All Forum Posts by: Ante Bolling

@Troy S. So we talking like 102k to 120k for a 1200 sq ft full gut reno

How much do contractors usually charge per sq ft in the Philadelphia area looking for ball park figures. I’m hearing a full gut is the way to go to start fresh

@Andrew Beauchemin yea but with the market so hot you will make more money renovating and holding the value tripled since he first got the property

I have a partner who owns a small community church in South Philadelphia probably the best up and coming part of the city. Now I'm trying to figure out should we pull the rehab money from HELOC or an outside source then cash out refi and break down the profits.

@Russell Brazil how do you think it would work out if you was using hard or private money tho??

@Jaysen Medhurst Then what so you do when it come it pulling equity out the house because to my knowledge FHA loans dont help toward renovations

@Jaysen Medhurst so do you think that would be agood route to take or would you suggest another method that asks may include finding for reno work

So where do you start if you never did real estate before? If this is your first deal and your looking to try to use hard money lending to fund it what are the steps you take to make this a success?

@Jay Hinrichs thats the exact plan

I'm looking to fix and hold to be able to pull some Equity out at a later date.