All Forum Posts by: Uendy Garcia

Hi Everyone, 

I am new in real estate, purchasing my very first investment property. My partner and I are under contract to buy a SFH in Fishtown, Pennsylvania. The house is build in 1875. The inspection showed more issues than what we anticipated. I am guessing this is common for the age of the house.

We are negotiating to get it under 200K, and invest 65-70K. Based on our calculations for repair, carrying cost, closing cost, the all in cost will be 283K. Once we sale, based on other comp in the area, our net profit will be around 30K. My question to you guys is...would you go through a flip for 30K or less before taxes. 

Thank You for suggestions!!

Uendy Garcia

Once again, thank you for the tips on how to navigate the complicate world of real estate. I have been doing my research, listening to podcast and audio books. I would love to hear your suggestions, send me a direct message 

Thank you Shawn for your advices. I took the first step on my real estate journey, which was to join the BiggerPockets. I also joined meetup groups in my area, and will complete a boothcamp on small multifamily investment. I have realized that knowledge in this field is key. Once again, thank you for taking the time to reply

Uendy

Hi Catherine, I am looking in the Philadelphia area. Any suggestions ? 

Hi All!, I am a new real estate investor interested in the BRRRR strategy. I have been in the healthcare industry for more than 20 years, now looking for the opportunities that real estate offer.