All Forum Posts by: Kenny Stewart

Totally agree with @Joe Garbarczyk. Start getting leads asap. the CRM will come, but for now use a spread sheet (excel, google, libreoffice etc..) Currently I am using vTiger community ver. It's free and highly customizable. You do need some sort of hosting for it though either your personal pc/server or buy a hosting plan with a cpanel. 

You can try a Permit Expediter. They Don't work miracles like turning 2 mos into 1 mo. but can make sure everything is done right the first time so you don't hit any snags / surprises were 2 mos. turns into more.

My first question would be what do you mean by immediately? Couple Days, A Week, A Month? As you know nothing in real estate is instantaneous and will need some type of investment of time and money. 

Starting out with immediately in mind i would have to lean toward wholesaling. It really is nothing immediate about it but I think it would be the fastest way to get up and going while learning more.

I wouldn't try and learn all aspects of investing either. Pick something nail it down then move on to something else if you like. Trying to take it all in you may end up spinning your wheels with the abundance of information available to you.

Congratz. Sounds like a solid start. 

I agree with what was already stated in prior post. Highly doubt Tile would make the floor bow unless the floor is made of wet paper towels. One thing I didn't read was sometimes you have to carve out some time jump in your car or on that plane and go out to your property. No one is gonna care about your property like you do. You stated this PM company already came with some suspect repairs once. seems like they may be at it again. Especially if they know you don't come out they can say anything.

I would say it is a good way to get a rough estimate. I would say call a few contractors and see if they will give you their price per sq ft for labor on certain items (ie. Flooring,Painting(interior/exterior), Drywall for 1500 sqft home, siding ect..) keep in mine these are all estimates also but may get you a little closer to a accurate number. You can use that to vet some of the contractors you might use also. 

Welcome to BP and Philly. I live in S.Jersey now but was born and raised in Philly.

Hello,

I just wanted to know if any Philadelphia investors have dealt with the City to purchase properties?

I am currently trying to purchase 1 to 3 properties listed as PRA properties. Even going through the beginning stages of this process I'm not sure of what some of the statuses mean.

(Owner - Available) being the main one.

Does that mean the City or the listed individual on the property Owns it?

ex. 

Owner: Joe Smith

Asset Use: Vacant Building

If it is the Individual can I circumvent the city if I am able to locate the Owner?

Any input is much appreciated.

Hello,

I'm not a lawyer but I did sleep at a holiday Inn last night..

@Ned Carey I agree 100%. At this point the husband is the only party liable for the rent on the apt.

The “new” lease they decided to send over with scribble on it means nothing. They might as well have drawn stick figures playing hop scotch while juggling apples on it.

If I understand you correctly they will do 2yr at the lower price or 6mo at the higher cost.

• Get a lawyer make the needed legal changes to the lease for the 6mo arrangement. (Have them Both sign it at the same time)

• Document everything

I would do the 6mo and get them out of there. They sound like a headache waiting to happen. Just market your apt during that 6mo time frame.

If they re-nig on the 6mo. term and no longer want to do it I don’t believe you can start the eviction process for at least 60 days since you have first and last at the stated full price. Even then you have to show you gave them opportunity to pay that extra 100$ and they denied to do so. Right now it is all talk so you really don’t know if they will or won’t pay the stated price in the original lease. Just know you are probably in for a long 2 yrs if they stay.

Another option as stated in an earlier post. Pro rate the rent long as no damage is done they can have their security deposit take your keys back and be done with it.

Best of luck..

Welcome to BP. You will find just about everything you need here.