All Forum Posts by: John Oh

Welcome to BP Kristy! 

Congrats to the start of your journey! 

Hey Maricruz,

A good way to find contractors is to look on L&I Records for properties that are under construction in your area, if you are in Philadelphia.

So for instance, let's say you see XXX League St under construction, you go to phila (.) gov, search up the address, and scroll down to the "View the L&I Records" tab. 

You will be able to see who pulled the permits. I would recommend looking at the "Alteration Permit" section to see the GC, as the other permits were probably pulled by his subs 

@Emily Dimond! 

Good luck! Awesome of you to join! 

I'm in PA so I might not be able to help all too much but a book I would suggest is Millionaire Real Estate Investor by Gary Keller, which I'm sure you've heard of if you've listened to the podcast. It is a great book. 

I hope you will have great success!

-Jonathan

@Brian Gibbons

This is amazing. I'm looking forward to it as well.

-Jonathan

Wow @Nathan Gesner!

That's a great, great post filled with value right there. Thank you. 

-Jonathan

Great advice from @Jared Cauffield! A technique along the lines of that which I've seen in my state (check with your state's zoning laws) is what is called a condo conversion--where they take an SFR and turn it into a 2-unit rental by separating the two.

Yes but generally rentals have the following expenses:

Vacancies, Insurance, Maintenance, Taxes, Utilities, CapEx, Management and obviously the mortgage.

Good luck @Michael Orr!

-Jonathan

Great answer @Randy Hamilton! I've definitely heard about the due on sale clause as well. 

Thank you Scott Pyrcz for the great question!

-Jonathan

Good luck @Alex Friesen! 

It's cool that you're from Canada! Awesome stuff, I wish you the greatest success!

-Johnathan

Good luck Linda! 

-Jonathan

@Andrew Bosworth! Enlightening answer, thank you!