All Forum Posts by: Eric Tullius

Hey Mel! Your post is hilarious and very informative at the same time, well done. 

As you and most investors here know there is always money to be made somewhere in the market. Which of course is a big reason why you are finding the offers not being accepted (Which i'm positive you already know). 

1-2 flips per year is a great goal to have and honestly I think finding those deals locally may be much easier than you think. I work with a lot of out of town and local investors who all have one thing in common. They agree that everybody sleeps easier at night if they could see the property before buying. A lot of my buyers do not, but that as you very well know comes with trusted council.

Don't give up on your goals! I know I can also be of some assistance personally since I specialize in the Philly, Delco and Montco area. Lets connect soon and see if we can get you back on track!

For anybody currently buying vacant lots in the Philly area, what are a couple of the most important things you look for? Nothing is off limits.

@Justin Moser Let me know if you need anything or have questions Philly is my personal market so I can cut a lot of headaches out for you.

Hi Enrique I would love a chance to chat with you about the greater Philly area and get a better of exactly what you're looking for. Turn key at 100k is possible in this market, but would need to be in very specific areas. Feel free to reach out with questions I'm always up to chat with investors.

I would seriously consider walking away. There's no room for error here which is something in real estate that can happen often, as you've already experienced on your first project. A piece of advice I always give people is to build a network of contacts who are serious about working (GC's, plumbers, painters, HVAC etc). Once you have a group that you can trust it makes the flipping process so much less stressful.

Check with your lender and see, that should be your best bet.

FCFS

4411 & 4414 N 4th St

Purchase Price: $172k First come first serve
6 Bed 2 Bath

Flip Comps: $130-155k

Market Rent: $1350/mo

$15k deposit

Closing 9/22

** Reach out for more info!!

Hi Jiwon, I have the perfect connections for you in this area. Feel free to connect directly. 

Something worth looking into would be the Bellweather District. Philly is growing and changing for the better and I believe will hold great value for both new and experienced investors.

Make sure and follow up with every person you talk to with interest. If they buy a property from you make sure and check in during the renovation process. Christian hit the nail on the head with building your team of resources as well, our goal should be to help our investors along their journey and that should never stop at a sell.