All Forum Posts by: Daming Chung

@Christopher Phillips thanks for the advice, and suggestion on the 203k loan

Hi community, looking for some advice & pointers! We came across a bank owned property (REO) which had gone through the foreclosure process, and we're interested in purchasing it as our primary residence. It's listed at $250K, and likely needing repairs somewhere in the ballpark of $75-100k to get back into more livable shape.

My question is, what are the best financing options for us to purchase and renovate? We’d have enough for a down payment, and likely enough to cover the repairs out of pocket ourselves. However, we’d like to avoid sinking in so much into the house up front, and prefer leveraging low financing options.

Thoughts? Advice? Thanks in advance!

Hey @Mike B. I've used Old City Movers (https://www.oldcitymovers.com) during one of my moves, and I would highly recommend checking them out. The guys that came were efficient, reasonably priced, and took care of my belongings to prevent potential damage.

 I'm inexperienced, but currently soaking up as much as I can to learn the ropes. My primary goal is to land my first rental property purchase. From many folks in the real estate community, I hear crossing that hurdle greatly increases one's understanding of the real estate market. How about yourself?

Thanks Ryan! Are you actively involved in any Philadelphia area based Bigger Pockets meet-ups or groups?

Welcome to the newbie club as well! I'm looking to connect with both experienced and inexperienced individuals as we navigate through real estate investing!

@Mark Nolan My apologies for the delayed response, but thank you for your comment! I am certainly going to be looking into Bigger Pockets store materials in addition to the wealth of resources widely available on this website.

Thanks @Joe White! Are you aware of any BiggerPockets Philadelphia area meetups or discussions? I'd be interested in meeting other folks that are active on BiggerPockets.

Thanks @Kai Kopsch!

Hi,

I'm a new member from Philadelphia PA. I'm a young professional in my early 30's, and looking to meet new folks through BiggerPockets. 

1. I enjoy watching sports, video and tabletop games, listening to podcasts, reading a good book on a early weekend morning, hiking and camping, and above all spending time with family and friends. 
2. I'm also interested in learning woodworking and DIY home repairs.
3. Little known fact about me.. I oddly find it cathartic when folding my laundry.

I found BiggerPockets through it's podcast, and hope to share insights with other individuals as we navigate through the journey of rental property ownership!

Regards,

Daming