All Forum Posts by: Joseph ODonovan

@Louis D Trejo Just out of curiosity, is it in the Temple University area?

Check out Spina and Company, LLC. www.spinacpa.com I have known Joe Spina professionally for over 10 years and his office does a great job as they offer various services.

@Susan Lisman, @J Scott was right on. I just had a "Drain Tile" completed on a SFR Twin rental property in Delaware County PA. It cost me $3,400 but it's well worth it. My contractor had the job completed in 4 days. After this past weekend's heavy rains, the basement was dry. I'm happy. The tenant is happy. And I have eliminated a situation that could have caused mold and other problems down the road. Good luck!

Hello,

I am new to BiggerPockets and so far I find this site extremely valuable. I'm looking for some advice on a potential mixed used property (3 units) that I may make an offer on. Currently, I own 4 properties (1 condo, 1 duplex, 2 SFR). I have never owned a mixed use but I'm finding out it is not quite the same as a residential. For instance, since the ground floor unit is a store front, it's considered a commercial property even though the 2 upper units are residential. The financing options are more costly and insurance premiums seem to be higher. The cash flow on this property is attractive to me but I feel I'm missing something. What are some of the downsides to owning a mixed use? What about the appreciation, does it correspond to residential? Thanks in advance for any advice.