All Forum Posts by: Rafael Brown

Hi all, does anyone know of a good contractor for the Chester County area? I'm a bit new to investing and my first couple have been in Delaware but now I'm looking for something a bit closer to home. Any recommendations would be great! Thanks

@Michele Fischer @Levi T. thanks for the advice. 

@Yin Choi Thanks for responding. I thought that I could trust my realtor with regards to price but I should have went with me gut. Well I just did so let's see. Thanks!!! 

@Patrick Britton and @Joe Villeneuve Do your banks deal locally only or will they deal in other states such as Delware, PA and VA? If so would you mind sharing the names?

@Michele Fischer Thanks for sharing your experience. I am new to investing and I'm trying to figure out if buy and hold in low income (no war zone areas) is really ideal for me. Are you saying that you wouldn't do it again? How have your tenants been with regards to taking care of the properties? Did you add more for maintenance and cap ex cost (if so how much)?

Thanks,

Rafael   

Hello BP members, I have just finished my first flip in the Wilmington DE area (N Van Buren). I'm truly excited about finishing this flip in less than 90 days considering we did some major work and receiving permits from the city. Now, my question is I have had the house on the market for around 45-50 days or so and I'm not getting that many showings( DOM is around 75-90 days). I did realize that my price was to high but I listened to my realtor instead of my gut. So, now I am a little concerned that I still have this property and very few showings. From the feedback from the couple of showings we had the price is right on point. Now, from the pictures the house looks amazing however should we stage the property? The price of the house is under 160k. My realtor said don't waste money on it bc of the price point but I disagree. Should I stage the entire house or maybe just the 1st floor? Also, what does staging typically cost? Home sq ft is about 1500. Thanks in advance, Rafael

Hello all, I'm also looking for a painter and someone who can do a little handy work. Thanks, Rafael

Hi all, I am a new investor in Wilmington. I just purchased my first property, which was delayed for a bit b/c of a title issue that the bank has to fix. I'm glad that it happened b/c the contractor I was going to hire is verrrrrry slow. He's working on a friend of mine's property and he is dragging his feet.  So at this point I'm back out looking for another contractor.  Does anyone have any recommendations? Also, any recommendations for realtors? 

Hi all, I was looking for a contractor in the DE area. I did find one but he's working on a friend of mine's flip and he is extremely slow! So now I need to find another contractor. 

Thanks!!!

Thanks all for you input. Bigger pocket really looks like it's worth it! So, I decided to drop the mentorship program. I have already purchased my first property with my own money and I will rehab it with the help of the BP and local REIA communties. Looks like 15K is back into my pocket.

No for future advice, do mentors really charge that amount? I've heard most of them ask for the split or a consulting fee (but not that high).