All Forum Posts by: Simond Wong

this is really good resources, thank you

@Salvatore Lentini lack of confidence in my deal analysis and feeling confident i found the right neighborhood and that the neighborhood will be desirable to my target tenant. First time investor here in Philadelphia.

@Troy Sheets thanks for the feedback. Then I will go with your general $100 per square feet to budget for a full gut rehab as a good rule of thumb. For the $100 per square foot, does that include materials and the cost of labor? 

thanks for the info, appreciate the insights.

Stumbled onto this thread, really great info here, thanks everyone. 

@Troy Sheets, you mentioned shopping for subs, which is something I am researching for Philly, could you help give an idea what the cost is to hire subs? I imagine labor quotes will be based on an hourly cost 

1. Electrician hourly cost Philly area?

2. Plumber hourly cost in Philly area? 

3. HVAC hourly cost in Philly area? 

4. Mason hourly cost in Philly area?

Would appreciate it, thanks!

Thanks everyone for your feedback and responses. This is helpful stuff for me to consider and think about.

Regards,

Simond

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@DeAngelo Melone thanks so much I will check it out!!

@Jacob Sampson thank you so much for your feedback, really appreciate your insights.

@Lien Vuong thank you so much for providing this feedback, really appreciate it!

Hi BP Fam! I am just starting on this journey in real estate and I am loving it so far. I am based in Philadelphia. I am interested in hearing about your experiences with Section 8 Tenants, specifically:

1. Why did you choose to work with Section 8 Tenants?

2. What are the pros of working with section 8?

3. What are the cons of working with Section 8?

4. How do you vet and interview your Section 8 tenants? What are specific questions you ask and specific attributes you seek in finding the right fit between tenant and landlord?

5. Since we are 2020, what are some things you've wished you'd known prior to getting into Section 8, so that it would have made your experience more positive (hindsight 2020)

Please would appreciate your feedback, and hope to hear from you, thanks!