All Forum Posts by: Tim G.

@Account Closed The Google virtual tour is amazing!  I will keep that in mind for the future!

As for the numbers....yea, the labor part doesn't help.  But you'll eventually break even and then its all profit! :-)

BTW - I closed on my flip yesterday.  Working on the success story post now!

HA! Awesome!

My wife will not be attending with me.

it's on the corner of Tri-County Mall.  Corner of 747 and Kemper. 

welcome @Cody Brownfield !  I live in West Chester as well.  

I'm a semi-n00b.  Bought a house to rehab at the end of February. We were supposed to close on the resale this past Monday but had some issues that pushed closing back to next week.  Hoping to start looking for the next one ASAP!

I'd be interested in coming to the get-together on Friday also. 

You can go to Lowes or HD and get their entry level granite for $50/ft^2 installed.  I personally don't think $60/ft^2 is a good deal and would continue looking around.

I think this is Santa Cecilia.  $30/ft^2 installed....although he said its normally $45/ft^2.  Undermount sink was $150 installed I think.

couple options....

- Buy house with cash and get a HELOC on the house to rehab it.

- get a construction loan for the property. Say $50k purchase price and $30k rehab cost.  Total of $80k loan at 20% down payment is $16k.  (I did this on my first flip property).

Smaller banks will do the above options.....the big banks most likely won't play ball.

As said by others, get updated comps on the area to make sure ARV is good and you meet the 70% rule.

I would like to attend as well.

I called a couple structural engineers to come take a look at a cistern/garage structural issue. They were all in the $400 range.   That covered their visit, a report and repair recommendations.