All Forum Posts by: Mathew Watkins

@Joseph ODonovan

Thank you

Hi, I’m looking for a new CPA to handle my taxes in the Philadelphia area, specifically Montgomery county. Any recommendations would be greatly appreciated. Thank you!

@Jeff Willis

And no hasn’t stated any reason for not paying. I notified him that I’ll be stopping by the property tomorrow

@Jeff Willis

Yes I purchased the property a few months back. The tenants security deposit and last months rent was transferred to me at settlement and all documented

I recently inherited a tenant on a month to month lease and has failed to pay this months rent. I’ve notified him that his rent is late and that late fees are now applied. However, I currently have his last months rent and security deposit. Should I present him with an eviction notice now or wait til next month being that I already have his last months rent? 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Elkins Park.

Purchase price: $175,000
Cash invested: $183,000

Unit 1- 1 bed 1 bath

Unit 2- 2 bed 1 bath

What made you interested in investing in this type of deal?

Cash flow

How did you find this deal and how did you negotiate it?

Found on realtor mls, negotiated with realtor

How did you finance this deal?

Savings

How did you add value to the deal?

Buying all cash

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Sean Stein with Keller Williams on broad street Philadelphia