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Renovated Duplex Rental Property Walkthrough | Philadelphia PA
Рет қаралды 23,102
Күн бұрынIn this video I walk you through one of our recently completed projects, a two story duplex in West Philadelphia. We learned a lot on this one and I share thoughts about some of the design decisions and a change that we had to make midway through the project. If you're interested in learning some tips and tricks on how to invest in real estate in Philadelphia, this one is for you!
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Keywords: Philadelphia Real Estate Investing, Philadelphia Real Estate, Philadelphia Real Estate Investment, Philadelphia BRRR Property, Philadelphia Property Walkthrough, Philadelphia Investment Property Walkthrough
@YarikDidenko 3 жыл бұрын
Whoever watching this and just started in Real Estate, you will be successful one day just keep pushing, let's do this for the future!
@lowcarblifestyle8335 Жыл бұрын
Wow Thanks
@mikeloanyelo2812 3 жыл бұрын
I’m 14 but I enjoy looking at things like this.
@justsayYvette 10 ай бұрын
I really like that duplex. I love that you made an office space instead of two bedrooms.
@Cksncrm 3 жыл бұрын
In west Philadelphia, born and raised/ on the playground is where I spent most of my days...
@caryn1158 3 жыл бұрын
Love what you did to the place!! I am looking at investing in philly and love this idea!
@libertycityliving2015 3 жыл бұрын
Awesome video! I love how you talked about this renovated duplex. Can't wait to see more properties! Keep em coming!
@RodneyRoss 3 жыл бұрын
Thanks for watching! Glad you enjoyed it
@KidCity1985 3 жыл бұрын
Great job, gave me a few ideas, . You can put river rocks in front and spray it with a product called "burn out" or should last all year.
@Sweat-pk4nd 3 жыл бұрын
Hi Ron! This is awesome! May I add If you bring the curtain panels almost to the ceiling the room will be even larger (interior design hack)
@RodneyRoss 3 жыл бұрын
thanks for the tip, we're going to do this on our next one that has high ceilings which we're rehabbing now
@KeyserTheRedBeard 3 жыл бұрын
exceptional content Rodney Ross. I crushed the thumbs up on your video. Always keep up the terrific work.
@MasterAAronkid 3 жыл бұрын
This is awesome Rodney! I’m looking to start my real estate investing in philly in the coming months. Just graduated college and started working over in New Jersey as an engineer. I’m going to watch the rest of your videos and keep my eye on the market ! Thank you for the great info
@RodneyRoss 3 жыл бұрын
Congrats on finishing school and landing your first job. Are you thinking about house hacking?
@Lemonsmeringue 2 жыл бұрын
This is beautiful 😍
@yazajag 3 жыл бұрын
This is such a great turn around. What you did with the layout and design is really awesome. I'm a 5'5"/5'6" woman and I would be good with the 1st floor and basement, but love the upstairs apt as well. Would make the smaller room my office/art studio. Anyway I'm rambling, I just am excited to see such amazing improvements. It really helps with the neighborhoods and the rental prices are reasonable. (Says the New Yorker.) I have family in Philly/PA and it's nice to see this. Thank you for sharing and for all of your qmazing work. Happy Holidays to you!!! 🎁
@RodneyRoss 3 жыл бұрын
happy holidays and thank you for watching! we're finishing up a few other projects too so will have more finish videos coming soon.
@yazajag 3 жыл бұрын
@@RodneyRoss That is awesome! I can't wait and am looking forward to seeing them. Also, thank you. 😊
@kissesbyqueseboutiquebatts5889 3 жыл бұрын
Love the kitchen❤️
@seanjefferson4006 3 жыл бұрын
You & Me Both
@iana.harrington5507 4 жыл бұрын
Beautiful House. I love the showcase!
@bryanksees 3 жыл бұрын
Wish I had known about this place. Love it!!
@RodneyRoss 3 жыл бұрын
Gotta get the next one! Do you buy in Philly?
@dajunetsr 3 жыл бұрын
Love your videos. I want to house hack in Philly but idk where I should look for 😔
@RodneyRoss 3 жыл бұрын
Thanks for watching. I'd figure out your price point first because that will dictate where you start looking. Have you gotten your mortgage pre-approval yet?
@sgfreak96 3 жыл бұрын
Awesome video. Seriously considering going the rental property route very soon, also in Philly. Thank you for breaking the numbers down, and awesome job on the reno!
@QzNumLock 3 жыл бұрын
Just came across your channel Rod! Please keep these type of vids coming. Super insightful for a noobie Philly RE investor like me.
@TruckerDave215 3 жыл бұрын
Wow excellent video I just purchased my home in nj this is my next step trying to get few duplex best number videos
@trulygrateful7217 3 жыл бұрын
I have always been super curious as to what the interior of the homes look like in west Philly (they look like bigger homes). Great video!
@artdoneus 4 жыл бұрын
Loved the video! You guys did a great job with the Reno! Thanks for being so transparent with the numbers I am a new investor looking to buy in Philly! Something that I’m having trouble with is analyzing BRRRR’s so this definitely helped!
@RodneyRoss 3 жыл бұрын
Thank you for watching! Have you found anything yet?
@artdoneus 3 жыл бұрын
@@RodneyRoss Hi Ross!! So, I actually just started working like a year ago in the same field as my studies but I only have 1 W2 form from 2019 and i started working in august of 2019 so my income for 2019 is not high (like 30k) so im waiting to file taxes this year so i can get a pre approval for a loan. I wanted to reach out to a loan officer to ask if I can use my salary letter to show prove of income but i havent done that. since then just been looking on zillow everyday looking. and seeing some of your beautiful house LOL! I think my only issue now would be how to find contractors in Philly. Also, im planning on buying something next year in Feb! im not in philly either so i cant even go check out the neighborhoods but im planning on getting a job around there or NJ since my fam is there. thanks for the reply! I really enjoy your videos! If I do end up in philly would love to meet and help create/edit videos! Kevin!
@RodneyRoss 3 жыл бұрын
@@artdoneus It sounds like you're trying to purchase a primary residence then if I'm not mistaken? Hard to answer whether an offer letter would be accepted without knowing specifics. If you want to have a quick conversation about this feel free to schedule a call with me. Link is on my Instagram phillyrealestateboss
@dannyjamz23 2 жыл бұрын
Can you explain or make a video explaining the refi process pls sound super interesting came out awesome !
@equigflightgaracia8240 2 жыл бұрын
Lot needs to be level hydroponic shared garden food carts and nieghbirhoid bistros.
@dannydanny9875 4 жыл бұрын
A Home with 3 Floors? in Philly? That's Huuuge!
@kylegrimm 3 жыл бұрын
Your video was just recommended to me. Love it! I’m also an investor 🚀😎
@ritzaavila4440 3 жыл бұрын
Hi Kyle. Do you purchase rehab properties in Ashley, PA?
@bachirlahna8434 3 жыл бұрын
Could you please tell us where did you buy all the decorations? They look pretty
@RodneyRoss 3 жыл бұрын
I think it's a mix of places. My partner does most of the decorating, maybe we'll make a video about it 🤔
@HA-eu9ph 3 жыл бұрын
Great price. You killed it.
@RodneyRoss 3 жыл бұрын
Thanks for watching
@yvettewaters-albright7385 8 ай бұрын
Good job
@robinperryman6474 3 жыл бұрын
Aww man. Not an empty lot. Lol. I like the house though. So is the basement part of the first floor apartment? Theres no AC? Love the 2nd floor. Very nice. Good presentation.
@RodneyRoss 3 жыл бұрын
Yes the basement is part of the first floor apartment and the entire space is conditioned. Glad you like it 😀
@CallGojo 3 жыл бұрын
Just curious, how do you know which renovations will maximize the after repair value? Also, did you use a hard money lender to finance the rehab?
@NanaSoPrettyy 3 жыл бұрын
Hello I am a single mother and I’m looking for an affordable apartment. Do you have any ?
@werelaxnation9233 2 жыл бұрын
philly is full of opportunities espeically when it comes to real estate ive been living in philadelphia for over six yearsand i recomend if someone islooking for investment look more into south philly side since its way closer to city and very convinient to highways, trainstations and buses.
@francisramirez5541 3 жыл бұрын
Love your content you have a new subscriber
@RodneyRoss 3 жыл бұрын
Booyah!
@chadfungus 2 жыл бұрын
What contractor are you using?
@GloriaJacksonn 3 жыл бұрын
Awesome video Rodney! I just have a question about comps... what do you do when you can't find comps for duplexes during analysis? I'm looking at a possibly conversion now and trying to estimate ARV but can't find any comparable comps for duplexes in Philly.
@Blessed1994 2 жыл бұрын
Do you have any other properties no more than $600-750/monthly
@seanjefferson4006 3 жыл бұрын
Have You Heard Of The Term "Free & Clear"?
@trevegas 3 жыл бұрын
Do you have any rentals available today?
@denise8157 3 жыл бұрын
Very Nice!
@boogie1014 3 жыл бұрын
Hey Rodney. Who’s your contractor. I have a 1/1 in the Parkside area that I’m in the process of renovating.
@RodneyRoss 3 жыл бұрын
Hi Tahj, we're GCing most of our projects on our own now. Send me a DM though @phillyrealestateboss I may have someone for you.
@masheaodum7019 Жыл бұрын
how much more was it to resize the stairs?
@RodneyRoss Жыл бұрын
The cost varies but having a new set of stairs cut is something like $1200 for the wood and you also have to replace or cut some of the joists. Could be more theses days but that's what it was when we did this one
@MrVisa13 3 жыл бұрын
Nice apartments, to bad I cannot afford to move to one now, that I am relocating in Philly this month. I am content creator as well. If you need help with the editing or an advice of how to film. I would not mind helping out.
@RodneyRoss 3 жыл бұрын
Keep grinding and I'm sure you'll be able to afford whatever you want soon enough. There's plenty of space for good content creators to take market share right now.
@williamrentas9373 3 жыл бұрын
Get the paper work and keys ready
@shireenlanique 3 жыл бұрын
I wish I would’ve seen this
@RodneyRoss 3 жыл бұрын
There's more like it coming 😲
@shireenlanique 3 жыл бұрын
@@RodneyRoss I'm in the market of buying a duplex now I need to live rent free while I'm paying for school.
@RodneyRoss 3 жыл бұрын
@@shireenlanique Oh nice. If you need help finding one, send me a message on IG @Phillyrealestateboss
@pharaohimhotep6482 2 жыл бұрын
dangerous community, nice renovations, but that is a high, crime area.
@williamrentas9373 3 жыл бұрын
It's me his father i told him and said uncle knows about this property
@gabbyn.9850 2 жыл бұрын
Who was your contractor for this property??
@1AEROSOL.1PUFF Жыл бұрын
ANYTHING FOR A SENIOR GETTING $1100 A MONTH ?
@williamrentas9373 3 жыл бұрын
Uncle is the tenant
@leathelandlady 3 жыл бұрын
Good job! Did you rent it furnished?
@RodneyRoss 3 жыл бұрын
Thank you. And originally yes but then we went with long term tenants.
@leathelandlady 3 жыл бұрын
@@RodneyRoss nice!
@williamrentas9373 3 жыл бұрын
Remember
@williamrentas9373 3 жыл бұрын
We got proof
@williamrentas9373 3 жыл бұрын
It's me his father that is true
@Illmatic699 3 жыл бұрын
130k for a duplex rehad?! Wasnt expecting that
@RodneyRoss 3 жыл бұрын
The numbers add up when you're finishing basements, adding French drains, project goes longer than expected, etc
@jmck7766 3 жыл бұрын
@@RodneyRoss yeah it’s not really a crazy figure considering construction material is going up. I’m here in Texas and just did a $90k kitchen/dining room remodel
@ronron291 4 жыл бұрын
If ur strictly business down to the T.. this is a okay method.. hard to get rich tho... risk are really high.....
@williamrentas9373 3 жыл бұрын
Let's talk what i have plan for 💘 always your uncle
@ronron291 4 жыл бұрын
Love the white news caster voice. Good job.. non threat blk man....
@RodneyRoss 4 жыл бұрын
Did you learn anything from this video?
@joshblack5821 Жыл бұрын
@@RodneyRoss I hope so, because we didn't learn anything of any significance from his snide remark.
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