All Forum Posts by: Jak Dadi

We have 19 units in East Bay Area and are in contract for 9 units (4+5) in Philly. The 19 units in East Bay are basically 3 quads and a 7-plex. All of these props have been bank financed and we will continue to qualify for bank financing based on our credentials.  Our goal over the next couple of years is to have $500K in gross annual rent from stable properties  and need to add approx 20 units (if in Philly) to meet that goal.  I feel like we are leaving something on the table by doing regular bank financing. Especially with interest rates going up, how do we package our cash flowing properties to purchase more properties.  What would a smart/experienced/creativeinvestor do in our situation?  We are not gamblers but steady buy and hold investors with a goal of using the cash flow for our retirement and hopefully leave some assets for the next gen. Would love to hear about other options for financing/investing that the seasoned investors have exercised. Thank you in advance

thank you so much for getting back to me! will ping them next week!!

@Paulette Midgette  Thank you! Helpful!

@Account Closed can you pls pm me your contact info. I dont know how to pm on BP

@Paulette Midgette  Excellent and very informative posts...one quick question- how do I find out abt the city's plans on developing a particular neighborhood in Philly. I am particularly interested in improvements neat Temple Hospital (W Tioga St)..is there a website or a number to call?

how do you pm a person on BP?

@Jim Hogan, hi, I am looking for a commercial lender for a couple of prop in Philly. Can you share the info on First resource bank pls? Thank you

Hello fellow BP investors

There is a legal triplex rented as a 6 unit. This will require rezoning to qualify for financing.. the property is located in Philly. Is anyone familiar with the process. Who do I contact to get the info in the city. Will there be any back tax implications or anything else I need to be aware of! 

Any inputs will be appreciated!

Ami

I spent the weekend in Philly getting a sense of a few of the neighborhoods. There is one particular property that I liked but it has a boarded multistorey right across it. Who can I call to get an update on development plans for the boarded property or the neighborhood in general?

Hi, I am up in Philly looking at properties. There is one particular property that has a huge boarded building across it. How do I find out about the plans that may have been submitted to the city for renovation of the boarded multi storey building? Who do I call? Ami