All Forum Posts by: Ryan Dressel

I believe a previous owner dropped the ceiling, simply because it looks like it's in newer shape compared to the windows I ripped out.  Thanks for commenting!

It's a drywall ceiling.  I'm researching ways to hang blinds or drapes, as that might hide the problem.  The depth of the windows is only 3.5 inches so it's only noticeable if you are purposefully looking upwards.  Thanks for the responses so far!

Just a quirk of an old house haha.  My neighbor is quite handy, and he vaulted his ceiling up to the roof line, but it took him almost a year of working by himself, so it's either really expensive or too time consuming to deal with the ceiling (for now).  

Hi all,

I just replaced two 40 x 60 inch bedroom windows, and in doing so, discovered that the existing ceiling drops down below where the very top of the window is.  It was hard to tell before because everything was so ugly that I didn't notice (windows where installed repeatedly over each other with 50+ year old worn trim).

My conundrum is that I am trying to add trim around the windows, and can't think of a way to hide the above problem.  Has anyone encountered this before?  Option A is to simply put a stool and 2 vertical pieces without a top horizontal piece; or Option B --   Put a horizontal piece across the top and hope it doesn't look weird.  I suspect it will look weird because there won't be a flush connection due to the gap of the window depth...

Raising the ceiling to the roof line would be awesome, but also unnecessarily expensive for a rental.

Thoughts?? 

Thanks in advance!

Ryan

You might be able to get funding for one property, but more than that will be a problem when lenders look at your credit profile.  The student loan debt will impede your ability to reach scale via additional rental properties.

An alternative route could be to purchase vacant land, and partner with a developer to build the desired number of units you are seeking.  This may require consolidating your 50+ houses to come up with the money, but it could allow you to scale up without buying the giant apartment complex that you are comparing your other option to.

I see that you are located in Virginia, are you familiar with the area?  Nothing that hasn't been said already, but you'd basically have to build a private estate on that plot of land to make a profit.

Yeah message me and we can discuss.

Be sure to research tax levels of the different school districts, they can be drastically higher in some cases!  There are certainly opportunities for rentals though.  I have looked at Delco on paper but do not have any experience there fyi.  I like the potential of overbrook, parts of Havertown, and Drexel Hill, but be careful as there are some surrounding areas that are D neighborhoods (West Philly, Chester).  If you are looking for buy-and hold for appreciation purposes, I think both Media, Haverford, Bryn Mawr, and Narberth are excellent candidates.

Welcome Christopher, I'd be interested in discussing rental investing but want no part of the flipping business.  Feel free to message me if you would like to discuss.