All Forum Posts by: Tom Linnik

@Mark Pedroza Thank you! i will look up the death certs to find the contact. And I have left several notes and such with no luck. 

@Ian Walsh Good to know, i will keep trying. 

@Christy Winchester

Great thank you. I will do that

@Christy Winchester

The home is still in the name of the deceased.

Hello, I was wondering if anyone has any experience purchasing probate homes in Philadelphia PA. I know 3 addresses where the people are deceased and after speaking with neighbors know they have no kin. The houses have been sitting for almost a year or more. How could I go about purchasing them? Any information would be helpful. Maybe an attorney that specializes in this in Philadelphia. Thank you in advance.

Hey guys, i dont post much but just decided to ask. Im only 22 but was doing flipping for past 4 years for investors and now am a project manager at a local commercial contracting company. I flipped several properties with a partner, full gut rehabs in south philly, not lip stick flips. Anyways, i have 2 that are finishing up soon. 

Im not saying deals arent out there, we are at the point where we have good relationships with realtors and  wholesalers that know we can close. But isnt it just so crowded now? Everyone seems to want the low hanging fruit, the "i am super interested in getting into multifamily investing and house flipping" people seem to be just crawling all over the place. Am i wrong for thinking to sit back and just keep saving money from a few flips a year and working at my job? I cant stand listening to every other person i talk to say they are thinking about or getting into house flipping and multi family investing when they've never even been through the process. Im not saying i know alot, i know nothing. But ive busted my butt as a contractor and built relationships with investors for a few years before they started lending me the money to flip. They knew i could pull off a flip start to finish. And i have. But is anyone thinking of slowing down or putting this on pause and doing something else or its just me? I know that if your doing what everyone is doing or chasing the trend it wont turn out well. 

Let me know your thoughts. Im just trying to see if im the only one thinking like this...

We are also interested in developing our first new construction home. I have good GCs and people who have gone through the process before. Message me if you have any info or questions you want to share.

Hey i have 2 flips currently going in Philly. Feel free to stop by and we can talk. Im interested in your cabinet business as well.

Anybody in the Philadelphia area considered building a container home? any chance it would get approve by zoning and all. If i bought a lot and laid foundation, then stacked 4 8x40ft containers, (2 on top of 2). and made a unique home in the South Phila area. Just a thought. let me know ideas and comments.

I would not recommend starting a new construction as your first ever investment. Start with an easier rehab, so how it goes and if you like it. New construction is a whole different game with so many little things that can go wrong and youll go broke. Specially if youve never worked side by side with a developer before. Alot of people are seeing the development going on and fishtown and point breeze and want to get in on the action. Doesnt mean youll make money. Sorry just being realistic. Its cool to be a developer but if you have no clue what to do or where to start its better not to at all till you know every step of the process. Everyone just sees all the construction going on and assumes people are making crazy profit with no problems. Its alot of problems. Also noone will lend money to a first time developer with no experience in the game.

Thank you everyone for your responses, this will help alot when i look at the papers.