Largest $$ risk is your dirt because you cannot test it all.

This is the single largest unknown.Roof — unknown condition, $15,000–$30,000 to replace (most likely more)Electrical panels — likely updated but verifyHigh priority:HVAC per unit: $4,000–$6,000/unit if replacement needed (would need to confirm if Central Air, or window units)7 vacant studios need cosmetic turns: ~$2,000–$5,000 eachYear 1 CapEx budget I used: $100,000 funded at closing.The studio turn math is compelling on its own: turn all 7 at $3,500 average = $24,500 investment to unlock $63,000/year in new gross revenue.

Salaries aren't jumping in Philly, theyre already relatively high so my strategy is how do I get a property that undercuts the surrounding rents,in the mentioned neighborhoods and your neighborhoods, its very hard to do.Househacking is great bc you live in one uni and offset your costs and hopefully in one or two years youre able to raise rents and make a profit.My first househack was MY HOME.and it positioned me well after three years.I think pre 2022, you could have been able to scale one new property per year, but i think now, youre timeline has to extend to 2 years minimum.Other cities provide more financial opportunity, but not in the northeast.You can check out albany ny, harrisburg, scranton, and allentown,But despite all of it's flaws, Philly is indeed a world class city, and one of the nations largest, I think theres more opportunity in the long term than many other markets.I think texas and georgia are other good long term markets, but i think theres too much supply, natural disaster risk and i anticipate in the next year there will be better opportunities.My goal rn is to cop in philly in the next 6months.Save up and cop in Atlanta or houston subrubs in 18 months after that, so a two year timeline.This is using 5-10% conventional loans, i used fha for my first property.

Horton, America’s largest homebuilder, advertising:3.99% mortgage rate buydownUp to $15,000 toward closing costsAggressive financing incentives in Northeast FloridaDavid?

Second largest city in the county at 221,000 people.

The largest gap ever recorded.– 3% of all mortgages are at least 25% underwater, up from 2.5% a year ago.– Foreclosure starts are up 32% year over year.Deep negative equity is concentrated in:LouisianaMississippiKentuckyIowaArkansasKentucky is on that list.Equity-rich homes — where total debt is less than half the property value — slipped from 46.1% to 44.6% in one quarter.

The city hosts some of the largest events in the country including SXSW, Austin City Limits, and Formula One at Circuit of the Americas.

I'm embarking on the largest scale commercial development project.

The prompts people share online are built for tech companies, not for someone underwriting a 150-unit value-add deal or pulling rent comps in a new submarket.That led me to start the AI for CRE Collective... the largest AI education platform specifically for Real Estate.

And they back it up, with a chartDekabank, One of Germany's largest asset managers will offer bitcoin