All Forum Posts by: Ray Pryer

Okay cool thanks! Makes much more sense now. Definitely appreciate your responses!

Also you did a hard money value add for the duplexes or did you do turnkey?

Thanks! That helps a lot! I didn’t know you could take the proceeds and use it on several properties that’s what confused me

Im looking to get into 1031 exchange. I see you said you purchased 4 duplexes with the sale of your townhouse. Would you mine putting some numbers in here so I could better understand the deals? 

Thanks!

Hi everyone, so I have 1 property already and my next one I wanted to do a JV fix and flip with a couple of friends to get everyone's capital up.

4 of us wanted to go in on the property but only 2 of us have good credit. Should the LLC only have the members with the good credit on it or is there a way I can add everyone on it?

Thanks in advance😎

Hi everyone. So I'm in the Philadelphia area can anyone recommend someone who does Cash out refinances with little to no seasoning requirements. Looking for around 80% LTV but I'll settle for 75%

Thanks in advance 😎

Good morning all, here’s my situation!

I will be closing on a triplex within the next week however on the county accessors website it’s zoned as a duplex.

I did some research about rezoning but I was looking for a little more knowledge on it, does anybody have any suggestions?

P.S you can reach all units using a stair case.

Thanks for any and all help 🔨🛠🏚

Good afternoon everyone I’m about to purchase this 8 unit apartment building and I wanted to run the numbers by someone with some experience or advice before doing so, so here it is:

I was initially looking to value add but I think stabilizing may be the better option here

Purchase price: 70,000

Est rehab: 50,000

ARV: 200k+

Cap rate: 6.17

Current rent: 350

Rent after reno: 525

Neighborhood: C

Current NOI: $4,320

After repair NOI (approx.): $21,100

Currrent vacancy rate: 62.5%

Estimated repair vacancy rate: 90%

Will be buying with hard money and refinancing.

I hope this is enough information, please let me know if you need any more information from me ! All responses will be greatly appreciated! Thanks BP family!

@Ben Halabi hey Ben I’m DMing you now!

@Lamont Marable okay thanks away!