All Forum Posts by: Clark Kirkpatrick

Hey everyone, I'm making a Facebook group for Pottstown investors, for the purpose of sharing info on local issues - borough hall/licenses and inspections, contractors, property managers, agents, etc. It will be a private group for Pottstown investors only, so please find me on that platform if you'd be interested. Cheers!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $97,000
Cash invested: $15,000

Another duplex that needs some TLC, this property is our first deal with Subject To financing. It is intended to be a long-term BRRRR, with improvements made gradually and a cash-out refi to pay off the existing financing from the previous owner.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $97,000
Cash invested: $15,000

Another duplex that needs some TLC, this property is our first deal with Subject To financing, which we found through a wholesaler. It is intended to be a long-term BRRRR, with improvements made gradually and a cash-out refi to pay off the existing financing from the previous owner.

@Rachel Santos PM sent. @Sean Buckley I do wholesaling, yes. Are you a cash buyer? Also, let me know if you need a lead on a good contractor for the Royersford area.

Hey @Sean Buckley @Rachel Santos I invest in Pottstown and work closely with a great contracting crew. Let me know if you’d like me to connect you!

@Zachary Moon You sound like you're off to a solid start! My wife and I are house hacking a duplex in Pottstown, and I definitely think you're on the right track with seller financing/subject to. The BRRRR strategy is one we've been using effectively in Pottstown as well. Brandon Turner's book The Book on Investing in Real Estate with No and Low Money Down addresses exactly the situation you're asking about, and it has a lot of great ideas. You should also consider making relationships with private money lenders and hard money lenders, and find out what their terms are for borrowing. Partnerships could also be a good option for you.

Best of luck!

Congrats, @Shane Braunworth! I just drove through Norristown this morning and it looks like it's headed in the right direction. Your cashflow number is awesome for a house hack!

Thanks for sharing this Beka! My Pottstown portfolio looks similar, but about 2 years behind you, so this is interesting for me to see. 

Investment Info:

Single-family residence private money loan investment in Stowe.

Purchase price: $80,000
Cash invested: $25,000

This is a single family row home that I purchased with a partner and a private loan. We found it through a wholesaler. It was uninhabitable and a half-finished project, so we will finish the rehab and refinance to complete the BRRRR on this deal so we can move onto the next one.

@Evan Polaski thanks for the info. I did give them a call, and everything you noted was accurate in this case!