All Forum Posts by: Johnathan Cummings

Hello All, I have a client asking if they could buy a portfolio of 5 properties (at a "packaged deal" rate) and sell off two of them to recoup some of the initial down money needed to buy them. I haven't done anything like that before but figured I would ask. Seems to me it would be a bit complicated with any sort of lending. I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them? Any advice is welcome.

Hello all! Was wondering if I could turn one of my spaces into an assisted living multi-tenant facility as it’s in a great area for it and can be changed with a reasonable rehab. I’m not sure all of the regulations/rules to this in PA though. Anyone that could point me in the right direction or give any advice I’d love to hear, thanks!

Hello all! Was wondering if I could turn one of my spaces into an assisted living multi-tenant facility as it’s in a great area for it and can be changed with a reasonable rehab. I’m not sure all of the regulations/rules to this in PA though. Anyone that could point me in the right direction or give any advice I’d love to hear, thanks!

I have someone looking to sell a property in Easton near Lafayette college. It's a 3BR 2BA home and I was thinking of doing student rentals as it's close to the university and makes sense as a student rental. My question is for anyone that does student housing in the Easton PA. Not something I typically get involved with so was curious as to what rent/room is in the area. Any advice is welcome.

All very good points, I brought this up initially because I didn’t want to do something illegal or immoral, not my intent. I appreciate the feedback

Thanks Brandon!

Hey Scott,  thank you for the information, I appreciate your response. You bring up a really valid point!

Thanks Brady, I appreciate the additional details about protecting myself from the due on sale clause. I guess the issue I have is I have no paperwork that I can use to do this properly, will need to consult a local attorney to draft something.

Understood, this make a lot of sense. As a buyer, it doesn’t seem like a whole lot of risk from what you’re saying.

 Thank you for the response, I’ll definitely take a look. I appreciate it!