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All Forum Posts by: Mahauijue Mack

Mahauijue Mack has started 3 posts and replied 21 times.

Post: My Lender/Agent Says I need 25% down

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Ryan Ingram Ok Thank you

Post: My Lender/Agent Says I need 25% down

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Ryan Ingram Hi Ryan would u mind sharing your commercial lender that you use to refinance your properties??

Post: First BRRRR (well almost) by the numbers

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Kevin Wilson congratulations!! I’m assuming you purchased in your personal name given that you were able to refinance into a 30 year fixed at 4.5. Is that correct ?

I'm currently working on a BRRRR which I purchased in a entity . Now that I'm on the refinance stage lenders are giving me a hard time

Post: Philadelphia House hacking

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Isaiah Weekley Hi Isaiah Welcome to BP!! I am licensed Realtor . I would be glad to assist you with what your looking for. I started my investing journey by house hacking a duplex in Philadelphia and Currently on my 7th property. Shoot me a Pm so we can connect!!

Post: Just completed my 1st BRRRR in VA

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

Great job and Congrats!!

Question, Did you purchase the home through an entity such as an LLC or your personal name ?

Post: Tenant wants to break Lease

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Jaysen Medhurst I’m in Philadelphia, Pennsylvania. And Yes I actually think this could be a blessing after all

Post: Tenant wants to break Lease

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

My Current tenant just Renewed her lease on May 1st . She signed a 6 month lease and paid rent for the Month of May. However she now wants to break the lease because she claim she has lost her job. She plans on moving out by the end of this week and said there are Minor damages. With that being said I still have her security deposit and last month rent. By law do I have to refund the last month rent and security deposit due to such short notice ??

Post: How much to charge tenant for pet deposit fee?

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Aaron Hale Ive just researched a pet addendum and i will definitely be adding that to the lease. I am in the process of doing it now as we speak. from what i was told i will most likely charge a non refundable fee + pet deposit + monthly fee. I will see how this works out thank you for this information!!

Post: How much to charge tenant for pet deposit fee?

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Scott Scheel Ok I like this idea. I may have to consider this in the near future. I am thinking about charging 25 per month and 250 non refundable pet deposit. Thank you for your advice!!

Post: How much to charge tenant for pet deposit fee?

Mahauijue MackPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 9

@Robert Biggerstaff Thank you!!