All Forum Posts by: Anthony Hom

@Joe S.

I invest in Genesee County, MI. I've been able to get city owned homes and update all the essentials; roof, plumbing, electrical and service the HVAC for 3 bed 1 bath houses that rent for $700-800. Not war zones. I've lived in these neighborhoods. You can send me a message if you'd like to talk.

Anthony,

    I wanted to take some time to research more into your question. I was able to speak to a gentlemen named Greg who works with Reading City Building Inspections. He stated " We are here to assure to the tenants safety is being looked after by the landlords" Pass reputations of previous landlords who came through have left a sour taste on the cities mouth forcing them to take action and implement more strict measures. They still experience negligence but have been able to curve a lot of it.

     Another thing to keep in mind is unless manufacturing comes back from overseas and we stop importing a lot of goods and services Reading will maintain its current track record. The city has the potential to be a manufacturing machine if the circumstances improve. There are hardly any jobs in the city the main reason why the cities housing is so cheap.     

@Anthony Hom. Honestly it’s been quit the opposite they been paying early. I’m pretty shocked

@Anthony Hom

HELLO Joshua I heard that the city inspections are a killer deal to landlords. I don't know if thats really true. I would like to hear your input about it. 

I am very familiar with the area, being I live so close but not in the city. I strongly suggest focusing on West reading area better overall and safer emphasis on safer or near temple. Stay away from 8th to 13th street. Hope it helps and please feel free to message me on questions I do not mind helping. ( Not my area of interest so no conflict for me 

O okay wow it’s a perfect time to renegotiate a lower price 

@Anthony Hom hmmm hey what’s up Anthony it’s a good buy depending on what you want to do with it . Its in decent part of the city and if you screen your tenants correctly you can have unlimited cash flow . I just check out the property and at 50k with a light renovation arv around 75-85. To be conservative, keep me posted because I have a few rentals in the area , reading pa the best keep secrets

hey i have pull out of the unit because of too many upgrades that i would have to do.