All Forum Posts by: Mark Redmann

Are you taking deals from another wholesaler, who did their own due diligence, took photos, and got all the info on the property and then sending that to your buyers for a profit? And you're mad that this other wholesaler is not willing to just give up all this work THEY did to secure a lead? Maybe the other wholesalers buyers require less info because maybe they trust that wholesaler and your buyers want more info? Perhaps that first smooth property you had went that way because the other wholesaler couldn't find a buyer and you popped up in the right place at the right time with a buyer. Please correct me if I am wrong, but that's how it sounds to me.

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Philadelphia, Pennsylvania

Welcome! I just closed on a house in brewerytown today!

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I think that's pretty high. The labor for a 200 amp compared to a 100 amp is the same. the only thing different is the ratings of the materials, they are heavier for the higher amperage.

I would get more quotes. I'll bet you can get it done for less.

OK I just reread the post, does that price include running the washer and/or dryer electric? does it include running the cable TV lines? If so, then I would say $1900 is pretty much spot on.

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I use those websites, my title company, and some Realtors. A combination of them all. So far I'm nailing my ARV plus or minus $5000. And just knowing the area helps too. It gets a little tougher when I'm in a new section of the city, but the process remains the same. In some areas, the comps overlap into a different section. A house with an ARV of 300k could be only a street away from something with an arv of 120k

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Originally posted by @Matthew Fleming:

Originally posted by @Edward B.:

It is OK, but not great. Your information will likely be somewhat dated and less detailed to what the MLS will have. It is a good way to get an idea of value but you probably want something more solid (CMA/BPO/appraisal) before you do a deal. Of course, this assumes that you have the knowledge and expertise to evaluate the comps. If not, use a realtor.

I wouldn't say I have expertise in evaluating comps, but I generally go by area (Usually inside of a zipcode), sq ft, beds, and baths. I use the AVI Calculator & the Philadelphia department of revenue websites to verify if the homes were recently sold and the accuracy of the sq footage.

Philadelphia is VERY block by block. I live in 19146 (graduate hospital) and the comps for 19146 (point breeze) are quite different. even inside of "point breeze" the comps can differ drastically.

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Originally posted by @Paulette Midgette:

@Sean Thompson I am not sure if you are interested in investing in homes that are currently Section 8 approved or you are planning to purchase homes and then put them into the Section 8 system. In either case you are required to take a Section 8 landlord course as your first step if you property is not Section 8 approved. Once you have completed this course you can then start the process to getting your residence inspected, qualified, and place into the PHA database. When it comes to purchasing a home with Section 8 tenants in place, I have no experience here so I can't say how the process works. However, I would think that once you have completed the landlord course, your information would be transferred to PHA's database, without the need for another home inspection. Hopefully, another BP'er with direct experience in purchasing Section 8 will provide you with specifics.

Do you know what the qualifications are for section 8? What will the home inspection look for? Is there a checklist that you know of that I can see online somewhere? I tried looking at the website for Philly, but couldn't find what I want to know. Thanks!

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Hello BP,

I am looking for referrals for a good GC in Philadelphia and the surrounding Montgomery, Delaware, Chester counties. I would like someone trustworthy, I don't want to be at the job all the time. I can be in the mornings, but I would rather not. I would like someone experienced with full gut remodels, probably in the 40K-80K rehab price range, depending. Thank you!!

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I got a copy of the JV agreement, but i dont know how to attach it to this post. I emailed you the info Patrick Heller sent to me.

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@Joseph Cochran

welcome to BP!

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skip trace. I have not done one and I don't know the specifics. I just now that this is how you find the owner of a vacant house.

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All Forum Posts by: Mark Redmann

Mark Redmann has started 17 posts and replied 169 times.

Post: Working with someone else!

Post: Philadelphia, PA Intermediate Wholesale Investor

Post: Electric Service Upgrade

Post: Using Trulia, Zillow, Redfin, Realtor, etc for comps

Post: Using Trulia, Zillow, Redfin, Realtor, etc for comps

Post: Section 8 in Philadelphia

Post: Philadelphia General Contractor

Post: Joint Venture - Is this a Scam?

Post: New Member from Bucks County / Philadelphia Suburbs

Post: Finding the owner of a vacant house