All Forum Posts by: Sviatoslav Gulko

Thank You. 

That is the area with really good school in walk distance and rental there in high demand. Yes, it will be a plus to have central A/C. My real estate agent told me that I don't need A/C for that rental property because of expansive maintenance if compare to window unit which tenants will be responsible for.

Hi everybody! 

Just bought first rental property. Now budgeting and planning rehab for that house. It's an old row/townhouse in B class neighborhood and it has duct for heating system so I have an option to add central A/C to existing heating system. Already had couple A/C contractors and estimated price $3500-4000. Not sure if I need to do that. Will central A/C increasing value of the property?  Any other suggestion on that?

And one more question. Can anyone recommend a good and not expensive Windows company in Philly area(need to replace 8 windows) 

Thanks!!! 

Thank You Guys!!!

Hi BP family.

Just put under contract my first property. Scheduled inspection on Monday. That property has an old roof it's looks ok from outside, but we have some leak on the wall in master bedroom. 

Can anybody recommend a good roofer company in Philadelphia PA or North East suburbs. And general contractor for further work. 

Thanks!

Thank you Karl! It's really good advise. 

Did you rent out that Kensington properties. It's a tough area how you making out with tenants there? 

Do you manage your properties by yourself?

Can I text you if any question?

Thanks again 

@Karl Schnitzer thank you for advice.

But isn't it to low to start BRRRR with 15-20K?

@Alex Dukhovny thanks I will check it out.

Thank You for advise!

Hi everyone! I'm a new member on BP and try to get into real estate but not sure what best option for me.

I live in North East Philadelphia PA. I'm renting apartment for which I pay 900/month + all utilities. I had saved 15K and my credit score 735 which is pretty good I guess) I was thinking about to find a duplex for "live hack" but prices are really crazy in that area ($280K-350K) if you even able to find it. Most of them needed solid repair.  Than I thought about brrrr but if I get a loan for rehab and a mortgage and I still need to pay for my rent, it just to much...

So my question what would you do if you be in my shoes? Should I buy something cheap and try to pay it out ASAP and than take HELOC on that properties to reinvest? Or should I wait and save more money? Maybe turn key my option?

Sorry for stupid newbie questions.

Thank You All! 

Best regards.

Sviatoslav Gulko