Quantum Builders LLC

5 Tips for Selecting a Contractor For Your Real Estate Investing team

Vic — Mon, 04 Jan 2010 23:21:38 +0000

This is a 1st of a 5 part post (one every other day) that will examine how to find a contractor for your real estate investing team. Picking teaming members is very important for a number of reasons and you need all types of team members but the one team member many people struggle with is finding a contractor.

We believe that a contractor is like a partner while the property is being rehabbed, because your contractor will be making decisions (sometime with your input and sometimes without) that can effect your investment and your profits. So picking a competent contractor is important and picking one that has experience has an investor maybe more helpful. Anyway here is the 1st tip.

1. Don’t select a contractor based solely on price.
In this world you get what you pay for. Many times my company has been asked to bail out an investor because his contractor was unable to do the work he agreed to do.

One of the biggest problems with choosing a contractor based on price is the level of both his subs and other labor. If the contractor is the lowest price, he is probably using sub-contractors and laborers that reflect his pricing which costs you both money and time in the long run.

So thats the first tip, look for the others.

Be success

5 Tips for Selecting a Contractor For Your Real Estate Investing team is a post from: Quantum Builders LLC

Changes in Appraisals are Hurting the Local Philadelphia Real Estate Market

Vic — Sat, 02 Jan 2010 18:24:28 +0000

I recently saw this article about appraisals. The basic idea is that appraisal rules where changed in the boom market to prevent abuse and now those changes are hurting appraisals in this market. The rules where created to isolate appraisers from the influence of real estate pros like brokers, lenders etc.

During the boom times, real estate pros often exerted pressure on appraisers to give good appraisals to prevent deals from failing.

In the down market the rule change created a problem. To insulate themselves from lawsuits, lenders are ordering appraisals from appraisal management companies. These companies isolate banks from individual appraisers and reduce the risk of lawsuits.

Because these appraisal management companies are often national, they don’t have appraisers in every area so the appraisals are often NOT reflecting the local real estate market.

Read more to and know in advance if your lender is using an appraisal management company.

Changes in Appraisals are Hurting the Local Philadelphia Real Estate Market is a post from: Quantum Builders LLC

Giving back to the Philadelphia community for the Holidays.

Vic — Mon, 28 Dec 2009 17:45:00 +0000

Everyone knows the holidays are a great time to give back and share your knowledge and experience with the next generation. Friday , Wendy, Leon and I had the pleasure of talking to the next generation of Philadelphia contractors. We walked them through one of our projects on a class trip and talked to them about the business of contracting. There are some great lessons in this video for them and for you. Please leave a comment.. Happy holidays.

Click here to view the embedded video.

Giving back to the Philadelphia community for the Holidays. is a post from: Quantum Builders LLC

Quantum Builders Gives Back to the Philadelphia Community for the Holidays

Vic — Mon, 28 Dec 2009 17:36:19 +0000

During this time of year it is important to reach back and help. We are giving back everyday by training the youth to strive to be better as contractors, as businessmen and as leaders. Here’s how….

Click here to view the embedded video.

Quantum Builders Gives Back to the Philadelphia Community for the Holidays is a post from: Quantum Builders LLC

Testimonial From A Quantum Customer – Philadelphia Rehab Success

Vic — Mon, 15 Jun 2009 22:41:38 +0000

We finished his project on 55th st a while ago, but its always nice to post a testimonial.

Testimonial From A Quantum Customer – Philadelphia Rehab Success is a post from: Quantum Builders LLC

One of Our Investors Made 15k in hours.

Vic — Sat, 13 Jun 2009 18:56:34 +0000

If you remember some of our very first videos where about a flip we where rehabbing. If you recall it was on Locust St, the property had no 1st or 2nd floor in the back and the wall was falling down in the back as also. Well, since then, the property has been completely rehabbed and sold to a new home buyer and our investor made 15k. John was smart, he hired a great team, managed the deal but let our team get him success.

So, here is PT 1 of John in is own words about how he was able to make 15k in hours.

One of Our Investors Made 15k in hours. is a post from: Quantum Builders LLC

Temple University Student Housing.. Available Now

Vic — Fri, 27 Mar 2009 17:54:06 +0000

Temple University Student Housing
The owner is looking to get into apartment buildings and is liquidating his portfolio. This property is an awesome cashflowing property with almost $1,000 a month in CASHFLOW and over $220,000 in EQUITY. Buy this property for almost half its Value.

Address
1736 N Gratz St.
Philadelphia, PA 19121

Cross Street
Montgomery

Deal Type
Single Family

Settlement Date
4/30/2009

After Repair Value
$400,000

Purchase Price
$210,000

Rehab Price
$0

Assignment Fee
$12,000

Net Profit
$11,793

Annualized Return
19.1800%

Status
AVAILABLE

Temple University Student Housing.. Available Now is a post from: Quantum Builders LLC

The Power of having a great team in Investing

Vic — Mon, 16 Feb 2009 12:39:48 +0000

This is Vic. I have this video of Dwight talking about investing, how to invest, whether to go to a class, how to build a team and more. Dwight rarely allows me to post his videos, I’ll catch hell for this but enjoy. I’ll take the hit from Dwight

Click here to view the embedded video.

The Power of having a great team in Investing is a post from: Quantum Builders LLC

Happy Quatum Builders Real Estate Investor. Gets tenant to spend almost double in rent

Vic — Fri, 13 Feb 2009 20:01:06 +0000

Real Estate Investing is a team sport and the most successful real estate investors build teams they trust. Dr Jose Ruiz is an investor that understands teams and his role in building and managing a team. Dr Ruiz decided to focus on his strength (raising money) and let his team focus on rehabbing and finding tenants for his tenants. His choice of a team was Quantum Builders and we are pleased that he chose us.

Together, Dr Ruiz and Quantum completed on time and on budget a rehabbed duplex that is now ready for rent. Here is our final rehab with Dr Ruiz before tenants move into his new cashflow producing investment. Dr Ruiz’s property is now rented, all utilities are separated and a tenant moves in next week. The original monthly rent was $750 but instead we found a tenant willing to pay $1250 a month.

Click here to view the embedded video.

Also if you remember this duplex started when Victor & Leon where looking at properties in a hurricane. Checkout the begginning

Click here to view the embedded video.

Happy Quatum Builders Real Estate Investor. Gets tenant to spend almost double in rent is a post from: Quantum Builders LLC

Vic — Sun, 28 Dec 2008 00:02:39 +0000

West Philly Triplex Rehab

This is a punchlist ready West Philly triplex. We are about done, it is ready for rental.

Check out oure rehab and the systems we use to ensure investors make money

is a post from: Quantum Builders LLC