BiggerPockets

Flip Planning

Sunday, November 13

 Hey everyone

My apologies, it's been awhile since I posted.  I felt the need to get back in front of the keyboard to talk about a trend I see every year around this time. (investor's..THIS MEANS YOU)  Once we get deep into the fall/beginning of the winter the real estate market tends to slow down in activity...although this is understandable for regular home buyers, it's the WRONG time of the year for investors to slow down.  There are a couple of reasons I say this.  

The first reason is pretty obvious...if the market is generally slower, the properties that ARE listed tend to be homes that owners are more determined (desperate?) to get sold, hence you can frequently find bigger deals.

The second reason is for more logistical reasons.  If you are looking to buy, rehab and flip an investment property; that takes a timetable of work that must be planned out thoroughly.   I work extensively with investors in Philadelphia.  For flip properties, we usually see rehab jobs running between $30K to $50K depending on how extensive and how many features are being added to the job.  You can usually figure about $5000 worth of rehab work a week as a round planning number.  That means rehab timetables of 6 to 10 weeks and you should add a couple of weeks to that number for possible delays/issues that might occur.  That means 8 to 12 weeks.  Add to that the time it took to go from agreement to closing.  Depending on how busy title companies are and how readily your funding is available your looking at 2 to 4 weeks for most investors to close on a property.  So now we are at a range of 10 to 16 weeks for your project....What does 3 or 4 months mean if you BUY a project NOW?  It means it's ready for SPRINGTIME which is exactly when you want to start marketing your flip.  Think about that if you are looking for an investment flip.  RIGHT NOW IS THE TIME...this is prime buying season, so don't pass on the opportunities.  

If you want some guidance or have questions about rehabbing and flipping homes, please reach out to me.  I love helping new investors get started on their way.

1505 N 55th St, Philadelphia PA

Thursday, September 15

707 Homestead Ave, Havertown PA Remodeled Oasis

Friday, July 08

Come and see this fabulously remodeled home in beautiful Havertown Pennsylvania. Settled on a picturesque, tree lined street close to local parks, this four bedroom home has been renovated and impeccably decorated from top to bottom. This home is truly 100 percent move in ready and all necessary inspections have already been completed. Entering from the lushly landscaped front yard and entry you are immediately greeted by gleeming hardwood floors and bright decor. The living room features a large front window with plenty of natural light and points the way to the adjacent dining room. A swinging service door leads to the renovated gourmet kitchen which features beautiful cabinets, granite countertops and stainless steel appliances. Moving upstairs leads to more of the amazing hardwood floors which continue into all four bedrooms. Contemporary decor is highlighted in both newly remodeled bathrooms and the roomy, freshly painted bedrooms which feature newer windows and large closets. Back downstairs there is a finished basement with separate laundry area and a side entrance from the kitchen that exits to the driveway and the beautiful, flat, shaded backyard with grill awaits all your family gatherings. Don't wait, come see this special home today.

 http://youtu.be/0i7v_HaQqj8

My name is Keith Kruger and I'm YOUR local real estate resource.  I specialize in residential investment and commercial property in South Jersey and Philadelphia with a special emphasis on historical properties.  I also work with buyers and sellers in my hometown of Marlton, Cherry Hill and Mt Laurel, New Jersey as well as surrounding areas.

www.keithkrugerproperties.com 

8124 Craig St, Philadelphia Pa, 19136

Friday, June 17

Real Estate marketing musts

Monday, May 30

As we move forward into the heart of the spring/summer sales season, we continue to see challenging statistics reported each month in the news.  The number of home sales continues to drag behind last years results.  A large part of that drop off can be attributed to last years tax credit, but even with that knowledge there is still obviously less demand than we would like to see at this time of year.  If you're selling your home, how do you do it successfully in this challenging market?  There are really 2 factors that are going to determine how successful you're going to be.  The very first factor that every smart realtor will tell you is that your home MUST be priced properly in this market.  EVERYONE wants to get the most they can for their home, but if a seller is unrealistic with their pricing in this market potential buyers simply move on to another comparable home that IS realistically priced.   Your home will most likely not even get the number of showings it should because potential buyers and their agents will assume that you are inflexible because your home is priced so high.  The 2nd factor is the quality of your marketing: specifically, your DIGITAL marketing.  You need to know what resources your listing agent is going to bring to bear to make your property stand out.  Are they going to provide a virtual tour of your home, an audio tour that can capture leads?  Will they use live video?  Will they maximize social media?  Most importantly, do they know how to make sure that all of the digital media is SEEN?  Many agents do a lots of digital marketing but don't have the expertise to make sure that it shows up properly in Google searches.  Make sure you ask any agents you interview for listing your home to show you some of their current listings and check how visible their marketing is if you actually look for it.  If they can't get their current inventory seen on the internet, they most likely won't do any better with your home.

www.KeithsFacebook.com 

Marlton real estate sales (or lack of)

Wednesday, May 18