All Forum Posts by: Sebastian Bennett

Here's a calendar with events where you can network with contractors. I'm working on geting my OSHA 30 completed so I can get my own contractor license and pull permits. Still have a way to go before I possess the necessary knowledge but it seems like self perfoming is the way to go in Philadelphia.

https://business.biaofphiladelphia.com/events/calendar/

@Greg Kasmer Take advantage of these forums. There are some sharp people who post on here and who approach the business and think through scenarios differently (in a positive way).  I don't want to mention specific people to avoid the perception I am somehow promoting them but they stand out amongst the crowd. I suspect they can provide the services you are seeking.

Vidit, with all due respect with a net worth between $2M -$3M pick up the phone and hire a damn attorney. What in the world are you doing seeking legal advice on a forum like this?

Ok, not sure why you are comparing Spring Garden to a hard money lender when they are one....

@Justin Epperson  Spring Garden is a hard money lender...they aren't a bank. If you are saying they are too close to a hard money lender in terms of pricing I beleive what you are saying is they are the cheapest hard money debt you have been able to find :)  Ironically Spring Garden Lending came into existence when Univest acquired VG Bank many years ago. Lending went dowhill and everyone left. No idea why Univest and Spring Garden Lending would even be compared against each other. 

@Thomas Brown I was thinking the same way until I started going to a few meet ups adn speaking with contractors. I learned its not as easy as pricing based on the square footage. Each home has to be viewed independently as each has unique characteristics. Stuart is also right, the smaller home are actually costlier to renovate if looked at based on the price per square footage.

Unless this is an opportunity where you are going to come out with a robust knowledge base and the investor will be a complete open bookd i don't see why you would do this. There really are no financial benefits to such an arragement and will be a compelte time suck. Better off continuing to raise capital for when you are financially in a place to buy. Also from the investors perspective why do they need you? Why can't they merely buy the property on their own.

@Michael Primavera  What is your reasoning behind wanting to go the Section 8 route? Perhaps those who are section 8 landlords can then chime in with whether the approach makes sense.

Hey Bigger Pockets community, will someone step forward and tell Patrick his idea of project managing a renovation from a 2 hour away distance when the owner is a plane flight away is a good system? He really wants some words of encouragment and for someone to agree his (flawed) business plan is a great idea. Please....any takers?

@Patrick Lee You are the reason why Attorneys eat well! How can you not see the writing on the wall! If someone disagrees and wanted to offer you a different answer/one you like why hasn't a single person come forward....crickets.