly see better appreciation than a market like Corpus which is why I'm trying to buy there as well.