All Forum Posts by: Jordan M.

Hey BP - Does anyone have a reputable home inspector that works in Montgomery County? To be more specific, the property is located in Pottstown. The guy I was going to use had to bail last minute. 

Thanks in advance!

Hi Jon - I am in the process of closing a deal in Pottstown at the moment and found my realtor to be a huge help. Let me know if you want his contact info.

I submitted this yesterday but I think I may have posted in the wrong forum so here is my second attempt....

After a long hiatus I am finally back in the market for my first investment property. I have been pre-approved for a loan and begun my search. While doing so, I came across a property located in Pottstown that almost seems to good to be true so I was hoping to get some feedback on the Pottstown rental market. I recall reading that this area could be tricky while conducting research last year but now I am looking to validate my thoughts.

I tried to search but nothing turned up. Does anyone have any insights, experiences or just general comments they want to share? Thanks in advance

Hey BP! After a long hiatus I am finally back in the market for my first investment property. I have been pre-approved for a loan and begun my search. While doing so, I came across a property located in Pottstown that almost seems to good to be true so I was hoping to get some feedback on the Pottstown rental market. I recall reading that this area could be tricky while conducting research last year but now I am looking to validate my thoughts. 

I tried to search but nothing turned up. Does anyone have any insights, experiences or just general comments they want to share? Thanks in advance.

Everything looks great! I haven't been a member long but these are great enhancements.

Thanks, Matthew Paul Max Tanenbaum and Don Konipol That all makes complete sense. I knew the NE would be hard. Luckily that is my second choice right now. I just had to ask because it had me thinking.

Almost every duplex I see for sale in the far northeast has been in this range. When I run the numbers, they always come out with negative cash flow. How are people making these work? 

I have checked my proposed rents in Rent-o-Meter and even when I push the ceiling, I still come out with a negative monthly cash flow...

Are these properties just over priced? I know my spreadsheet works so this just sounds crazy to me. Thoughts? Experiences?

Originally posted by @Brian D.:

So cash flow before taxes of $26.50/month.

I agree with a fellow poster, is this worth it to you? I am going through the same process as you and my goal is to get as close as I can to $100/door. To me, that is what makes my time and energy worth it. Just my $0.02. Good luck.

@Brent Coombs, I have contacted my mortgage guy. Once I hear back I will post an update.

Thanks, @Eric E.! That is kind of what I was thinking but again, I was curious to hear what is actually happening. Any other experiences from the BP community?