Quantum Builders LLC

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.

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.

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….

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

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.

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

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.

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

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

Every once in  a while something happens in this video poor Leon hust his pinky. Enjoy

Weekend update, NOT, we havn’t done this update in a while, been busy. So just to remind you this is a triplex owned by a Phildelphia based investor. This property when completed will feature a one bedroom apartment, an efficiency apartment and a multi-level two bedroom apartment. We predict this property will cash flow more than $$$$ when fully rented and we already have someone working on finding tenants.

Checkout the update