Josh Richter
Tenant Screening Software?
19 November 2019 | 3 replies
Good old fashioned detective work always does the trick.
Danielle McClelland
Anyone started investing in RE at age 35 or later?
25 November 2021 | 273 replies
I am a general contractor for the last 30 years and am shopping and educating myself on financing.
Amir Sher
Researching Philadelphia neighbourhoods for flips
3 February 2021 | 6 replies
If you are curious about the different pockets and which one may suit your needs, I always love talking shop.
Bret Baginsky
New member: Looking for loal meet-up
16 March 2019 | 2 replies
26 year old veteran looking for a local meetup to talk shop.
Vincent Chen
Point Breeze, Grays Ferry, bubble or not?
2 February 2020 | 11 replies
I got feeling that it is mixed neighborhoods which contains new quality construction and old 1920s townhouse, For life perspective, there are corner coffee shop and convenience shops,other than it is easy access to center city, not sure what is really good about point breeze?
Burt L.
Purchase a First Flip Property in Late Summer, or Wait For the Winter?
9 August 2011 | 8 replies
you pay less when you purchase the house during the winter months. kids are in school, holidays, shopping, etc.but that also applies when you want to flip. i love buying houses in the winter months cause i am the only one looking at them. lol
Ryan McDaniel
Comparing real estate opportunities (cash flow vs appreciation)
22 August 2011 | 7 replies
In other words is the seller or management company "cooking the books".Example.1.Taking money from another account and making the tenants look like they are paying on time and in full to show 100% occupancy.2.Giving rent credits like first 1/2 month off apartment rent,or full month rent off,or no security deposit,pet deposit,etc. to inflate occupancy.3.Retail leased properties where market rent was 18sq ft but the landlord is selling because lease is coming up for renewal and if tenant doesn't get 12sq ft they will upgrade to the new grocery anchored shopping center that used to be 22 sq ft and is now 18. 4.Watch out for pre-foreclosure volume and foreclosure volume for your area.What I mean is when a buyer purchases a distressed property for below market value they can then rent at a lower basis and still make the same or better profit than you.I have seen this first hand.I have seen rents for apartments 2 bed be 650 a month.Then a few foreclosures happen that buyers purchase cheap for cash.They come on the market and rent for 550 a month.The buyers rent low to get the best tenants to choose from and build occupancy quick.Then over time they will up the rents.What this does is put tremendous pressure on landlords already hurting that have high debt service loans.Then those get foreclosed on and a domino effect happens until the market settles.So my main point is don't count on current rent or future rent.I look at where the market is going and correcting to and buy really low so you have room in case the worst happens.This will exclude many properties.If you make great income form other than real estate and just want a tax shelter with pay down etc. then you might look at it differently.
Kevin M
Bamboo floors
30 November 2009 | 3 replies
IMHO, if you really want hardwood, you can't go wrong with a good old fashioned site finished oak floor.
Mike V.
Recommended design magazines/publications
12 January 2010 | 1 reply
Then there is the rack at the grocery stores, during shopping trips I hang there until I'm needed.
Antje Klatte
Need help on 1st deal - quick resale in Los Angeles
27 April 2010 | 5 replies
(ca. 6,200 sq.ft. lot) * Spanish style house build in the 1920's * private pool * in good condition, though basic, old-fashioned style => very good potential for turning it into a gem through refurbishment * MLS listed FINANCIALS * offered at USD 1.075m, though likely to sell for USD 1m (maybe even lower as seller is highly motivated and doesn't want to do any refurbishment work) * comps in the area (0.5mi radius): = similar house (also 1920's, no pool) sold for USD 1.349m (LP USD 1.39m) end Feb'10 = 2 similar houses but build after 2005 sold for USD 1.9m (LP USD 2m) early and mid March '10 I want to make an offer on the house for max USD 1m and put it back on the market for USD 1.1 - 1.2m for a quick turnaround.