All Forum Posts by: Chukwuma Egbuzie

Hey bigger pocket fam,

I’m working out my first deal that I’m excited about but the hurdles keep coming. I found a multi family that’s within my budget but in the remarks it’s said to be a tear down and there’s a tenant who is still living there. The house is situated in a desirable neighborhood but it seems they are only looking into cash offers. 

1. Outside of comps, How do you know the land is worth the tear down?

2. What would you do with the tenant? It seems eviction would be inevitable.

3. would you suggest hard money lending? If yes, what would you recommend I do if broken down in steps?

Hi BP fam! New investor here and I am shopping around for potential contractors in the philly and/or surrounding areas? I am looking for someone who takes pride in their work, licensed and insured, able to project manage and work efficiently, and has relevant experience in 203k loan rehab.