All Forum Posts by: Bhanu Kuna

@Corby Goade thanks for the advice. I'll definitely try this when I talk to my next agent

Does anyone have any tips on finding an investor friendly agent? I'm starting the search in the Philadelphia area and Cumberland County and I'd in trying to figure out the best way to find one. Is it just a matter of grinding it out?

Hi Everyone!

I've started teaching out to those in my network to gauge interest in partnering and investing with me. I'm very curious as to what terms you offer investors in a deal? Partners? Is it a flat interest rate? Do you offer a a split of the cash flow? Under what scenarios would you offer which terms?

Hopefully not too many questions. I want to document these options so I can better systemize my investors process long term.

As always any feedback is greatly appreciated!

Regards.

Bhanu

I read the same thing about Philly tax abatements being phased out. I don't think that'll have a tremendous impact. Jersey City took similar actions with their tax abatements program and it didn't really slow down construction downtown. 

Can't really provide educated commentary about reduction in real estate taxes in those counties. However, I wouldn't bet on the reduction. Hard to imagine local municipalities willingly giving up a primary revenue stream.

@Stephen J Davis that would be great! Looking forward to reading the questions.

Hi Everyone!

I'm currently networking and building my core 4 and looking for a property manager in the Philadelphia area. Does anyone have any experience with Bay Property Management group in Philadelphia? If not, any other recommendations?

Thanks so much,

Bhanu

@David Lee Hall, III thanks for the referral. I'll try get in touch and vet them to see if or business goals align.

@Sheryl Sitman thanks for the commentary! I picked these after looking for areas with low crime, easy access to highways, and mass transit. Also, on the surface, many properties look like they'll cashflow per 1% rule. Many properties are also significantly distressed and have lots of modernization opportunities.

@Robert Stranix I have a background in consumer lending so I think there might be other options out there for lending at this price point. Have you tried getting a personal line of credit? Or personal loan from lending tree? Most likely you wouldn't get a fixed 30 year term but the numbers might still work in you favor to build cashflow.

@David Krulac thanks for the guidance! I'll hop online and research Cumberland county. I'll try to see if the opportunities make sense for my goals!

Appreciate the information Ryan! It sounds like it will streamline many tasks for those that decided to self manage. 

I wonder if anyone has tried to blend the the software with a part time property manager for emergency requests and leasing to reduce costs?