All Forum Posts by: Mayer M.

@Mayer M.

The lot is in west Kensington

@David Haynes

Where in west Kensington? At $40k a unit that’s far from cheap but still sounds like it would work. I am actually closing on a 9 unit lot for $270k / $30k per unit

@Rich O'Neill

Hey Rich,

Always good to connect with new people. I have a few projects wrapping up and new ones in the pipeline including a large multi family in Germantown. While I already have GC’s lines up for all existing projects it’s always nice to expand the network.

@David Haynes

I don’t see how you’re finding these properties at low prices unless they’re in total spec areas. Inventory for multi family development sites are at an all time low and prices are at an all time high

Sure can you buy an RM1 triplex lot for $50k yes, but only In areas that are completely undeveloped and perhaps make a good land bank play

Even some spec areas are trading at $30k a unit for the land. Already developed and high demand b/c neighborhoods like sharswood/Brewerytown are trading for $60k a unit

Anyone here invest in the Germantown area of Philadelphia?

Looking for support for an upcoming project and any assistance would be greatly appreciated

Thanks!

Mayer

@Steve Babiak

Yep. I have zoning permits in for all my properties and that should be good enough

I wonder how long something like this would take to go into effect

@Steve Babiak

Do you know if there’s a map outlining the areas/properties affected? Want to see if it affects anything I own

@Jimmy O'Connor

Can vouch for that....Jimmy sold two properties for me and the fee was disclosed

@Garrett M.

Can you post the link for the Zillow article? I’m shocked to hear and don’t believe it to be accurate at all

Hey guys,

So I’m setting myself up to self manage nine units that’ll be ready to market for lease soon.

Can anyone assist with any documents associated with tenants/self managing in Philadelphia?

Im trying to put together a checklist and documents for everything needed for this such as leases, disclosures, move-in/out inspection, any necessary addendums, lease extensions, pet forms, etc. I’m sure I’m missing some. Any pointers would be great. Trying to lay a good foundation as I have many more units in the pipeline in Philly

Thanks

Mayer