Build Generational Wealth Through Real Estate
We believe in transparent, disciplined, and community-driven investing. Our process is designed to simplify investing while maximizing returns, giving you the opportunity to create long-term security and a lasting legacy for your family.
Nicholas Davis
Nicholas Davis is a Philadelphia-based real estate investor, licensed general contractor, and Pennsylvania real estate agent with a passion for building generational wealth through real estate. With years of hands-on experience in full-gut renovations, property management, and strategic investments, Nicholas founded NRD REAL ESTATE in 2020 to help transform undervalued properties into lasting assets that strengthen families and communities. His approach combines local market knowledge, disciplined execution, and a commitment to transparency—ensuring every project is built on trust, quality, and long-term value.
Licensed & Insured
General Contractor (PA157631, NJ13VH13356400)
Licensed in Pennsylvania and New Jersey with extensive experience managing full renovations and construction projects.
Real Estate Expertise
Pennsylvania Real Estate Agent (eXp Realty)
Brings deep market insight and construction knowledge to identify, analyze, and execute profitable real estate opportunities.
Investor & Developer
Residential and Multi-Family Projects
Focuses on acquiring and redeveloping properties that balance profitability with long-term neighborhood value.
Community Focused
Building Value Through Impact
Committed to revitalizing neighborhoods and helping families grow wealth through sustainable real estate development.
Our Process
We turn complex renovations into a straightforward journey for our partners, simplifying the process while maximizing results.
Sign Paperwork
We begin by preparing and signing the necessary agreements so expectations, timelines, and responsibilities are clear from day one.
Find the Property
Next, we leverage our market expertise to identify the right property—whether it’s a 1031 exchange exit strategy, flip, or long-term hold—that aligns with your goals.
Fix the Property
Our team manages renovations from start to finish, coordinating licensed contractors and ensuring every detail meets our quality standards.
Sell or Hold
Once the project is complete, we guide the sale or rental process, helping you maximize returns while keeping everything smooth and transparent.
Four clear steps up front, countless moving parts underneath—handled by us...so you don’t have to.
Where We Invest
Discover the areas where we focuses its efforts, bringing value to communities and maximizing investment opportunities
Philadelphia County
Most our deals are in this area
We operate in neighborhoods throughout the city, from Center City to West and South Philadelphia
Bucks County
Diverse locations
From historic towns to modern developments, we serve a range of areas throughout Bucks County
Montgomery County
Suburban communities
We bring our construction expertise to suburban neighborhoods and growing communities in Montgomery County
Delaware County
Expanding markets
We provide quality construction solutions across Delco, from urban hubs to peaceful suburbs
Licensed, Insured, and Ready to Build With You
Join forces with a trusted real estate investor, licensed contractor, and agent. We help identify profitable deals, manage renovations, and create long-term value for buyers, sellers, and investors. Together, we can grow stronger, scale faster, and unlock new opportunities in real estate.
Association and Tools We Work With
How Costs Are Structured
We believe in transparency. Here’s how NRD REAL ESTATE charges for services when partnering on real estate projects. These fees cover professional services and ensure projects are managed effectively.
Real Estate Agent Representation
Agent represents the LLC for both acquisitions and sales.
| Service | Structure | Fee |
|---|---|---|
| Buyer’s Agent | Agent represents the LLC when purchasing | 3% of purchase price |
| Listing Agent | Agent lists and sells the property after renovation | 3% of sale price |
Lending Facilitation (Truly Investor Capital)
NRD REAL ESTATE coordinates financing with our lending partners to secure capital for acquisitions and renovations.
| Service | Structure | Fee |
|---|---|---|
| Loan Referral | Connecting the LLC with approved lenders | 1.5% of loan amount (paid at closing) |
Construction & Project Management
NRD REAL ESTATE oversees the entire renovation process, from permitting and contractor coordination to final delivery.
| Service | Structure | Fee |
|---|---|---|
| General Contracting | NRD REAL ESTATE acts as GC and coordinates subcontractors | 8% of total project costs (depending on scope) |
| Project Management | Budget tracking, scheduling, draw requests, compliance | 2% – 3% of total project costs (or included in GC % depending on scope) |
Administrative & Legal Setup
NRD REAL ESTATE organizes LLC filings, legal agreements, and back-office support to structure the partnership properly.
| Service | Structure | Fee |
|---|---|---|
| Entity Setup & Documentation | LLC formation, operating agreements, any documentation preparation | Flat $500 – $1,000 per project |
Clear and transparent examples to help you understand real estate investing — built on simple formulas like the 70% Rule and Net Operating Income (NOI).
Example 1: Fix & Flip on a $300,000 Home
Using the 70% Rule, we calculate the maximum offer to make sure the deal is profitable and safe.
- After Repair Value (ARV): $300,000
- Construction Cost: $60,000
- Max Purchase Price (70% Rule): ($300,000 × 70%) – $60,000 = $150,000
- Investor invests $150,000, gets it back at resale, plus profit
Example 2: Larger Rehab on a $700,000 Home
Even with bigger renovations, the formula protects investor capital.
- After Repair Value (ARV): $700,000
- Construction Cost: $150,000
- Max Purchase Price (70% Rule): ($400,000 × 70%) – $150,000 = $490,000
- Investor invests $490,000, gets it back at resale, plus profit
Example 3: BRRRR Strategy on a $350,000 Home
With BRRRR, the investor not only gets capital back but keeps equity for long-term wealth.
- After Repair Value (ARV): $350,000
- Construction Cost: $100,000
- Max Purchase Price (70% Rule): ($350,000 × 70%) – $100,000 = $145,000
- Investor invests $145,000, refinances after rehab to pull capital back, keeps property + cash flow
Partnership & Investment Documentation
Access the core documents that explain how we partner, structure deals, and work with funding sources. These resources are designed to give you clarity and confidence before moving forward.
Get Started Guide
First steps for new partners
An overview of how our partnership process works, what to expect in the first 30 days, and the documents you’ll need to review and sign.
Joint Venture Agreement
Roles, responsibilities, and profit splits
Details how capital is contributed, how NRD REAL ESTATE manages the project, how profits are split (e.g., 60/40), and what protections are in place for both parties.
Truly Investor Capital Loan Process
Funding overview
Step-by-step explanation of how rehab loans work, including origination fees, interest rates, and how construction draws are handled.
Return on investment
Lifecycle of a deal
Walks through the entire funding cycle: capital in, rehab, refinance or sale, and distribution. Includes easy examples showing how capital returns to you plus profit, and how the process repeats deal after deal.
Real Estate Definitions
Key terms explained
Simple definitions of common real estate and investment terms like ARV, MAO, NOI, cap rate, and the 70% rule so partners can follow along confidently.
LLC Documents
Ownership & structure
Explains how the LLC is formed for each project, member roles, operating agreements, and how ownership interests are recorded and protected.
Cost & Fee Structure
Transparency on NRD REAL ESTATE’s role
Outlines realtor commissions, general contracting/project management fees, lending facilitation, and administrative setup costs so you know exactly how costs are structured.
Disclosures
Transparency & compliance
Important disclosures covering risks, conflicts of interest, and other considerations. Designed to ensure full transparency and compliance with legal standards.
Frequently Asked Questions
Quick answers to common inquiries about our services and real estate. Reach out for more information.
Are these individual or group of partnerships?
We work with both individual investors and groups, tailoring our services to meet the specific needs of each partnership. However, in this case we focus on individual partnerships at this time.
What is the 70% Rule?
A quick way to set a safe maximum purchase price (MAO) for flips: MAO = (After-Repair Value × 70%) − Estimated Renovation Cost. Example: If ARV is $300k and reno is $60k, MAO = ($300k × 0.70) − $60k = $150k.
What is Net Operating Income (NOI)?
NOI = Rental Income − Operating Expenses (taxes, insurance, maintenance, management, utilities you pay). It excludes mortgage principal/interest and capital expenditures. We use NOI to value rentals and stress-test cash flow.
What are NRD REAL ESTATE’s fees?
Transparent and aligned: (1) Real Estate Agent: 3% (buy and/or sell), (2) Lending Facilitation (Truly Investor Capital): 1.5% of loan amount, (3) General Contracting/Project Management: 8% of total project costs depending on scope, (4) Admin/Setup: flat $500–$1,500.
Do fees change from partner to partner?
Core ranges are consistent, but exact percentages can vary by project size, complexity, and scope. We finalize the exact fee within the Joint Venture (JV) agreement before we buy.
How does funding through Truly Investor Capital work?
We secure a short-term rehab loan (purchase + construction). NRD REAL ESTATE coordinates the term sheet, appraisal, budget, and draw process. Typical costs include a lender origination fee, interest during the project, and per-draw inspection fees.
Who brings capital and who manages the project?
Partners typically provide capital (down payment, closing costs, reserves). NRD REAL ESTATE manages acquisition, permits, GC, schedules, inspections, and the sale. Roles and splits are written into the JV agreement.
How do construction draws work?
We pay contractors from reserves, then request a lender draw with photos/inspections to reimburse the project account. We batch draws to reduce $150–$250 per-draw fees and keep a lien-waiver trail for protection.
What is the typical timeline?
A standard full-gut flip is ~6–9 months end-to-end (acquisition, permits, rehab, listing, sale). Larger rehabs or market delays can extend timelines; we plan buffers in the budget.
How are profits split?
After paying lender payoff, closing costs, and approved fees, member loans are repaid, then net profit is split per the JV (e.g., 60% Partner / 40% NRD REAL ESTATE). This priority order (the “waterfall”) is defined up front.
Do I get my initial investment back?
Yes—if the deal performs as underwritten. Your capital is returned from sale or refinance proceeds before profits are split. In BRRRR, cash-out refinance can return most or all capital while you keep ownership.
What risks should I understand?
Renovation surprises, permit delays, interest rate moves, and market shifts (comps, days-on-market). We mitigate with conservative MAO (70% Rule), contingency in budgets, vetted contractors, and clear draw controls.
Can we use a 1031 exchange?
Potentially for flips that qualify as investments (not inventory). This is tax-sensitive—timelines and intent matter. We help you coordinate with your CPA and a qualified intermediary before closing.
How do we pick neighborhoods and comps?
We underwrite using recent comparable sales, neighborhood class, renovation level, and projected days-on-market. We also model worst-case scenarios to protect capital.
What reporting do I receive?
Monthly (if requested): budget vs. actual, cost-to-complete, draw log, bank reconciliation, and photo updates. You’ll have shared access to key files and progress.
What happens if there’s a budget overrun?
We allow a small manager overrun within limits for speed; larger changes require both parties’ consent. All changes are documented via change orders and reflected in the budget.
Ready to Get Started?
Take the first step toward partnering with NRD REAL ESTATE. Whether you're looking to co-invest, explore joint ventures, or learn how our proven systems work, we’re here to guide you. Let’s build wealth together through clear strategies, managed renovations, and transparent partnerships.
Association and Tools We Work With
