The Generation Effect Can Bring You Generational Wealth
"It's not personal. It's just business"
A home is a business that you enjoy living in. If you don't treat it like one, you'll eventually lose it. (Unless you're really rich)
Propper Homes and The Green Lyne are collections of services that can help you create a successful rental business, no matter what your experiences or current circumstances are. A "Mom & Pop" business where you live over "the store".
The core principle is that a "market-value" rent in places like North Philly will carry a mortgage for a building that can have substantially higher quality than where you live now.
For example, let's say that you perform the role of "Project Manager" for a rowhouse rehab. You don't really have to know much about construction, just when to hire who.
Your building will be incorporated and its floor plan will include rooms or apartments to rent. (You can start to pay rent to yourself or rent out the whole place and be a landlord) That projected business income will help you get financing for your project.
There are three types of floor plans at 'DEMOs'. Click on any of them to reveal their approximate expenses. The rental income figures used are "market-value" for North Philadelphia.
Typical Construction ScheduleThe order of major rehab jobs follows.
Those with an '*' are optional.
Plumbing and/or electrical jobs can be contracted with single contractors or with one for "rough" and another for "finish"
Using a private inspector before closing walls provides an independent record of the quality that you have paid for.
Select Rough Floor Plan
Obtain Loan Pre-Approval*
Place Over-Sized Features in Approximate Final Locations (Furnace, Cast Iron Tub, etc)
Install Exterior Doors/Windows
Install Rough Plumbing
Install Rough Electrical
Use a Private Inspector*
Install Sheetrock or Plaster
Install Interior Woodwork
Install Plumbing Fixtures
Paint Interior Walls & Ceilings
Install Appliances and Electrical Switches, Fixtures, etc.
Install Carpeting, Flooring