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Showing posts with the label investing 101

Development Opportunity - Vacant Land

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NOW AVAILABLE Development Opportunity - Vacant Lots  Zoning: RM-1 Adjoining Parcels 1802 - 1804 North Ringgold Street 1802 Lot Size: 15x47 1804 Lot Size: 14x47 MLS No. 6685598 and 6686830 Adjoining Parcels 1824 - 1828 North Ringgold Street 1824 Lot Size: 14x48 1826 Lot Size: 14x47 1828 Lot Size: 14x47 MLS No. 6686336, 6686323 and 6686328 Asking Price for each parcel $20,000  ADD VENTURES,INC 215-395-6220 TEAM ERIC ANTHONY

Who's on your investment team?

Would you pick a Realtor who also Designs and Builds to be on your investment team? In today's market your investment team is everything. The role of Realtor is vastly changing, the game is faster and more complex. Beyond the numbers strategy and sales commission, investments require a deeper level of sophistication and understanding of after acquisition requirements. If not fully understood these requirements can slow down investment timeline and increase the time of turnover.  As the owner investor, your team is vital to the investments success and your Realtor should be the quarterback, should have full knowledge of your game plan and should be able to drive your investment to the win column. Winning is the role of your Realtor quarterback. A Realtor with a beyond commission sales knowledge base of design, permits, OSHA standards, contractor contract administration, construction methods, building codes and inspections can lead your team to success. With the right Realtor qua...

Specialized Contracting and Development

Specialized Fix and Flip Contracting and Development What do you look for when trying to purchase a fix and flip investment property. Do you have your team in place? Does your Realtor put your budget objectives above their commission? Does your contractor have experience with 203K loans and other loan programs? These are just a few questions you may have already considered. If you haven't, they are worth their weight in gold if addressed before you purchase the property. I have personally seen countless properties foreclosed on because investors were unable to finish projects within the time line of the loan, projects were changes made during construction exhausted the budget. Pitfalls like these are easily avoided with the right approach and development team. To get to the finish line of a project it takes an aggressive planning approach were you and our development team work together to establish a clear set of goals and objectives prior to viewing the first pr...

Construction Topics - Floor Joist

Floor joists are fundamentally the lateral support of the building structure. In the case of inter city row homes, particularly as in Philadelphia these old members were solid one piece timbers measuring approximately 3" wide x 91/2"deep. The span, which is the distance measured end to end varies depending on the distance between the buildings party walls. When assessing floor joist replacement, a professional engineer should always be consulted. No floor joist should be removed without a professional engineers advise. I have seen several conditions where a vital floor joist was removed and floors sloped or sagged, walls cracked and trim has pulled any from the walls or the entire house settled. If you think you need professional help here are some things to look for. Do the joist twist at either end? Do the joist drop down on either end and appear to be crushing the material under it? Do the joist sag in the middle? Do you see cracks in the joist along the span? Does the ...