Our strategy is to find properties in the Germantown, Logan and Olney areas of Philadelphia that need renovation, with the goal of holding and renting them out long-term.We’re currently looking to connect with experienced contractors who can help us accurately price out repairs and renovation costs for potential properties.

I've found its pretty hard for folks to get comfortable with a purchase out of state if they haven't seen the general areas that they think they'd like to buy in.While I love where your heads at - best thing you can do right now is likely focusing on saving cash, REI education, paying off loans, and enjoying your last year of school!

Hi Shayan,If it were me I would make an offer contingent on contractor walkthrough right at the asking price.

The one item I am not clear on is the 50% contingency on top of the contractor bids.

She'll quickly learn which properties perform best, how to handle tenants and contractors, and much more.  

I would get some contractors out there to start to bid the job..

First, you always wind up being in for more than you budget, always, and two if you are cutting the capital requirement needed close then you can go under and default.Truth be told, to get through a deal and afford: Down Payment, Closing Costs, Holding Costs, Deposit for contractor, taxes, insurance. 

We are enjoying the park and the income continues to increase, as we improve the park.

1st check your state law regarding wholesaling.2nd- As a real estate broker you are an independent contractor. 

Yadira Eaton is bi lingual Spanish/English and takes calls for her dad (speaks broken English)901-444-9109...The network of Spanish contractors is very friendly.