Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

73
Posts
26
Votes
Garrett Sowle
  • Rental Property Investor
  • Ponte Vedra Beach FL
26
Votes |
73
Posts

First time Flipper looking for a contractor in Philadelphia

Garrett Sowle
  • Rental Property Investor
  • Ponte Vedra Beach FL
Posted

Hi Bigger Pockets community,

I'm new to BP but have already learned a ton from reading and listening. I'm looking to get into real estate investing in the Philadelphia area. I hate the idea of "wasting" my money on rent each month and would prefer to own to build equity instead. I have some experience in construction and enjoy that type of work so I thought a ~2 year live in flip would be a good option for me to get started. I found an off market (As-is) property in a great neighborhood at a price point that I think I can work with to get some great returns after the renovations. 

I'm looking to find a contractor, estimator, or someone who knows what they are looking for to help me get an idea of repair costs. I'm hoping to find someone to give me a half hour or so of their time that I'm willing to pay for your time in cash, food, beer, labor, or just let me know what I can do to make it worth your time. There are underground outlets throughout the home, no GFCI in the kitchens or bathrooms, one horizontal crack from floor to ceiling in the first floor with a crack running the width of the room where the wall meets the ceiling, there is a thin stair step crack on the brick exterior (seller claims the issue was repaired). It also has about a 3" in elevation sag on the ground floor in one corner. 

since I don't have a ton of capital (basically enough for 3.5% down and hopefully use seller assist for closing) I was considering using a 203k loan to fund the repairs above to basically get it up to FHA approval standards and then either do the work myself or use non 203k approved contractor for the rest of the renovations over the next 2 years.

If anyone can recommend a contractor in the Philadelphia area that might be willing to help me out it would be much appreciated!

Loading replies...