All Forum Posts by: Jack Swank

Maybe it is time to start a developers coop that shares some of this data. We need housing, and eventually, I would be giving all sorts of people the roadmap to build a 6 plex, 12 plex, 24 plex 36 plex and all the secrets we currently use. It is so hard to jump in, most of my success comes from the team my team has surrounded themselves with.

Yes, great idea.

Like for us the mixed use is so hard to find tenants and we are building live works down I first floor. So, some can have a business at front of building and in back is there 1 bedroom unit.

1 Vote

Philadelphia, Pennsylvania

Quote from @Kathy Stevens:

@Chris Blackburn...Thank you for that information. I completely understand the venting...haha. That is quite a hefty price tag per door. Can I ask, is that $240k for an A Class neighborhood?

@Jack Swank That is an insane price. Are you talking just the building? I was estimating $140-$170 SF for the building itself. I am pretty far off on my analysis then. I was around $171k a door (All in with purchase, building, hard/soft, soil tests, etc.) And I thought that was high, and why I originally came on here asking if anyone had examples. I know it is different area to area, but wow...

Just building cost around $275 to $350 a square foot.

0 Votes

Philadelphia, Pennsylvania

I would use the HELOC to purchase and repair and after refri, then pay off HELOC.
If you want to pull equity out for just a down payment, then I would suggest that you are ready soon to use money or interest rates are good.

0 Votes

Los Angeles County, California

“All In” here in California is $350 to $400 a square foot. Crazy prices right now though.

We are currently building a lot of apartments for clients. And yes getting entitlement and permits is so slow.

God much

0 Votes

Philadelphia, Pennsylvania

I have bought from HD supply the scratch and dent selection. Minor cosmetic repairs and save a lot.

1 Vote

Yeah, I’m not aware of any restriction to limit amount of residents to a unit.

0 Votes

Sprinkler the building is good if this is a long term hold. Should help with insurance too.

0 Votes

Upstate New York, New York

Sounds like a lot of headaches.

Keep it simple

1 Vote

Jacksonville, Florida

Have a good team for out of area properties.

Make sure numbers work.

0 Votes

If looking local, then finding deals is about getting your name out to realtors. The best deals I get are from people who know I’m a serious buyer. Networking!!!

1 Vote

All Forum Posts by: Jack Swank

Jack Swank has started 0 posts and replied 32 times.

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