All Forum Posts by: Cesar Tamayo

Contact Sun Federal Credit Union.  I know others who have done refis with them with no seasoning.  The only thing is that they want to you open a checking account and bank with them.  Not a huge deal since you're going to want to build a good relationship with this type of lender anyway.  Good luck!

@Lana Lee I don't know for certain but I would assume so.  Reading has a historic district and given how strict they are with non-historic district properties, I would feel pretty confident that they have some sort of special costs with these properties.  

What I would suggest is calling the Property Maintenance department and ask about a particular property or area and see what they say.  They have been helpful with those types of questions in my experience.  

Hi @Dan Webster.  Welcome to Reading!  I have lived in Berks County almost all my life.  Given your focus, I'd say you may want to look at investing in properties in the city.  You can purchase at a fairly low cost and they tend to cash flow well if you manage them appropriately.  The trade off is higher turnover.  You will likely have vacancies more often than if you were to invest outside of the city limits.  It's all a matter of how active or passive you want to be with your properties. 

Also, there is a Berks County REI Meetup every first Wednesday of the month that you should come too. There are a lot of local investors there that you can network with!

Best of luck!

Hey @Matt Daley,

I'm an investor in the Reading/Berks area. I can say that I would not consider Reading to be investor friendly.  Based on surrounding municipalities, I think the taxes and fees are higher and they property maintenance department is very strict.  While strict is good, I feel like they look for ways to charge you for everthing they can.  So my advice is to make sure you factor those costs in and make sure you allocate at least 10-15% of your cashflow each month for maintenance and keep up with it.

There is a local meetup the first Wednesday of each month that has about 100 regular attendees.  I would highly recommend coming to that.  There are plenty of landlords there including myself that are willing to share stories.

Oh man.  Sooooo looking forward to this one!

Investor starter pack?  What?  Sign me up!

@April Crossley These Meetups are always great! Looking forward to this one!

 Ryan, what D4D apps do you use?  

Welcome @Steve Oxenreider! I am an investor in Berks county. If you're looking to network with other local investors, there's no better place than the Berks REI Meetup: https://www.meetup.com/Berks-County-Real-Estate-In...

Always a ton of great information and great people.  Hope to see you there!

@AK Fowler I won't be able to make the next meetup but i hope to catch you at the next one!