All Forum Posts by: Cindy Gerson

Wow, that is rough and I can see, how not living there this might have been missed. Please let me know how this winds up for you, is anyone responsible. Since it was an estate does this change your status?

Hi, What township are we talking about?

I'm no expert, as am just now getting up to speed and evaluating multifamilies. I have made 2 offers, but I don't own one yet. That said, I think this is a deal. I can't come close to these numbers where I live. I think you should be up about $700 /mo. (excluding reno). The interest rate is awful. I was just quoted 4%.

Do you have the cash for the renovations?

Good luck! I'll follow the tread to see what others will say.

Are you saying you can buy this for $75K?

Butcher block is high maintenance and easily destroyed. I would not recommend in a rental, you'll be kicking yourself next year when you have to replace it again.

 Thank you for sharing, I'm playing with your system on the stack of Multi's in front of me.

Hi @Tyler Von Harz,

Welcome to BP!

HI Marc,

Hang in there and be conservative. There are people out there investing in Pottstown. I was on Chestnut and King Sts a couple of weeks ago looking around. I saw a couple of projects happening on Chestnut. The property on King I looked at is now under contract. Drive around and try to find a crew working, that might be the crew for you too.  I spoke with a restaurant owner who lives there and he actually gave me a positive vibe, this is not a short term investment, as there are still quite a few properties that are underwater.

BUT, 10 years from now you might look back and think that was the buy of the century.  

Hi Seth, Thanks for posting, I had the same question.

Keep us posted Percy N.