All Forum Posts by: Jonathan Chan

I have experience investing in other areas and have recently started looking at Philly as a good prospect to invest in since it is relatively close to VA but seemingly with lower price points and higher ROIs. I buy and hold, BRRRR.

I typically like to focus on C class neighborhoods, up and coming. 

I'd like to ask what are your favorite Philly areas to invest in that meet these specifications and why?

What areas should be avoided?

I appreciate any feedback you can offer.

@Account Closed The hard money and how it works is the part I get. The part I don't get is, why are they so aggressive in their search to loan out money. It seems odd to me that they're willing to just throw cash at anybody who mentions the term.

I've been using my own funds to finance all of my real estate up until now. However, I've recently decided to look into hard money/private lenders to begin funding all my deals. I'm extremely surprised at the response. It's like the minute type "har..." I get an email in my box begging me to borrow their cash. Is this normal? It really rivals the whole car warranty extension calls and letters that I get.

sorry, that's a struggle for me as well, but it seems to be $15k and up (for a ~1000-1500 sq ft home) every time I ask the contractor for an estimated rehab.

only $5000 for estimated repairs ?

@Christopher M. 

Did you ever work with Chris and his team? I'm interested to hear experiences working with them.

@Ola Dantis

Great conversation in Nelson's room last night. Wish I could have stayed to hear all of the strategies given to Oma. Clubhouse is a game changer. 

@Ola DantisIt's definitely a great resource. You get to listen to real world stories from all types of people. You can even jump on stage and ask more experienced individuals for advice, suggestions or to help narrow your path.

@Kiley N. Yes, it was in Huntsville. John gave me a few other insurance agencies. I'm reaching out to them today.

I asked the home inspector to go to take a look at the roof along with a few roofing companies. Of course, all of the roofing companies quoted me a price to replace. Based on his description and pictures, the old roof was left as is, but a new set of shingles was set on top. Apparently, this is common practice in this area and extends the life of the roof without having to actually pay for a new one. The inspector sent me pictures of the thing and it looks new to me. 

I wasn't able to be there during the inspection because the house is a 10.5 hour drive from my home. I think it's been cleared up for now.