Philadelphia, PA · Member since 2017 · 10 posts · 0 votes
Hello,
We are a new investment group in Philadelphia and are looking for Private Lenders who are interested in providing funding for our rehab deals as well as a reliable General Contractor who we will be able to form a long term relationship with as we grow. We are planning on doing the BRRRR method with hopes of doing 1-2 deals in 2019 and compound our growth as the years continue. I know these are the two hardest and most sought out pieces to any real estate investing team so if anyone can provide any recommendations, we would really appreciate the help.
@Eugene Carelli Feel free to reach out I have a private lending partner that I can refer to you. I don't refer any GC's, best of luck with that part ;-)
@Eugene Carelli in terms of the GC, you will have better luck finding one once you have a property owned/under contract that they can walk through and bid. Getting one on board without any confirmed work ready to go is hard.
I would recommend signing up for HAPCO and DIG, two local Philly organizations where the members often share contractor referrals and recommendations.
That being said, it's a tough time to get started because Philadelphia is a hot market so most of the GCs who are knowledgeable/reliable/affordable have steady work lined up already from repeat investors who they've worked with for years.
It's still doable to find good contractors out there, so I don't mean to discourage, just know that you will have to go through a lot of ones that are sub par in multiple ways before finding ones you can rely on.