All Forum Posts by: Sergio Altomare

Be sure to look up consulting firms that specialize in demographic analysis for self storage. They can do this site specific or based on an area. I am in the process of doing this myself. 

@David W.

Good luck!

Thank thank you. Yes, this was my first indication back in 2014. Four investors were part of it to purchase the property. I actually was adding deals while sitting in a parking lot, but did not realize they show up as a forum post, so apologies for incomplete information. My daughter woke up to not allow me to finish. :-)

 More details to follow.

No question, just sharing a recent investment. @davidwright

@Mike Huerta I am an investor and also an agent in the Philadelphia area. I recently represented a couple of clients in your situation. Their interest was in house hacking a fixer upper, but required financing to get a deal. We looked at many properties, with them losing out on a bunch because they wanted to sleep on it, and a few other because they wanted to treat the property as a normal purchase, even though they are competing with Investors. Many of which are cash and quick close. Ultimately, we got them a deal by waiving all contingencies and submitting an offer with a price escalation addendum. We beat out 13 other offers.

If it's an investment property or fixer upper and you know the values in such a hot area, then you need to skip the looking at part and just have this agent write strong offers to get you under contract as quick as possible. There are a million ways out of a deal, and even if you lost a couple of bucks for whatever reason you would still end up where you need to. Your agent should have the means to write fast and strong offers, so consider that approach.

Good luck!

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Philadelphia.

Purchase price: $340,000
Cash invested: $30,000
Sale price: $510,000

The property was acquired through a syndication my company formed. We managed the property through the hold period and sold at peak IRR, which was 27%.

19xx and 20xx S 6th St

Two Shovel-Ready lots for sale
Zoned RSA5
Asking price is $115k each or both for $225k (Cash)
• Plans and permits are in place and ready to be transferred. Construction can begin immediately.
• Lot sizes are 16x84 for 19xx and 16x66 for 20xx. 20xx is a corner lot. New construction on every block.
• ARV est $450-525k
• Plans call for 3 story 3000-3300 SQFT SFR
• 3bd 2ba with top floor master suite and Roof Deck
I am not a wholesaler and shopping this for a friend who is a developer with one too many projects in his pipeline. Please contact me if you are interested or know anyone that is. Complete plans and permits available upon request.

Congrats to our new real estate investors! Jen & @Brian Chin are just getting started on the path to financial freedom with a long term investment that will also provide immediate additional income! Although they live in NYC and are more familiar with NY, they knew to hire an expert real estate investors and agent to “bridge the gap”! Jen secured a strong deal with positive cash flow in the Philadelphia market right away! Thank you Bob Saritsoglou and the rest of the Loandepot operations team who made financing the deal as smooth as possible! Great work by Anna @ Liberty Bell Agency, inc

Hearthfire Holdings LLC

KW Above and Beyond Realty Advisors

1415 Jackson St

This is a rare opportunity to own a gorgeous and high performing zoned duplex in Newbold, complete with 6 years left on the tax abatement. All original tenants. This building was completely gutted and rebuilt 4 years ago with all the latest modern finishes. Tenants pay electric, owner pays water. No Gas! 

Unit 1 ($1440)features 2BR, 1BA, HW/Lam Floors, Central HVAC, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, Yard and sole access to a partially finished tile basement with High Ceilings and Laundry. 

Unit 2 ($1650) is Bi-Level 3BR, 2BA, HW/Lam Floors, Central HVAC, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, ROOF DECK, and sole outside access to basement for storage. Just off of Broad St, the property is in the heart of South Philly. 

As an owner occupied, you can enjoy the Mummers Parade on New Years and get to Center City, the Sports complex and Navy Yard in minutes. Walk to any of the hospitals in the area, or hop the Broad St line subway for a 5 min ride to Center City. A few blocks from Passyunk Square, new cafe across the street and walking distance to shopping, dining and cafes. Unit 1 tenant has a cat and dog. No pets in Unit 2.

Management available.