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All Forum Posts by: Jared Forman

Jared Forman has started 15 posts and replied 128 times.

Post: Unusual Request from a Co Worker

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

Hmmm, this is a really interesting post. Is the lot in the city of Phila, also what is the zoning overlay and the use permitted on the lot. 

Post: Section 8 / PHA Troubleshooting

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

Get yourself a copy of the section 8 Bible. It was written by a philadelphite and explains the system. I have a copy and it's great

Post: 1st Deal in Philly done w/ a 598 credit score cashflowing over 1k

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

As a philadelphite this makes me happy to see you have succeeded in the first one. Now you have the bug let's see what you can do

Post: Why Do You Invest in Philadelphia? (Testimonial Request!)

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107
Originally posted by @Eli B.:

@Jared Forman can you elaborate on # 4?

 No two entities in the city communicate well. This also is my bias opinion from experience, but the workers would rather chit chat and goof around than service the people of Philadelphia. 

That this remark as you wish and use it to your advantage not your disadvantage. 

Post: Investing in Kensington 19134

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

Pennington has the most cash transactions in the city by a long shot, Fact. 

People including myself like it for the cheap entry, cash flow, and projected appreciation. 

*** Parts of Kensington are Zombie Land, literally 3rd world country with the drug problems***

But hey, if you stay away from those parts it is just a C neigborhood.

Post: (Hopefully) my last question about running comps

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

Victor Send me a private message with your email and I will send you a pdf of my comp guide. It explains how we run comps

Post: Philadelphia License and Inspection

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

In my limited experience dealing with contractors and the city. You need to take everything with a grain of salt. Unless you have personally verified, as fact not work of mouth, that L&I will not issue permits on those context than I would snoop myself. 

People are lazy and don't like to work. I know that sounds very ignorant, but it is human nature. So get your butt down to JFK Plaza and find out as the property owner. 

Post: What Can Be Build on a Vacant Lot?

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

@Marc Possoff here is the zoning code published by the city 

https://www.amlegal.com/codes/client/philadelphia_pa/

For a garage/ parking pad you will need a curb cut which will require a variance unless its on a backstreet which does not allow parking. 

It might be easier for you to consult with a zoning attorney, the consultation is free. My personal zoning attorney is Rachel Pritzker. I do not get anything if you use her accept knowing you have the best attorney for zoning. 

Post: Digging Out Basement

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

If you are serous about this basement dig out give my friend johnathan anyumba a call, he does dig outs the right way and will underpin if needed. private message me for his number.

Personally I stay away with a 10 foot pole, but that is my risk profile and business model. 

Post: Why Do You Invest in Philadelphia? (Testimonial Request!)

Jared FormanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 139
  • Votes 107

1. the low taxes

2. rent for price

3. proximity to NYC and DC

4. Inefficiency in the local government