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All Forum Posts by: Dewain J.

Dewain J. has started 23 posts and replied 87 times.

Post: RE: Trash Collection (Philadelphia)

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

Thanks a lot @Account Closed. I was able to negotiate it from 3 to 2 years, which is a little more to my liking, thanks for the tip for the auto renewal. That's major!

Post: RE: Trash Collection (Philadelphia)

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

I'm currently getting quotes from trash collection companies in Philadelphia for a multi-family property I have. I've gotten a few quotes, but all companies required a 3 year commitment. Is this the industry standard? Any recommendations for companies who have provided a good experience? 

Post: Owner occupied property

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

How did you buy the property? Did you gain financing or give the impression during the acquisition that you would be the only person living there? 

How man units are there? 

Post: Told Cash Out Refi for Investment Property not available in PA

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27
Doubling down on pfcu.

Post: To paint or not to paint?

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

@William Hochstedler @Erin Margaret @Mike H.

Thanks for the detailed responses. That was my gut feeling, but was making sure I wasn't just being cheap lol. Think I'll look into the pressure washing some and if that's reasonably priced leave it at that. 

Post: To paint or not to paint?

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

This is picture, (names have been removed to protect the innocent lol). 

@Luc Boiron @Brandon Battle

Post: Security deosit paid by an agency in Philly

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

@Jeff B. Your file isn't working for some reason. 

Post: To paint or not to paint?

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

I recently purchased a 6 unit property, and should have all the units leased up in the next couple of weeks. I purchased using a combination of my own cash and some hard money, and have put in around 80k worth of rehab costs. 

I'm looking to refinance as soon as it's occupied, and use that to pay off my hard money lender and some credit card debt. Obviously I want the property to appraise for as much as possible because of this. 

That being said initially I had planned to power wash and paint the exterior of the building, but some unexpected expenses came up, and it also filled with tenants faster than expected, so I the state of the exterior paint wasn't a deterrent to tenants. My question is, would painting the exterior be beneficial to the appraisal value? Is it worth it to the tune of 7k-10k in painting costs? 

PFCU is a good move. I've had success with them so far. 

Post: Getting the Equity Out.

Dewain J.Posted
  • Investor
  • Philadelphia, PA
  • Posts 87
  • Votes 27

Try a credit union. PFCU is a good start.