All Forum Posts by: Dave Shellenberger

Another west grove guy here!

@James Masotti Thank you sir. I wonder if this is a new rule? We haven’t ran into this situation with the SFH we have owned in the city for 4 years now...

Looking for Wilmington DE multi-family landlords. I was informed by a landlord that the city is mandating him to have his property manager reside within city limits... He was self managing from a neighboring state and they said no..... is this their normal practice? Or was this landlord mistaken? Or just a problem for them? I owe SFH rentals inside the city and haven’t heard of this, so I thought I’d ask... Thanks

We are purchasing a multi with plenty of space to incorporate a coin op laundry machines. This is our first attempt with laundry. I’m looking for suggestions in a couple areas. 1- best Machines to use. Dependability and low maintenance preferred 2-change machine necessary? 3- vending machine with soaps/etc worth the time and effort? This area will be servicing 3- 3 bedroom units. There is also a adjourning 5 unit I may invite access

Question- how is this profitable, when your not paying/up to date on the property taxes?

Nice. Make it happen!

when is the next one?

ikea is garbage.

Search for local dealers selling Wolf classic cabinetry in your area. The Saginaw series is their basic model that is built decently. That’s a small kitchen and shouldn’t break the bank.

welcome. A lot of stuff going on, in and around Delco/Philly! Do you want to be a landlord?

Here's the situation.

I have the opportunity to build a new construction home with a builder that does a lot of renovation work with me on my rental properties- to get into the deal with him I need 75k by Jan 8th for the lot. He is footing the build $$.

Lot cost is 150, built cost is 350-375. Resell of the new construction is 700.  

I have a couple of projects going on and won't have the cash in the bank by Jan 8. I do have about 25k, but I'm looking for 55-70k for the project. I don't want to deplete all of my own cash. I've asked some close family/friends and due to the timeline they are not liquid for the $$ in that timeframe. 

If you were in this situation when should I look for reliable-reasonable $$. Personal line of credit from a local bank? Thinking about 1 year timeline with the $$, due to weather/etc.

Excellent credit, 75k job, 15 rental properties throwing $3000.00 a month in cash flow to me(I own these with a partner)

What do you think?