All Forum Posts by: Mark Loshelder

Good morning,

Our company is expanding and has driven a need for us to expand our partnerships, including adding contractors. We are in search of recommendations for proven contractors for partial and full property renovations in the greater Pittsburgh, Pa area.

Our goal is to create a mutually beneficial, long term partnership.

We welcome any feedback and connections, whether direct or otherwise, about or with qualified, reliable, and experienced contractors.

Thank you in advance!

Mark 

Good afternoon,

Our company is expanding and has driven a need for us to expand our partnerships, including adding contractors.  We are in search of recommendations for proven contractors for partial and full property renovations in the greater Pittsburgh, Pa area.

Our goal is to create a mutually beneficial, long term partnership.

We welcome any feedback and connections, whether direct or otherwise, about or with qualified, reliable, and experienced contractors.  

Thank you in advance!

Mark 

Hello/Good Morning,

My partners and I are in need of an experienced, investor focused realtor to represent the sale of a flip in the South Hills of Pittsburgh, Pa (West Mifflin).

Any recommendations would be greatly appreciated.

Thank you,

Mark

Welcome Stevie,

I hope that all goes well and as planned. I am also in Pitraburgh, so please contact me if you should need any assistance. 

Take care,

Mark

Good morning,

We (a small LLC) are beginning to aggressively build our small portfolio of single family and multi-family properties in and around the Pittsburgh metro area. These are buy and hold rental properties. Thus far, we have financed our purchases (or refinanced after rehabs) with a local bank (First Common Wealth), which will only offer ARM (five year with 5.5% initial rate), with a early pay-off penalty of 2%, and a requirement for personal backing (i.e., my partners and I sign for the loan).

With interest rates forecasted to increase, we were attempting to secure and diversify our debt with some fixed rate products.  We just were informed by a broker that they are NOT able to find/ offer us a fixed rate product (less than 10 days prior to closing on our next property).  All of our personal finances are in excellent condition (e.g., incomes, credit scores, etc.).  We have hard money lending pre-approval in place for our flips, but the conventional rates from that lender are not competitive. 

I am curious to learn what others BP members are finding, doing, and securing for financing.  Are the terms noted above reasonable?  Should we be able to obtain commercial fixed rate lending?

Any feedback or direction will be greatly appreciated and utilized.

Thank you,

Mark

Thank you both for providing the information.  This is very helpful and very much appreciated.

Good Morning,

I am in search of a "No Pet" addendum for existing leases.  I would greatly appreciate it if someone could provide a template or point me in the right direction.

Thank you in advance!

Mark