All Forum Posts by: Joseph ODonovan

@Moshe Jungreis I am very familiar with the Crum Lynne, Eddystone, and Ridley areas of Delco. What kind of questions do you have?

@Aldosius Chandra Nice job! Keep it going.

@Bryant Myer Covid has crushed commercial real estate, with the exception of Amazon warehouses. I don't see commercial real estate coming back regardless of who is in the Whitehouse. Companies have figured out that remote employees are more productive and they no longer need costly office space. Brick and mortar retail will never be the same. Online shopping will dominate for decades. I'm sure there are a few more exceptions but residential real estate is where it's at.

@Lisa Leary 1. You can't buy the property unless the owner sells it you. Unless, its up for tax or mortgage foreclosure. Check the Sheriff Sale listings.

2. Does the son have POA? If not, no deal. If yes, then the mortgage gets paid off by the seller at settlement.

@Aldosius Chandra Congrats! What were your total rehab costs? Did you profit? What area of SW Philly?

@Isacc Lightbourn Cap Rate = Most overrated metric in real estate

@Kristine Pedersen The rehab looks great. You obviously know what mistakes you made but consider it a valuable lesson. Philly is a block by block city. It is extremely important to not only know the neighborhood you invest in but know the street even better. Best of luck going forward.

@David Haynes Good insight, thanks for sharing.

@Sarah B. Congrats! Are you doing long term leases or STR's?

@Manny Duarte I'm not certain if my contractor does work in this area. I can DM you his contact info if you are still interested.