All Forum Posts by: Albert Gallucci

I see investment properties that flippers are trying to sell and also have listed for rent. They are not rented and they are not sold. My broker tells me you can get this much rent for this and I dont know how to find varification. When she says that she is basing it on what people are asking. The cunnundrum is maybe they are asking too much and thats why its not rented. Is there any place that list what units actually rented for , not just the landlords pipe dream of what he thinks he can get?

I am looking into doing a live in rehab of an old property. I am looking for some type of excell fill in the blanks spreadsheet to use to count # of windows, doors outlets etc and everything else os I don't overlook anything. looking for something I can easily carry around house on a clipboard and fill out with trying to flip through an entire book  of pages. If anyone has something like that they would like to share please post the

anks in advance

I am looking at an 1150 sq ft 3 b/r 1.5 bath house built around 1927. The woodwork is stunning every door and window has beautiful original woodwork that I want to salvage. The wall however are plaster with wall paper that was water damaged and dried as is years ago. No sign of mold but pelaing wall paper and water stains everywhere. I can do most f the work myself or with my own people but I would first need to gut property down to the studs. I have heard estimates from 15k to 50k. Has anyone done this and could you share the cost. I am located in NE PA

Thanks in advance for your time.

perfect thnk you

Thanks for your thoughts. 

I thought I saw one on this website but can not locate it. I am trying to find a house hacek calculator to compare where I am currently living to moving into a multi family with some income.

I noticed many of the multi-family properties for sale in my area have drop ceilings. These are older homes as are most of the homes in the area, over 50 years old". Is a drop ceiling much cheaper than covering a bad ceiling with 1/4' drywall? obviously cheaper than stripping it down to the studs and re-rocking, but I am wondering if there are other issues I should be wary of? would love some input from someone who has been down this road.

good to know but I am aiming for B or A. You really cleared things up for me when you said class A,  3-5 years cashflow . I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer. These props were in good areas so I am guessing that is why.

Thank you drew!, you have put me on the right track with very clear and concise observations to think about while evaluating my market. 

Thank you all who responded, I plan on spending some time driving the neighborhood and talking to anyone at the local coffee shop who will talk to me.  What should I be looking for? Quality and upkeep of the cars in the neighborhood, I though might be a good sign. For rent and for sale signs might be another. Any other suggestions for boots-on-the-ground observation would be greatly appreciated.