All Forum Posts by: Adam Garner

Agreed with @Steve Babiak

For general real estate needs, I recommend Ron Isgate. He is great - and investor-friendly. 

You could try Bell Floor Covering on 2nd St in NoLibs. I know multiple builders that shop there

@Nyle Emerson 

https://atlas.phila.gov/

Type in the property address then select "Licenses & Inspections" to access zoning permit documents.

I would still consult with a zoning attorney before purchasing. The atlas is helpful for preliminary research. 

Kensington (near K & A), Fairhill, & Nicetown. 

There are two commercial development projects proposed / under construction in Nicetown. See below: 

https://www.bizjournals.com/ph...

http://shiftcapital.us/project...

From my experience, it is difficult to find this in Philadelphia. One reason people opt to seller finance or rent to own is if they are having trouble selling their property. Right now, inventory is low and properties are moving fast. If given the option, most people would choose to take cash for the property rather than inherit the risk of financing it for someone. 

After a quick google search, I found a couple websites that specialize in these types of sales. I searched "rent to own properties Philadelphia". You could try giving one of them a shot. 

Your best bet might be finding a friend or relative who has a house that they are looking to get rid of. 

@Alex G. I'm also interested if you would be willing to connect me with your provider. 

I think it will be extremely tough for landlords to recoup any losses from unpaid rents. The system in Philly favors tenants as it is - this combined with the pandemic creates a nightmare for landlords. Hopefully, there aren't a ton of tenants that take advantage of the situation. 

I think the best course of action is getting in touch with the tenants in order to understand their situation and then working with them on a case by case basis. Some people have reduced hours and might not be able to pay the full amount on the first of the month but will get it to you before the 15th. Others could be waiting on the stimulus check, unemployment, or their tax return. Open communication will be beneficial for both parties. 

Real estate agents can be a great resource.

You could try consulting with an investor that has experience rehabbing properties. Try to figure out a way to provide value to them, rather than only asking for advice.

Link:

https://www.phila.gov/2020-03-20-li-issues-guidance-on-construction-work-in-light-of-governors-march-19th-order/ 

A friend of mine said that their in-house Hard Money Lender just stopped lending for rehabs. It killed multiple deals for him.