All Forum Posts by: Joel Bonilla

Haven’t looked too much in mt. Airy but the taxes in the Montgomery and bucks county areas kind of kill the deal if you’re only putting 3.5-5% down and tacking pmi on top of taxes, vacancy, cap ex, and repairs not to mention if you don’t self manage later. In the north east they are kind of looking for an arm and a leg on 2+2 duplexes where the $900 rents don’t work. Just keep an eye out or have an agent let you know of any new listing especially especially 3-4units bc that’s where I generally see the numbers make the most sense. It took me about 6 months of looking everyday and seeing a few properties to find a deal that made sense to house hack where I could live for free.

Great post. What neighborhoods in philly are you pursuing rentals in? 

@Matt Tallent ran across this thread looking for options on a property I’m under contract for in Philly and found that Philadelphia has a program the water and sewage line protection program. It looks to be about 10 bucks a month and was started in 2018. I haven’t gotten to dig any deeper into the program. But I hope this helps.

http://www.philaenergy.org/programs-initiatives/water-and-sewer-line-protection-program/

https://youtu.be/dFuYUz1jNIg