All Forum Posts by: Tony Bermeo

Thanks, Francis. Yes, there is a small inventory in a price range that would make sense from a cashflow perspective. I did see a property that looked great but had a damp basement that may end up being a challenge to repair and fissures in the wall citing possible structural issues. Unconfirmed, but the asking price was too high to explore further.

 Yes, i would like to manage the rehab myself, do i need any sort of licensing (in Philadelphia) to do this? i've been looking around and from what i've seen it seems to depend on the state of the property. IE: if it's just small stuff i cant manage it, but as soon as things need inspection etc it becomes a situation where the city wants a licensed individual managing the project.

Hi everyone, I am starting to explore the idea of jumping into BRRRR investing. Without too much fluff i'll cut to the chase, as someone who does not have a "team" ready to deploy for the various services needed to restore a home, how do I begin constructing said team? My thought is literally just start calling people and having early convos with GC's and building relationships prior to jumping in, but that is the only thing I can really think of. I would love to know some of the strategies folks here have deployed to build out their network and properly execute this sort of work.

Thanks William. I'll connect with you.

Thanks David, Yes the homes i look at tend to be tucked away into the backstreets a little and away from blvd - great advice!

Hi, I'm currently looking to purchase my first investment property in 19120, which is a neighborhood here in Philadelphia and i'm working through my due diligence & research. I think i've settled on starting off here based on what i've seen and I've also spent multiple years in this zip code. It seems to be very stable with a strong rental market. My question is, has anyone else invested in this neighborhood? Have you found the rental market to be strong? I don't think 19120 is poised for double digit growth in the next couple years but I think the infrastructure is there for it - if the rental market is strong, i think jumping in and getting my feet wet here would be good. Looking forward to hearing your feedback!

Have their been any changes on this front? I'm looking to invest in feltonville.