All Forum Posts by: Amy C.

Welcome Dan! I am a fairly new investor as well, but looking to kick it up a notch or 5 in 2016. Good luck and hope to meet you at a REI meeting.

Hi Drew,

I would love to exchange information.  One of our tenants may be of help to you.  He's a roofer with the city of Philly and has a crew that works on most projects I believe, except major plumbing or electric where a permit is required.  But would have to verify that with him.

We own 1 multi in S. Philly and would like to buy a couple more with less than the 25% generally required.  If you're interested and would like to contact me, you can email me.

Thank you,

Amy

Hi,

Does anyone know if there is a price differential (%) between a twin home vs. a true single family home.  We are looking to sell our home and of course, will consult a realtor, but in doing early research, I'm uncertain if I should deduct a particular percentage from the sold prices of similar sized homes.  There are no listed sold twins that are as large as ours to make a relevant comparison.

Thanks!

Hi,

Does anyone know if there is a price differential (%) between a twin home vs. a true single family home.  We are looking to sell our home and of course, will consult a realtor, but in doing early research, I'm uncertain if I should deduct a particular percentage from the sold prices of similar sized homes.  There are no listed sold twins that are as large as ours to make a relevant comparison.

Thanks!

Thank you for the comments so far!!

Hi,

What would you say the average percent of rental income will be retained?  We will be living outside of the US for at least part of the year, so I am already taking 10% of the top for property management retainment.  Would you shave an additional 25% off for the usuals...vacancy, maintenance, taxes, the unexpected?  

Also, our properties are in PA and being that this is our first year of investing, we haven't had the opportunity to yet use a CPA, but will do so for this tax year.  Do you know what the income tax on rentals is?  Yes, I will do my own research, but looking for quick, experienced insight as well.

Thanks a million (at least that's what I'm shooting for!)

 Hi Fran,

We bought our first investment in Philly earlier this year and are wanting to do it again (multi-unit). We did it conventionally and are considering FHA. However, I was also curious if you could recommend a lender in the area that would do 5-10% down payment...that would be my preference to avoid lifelong PMI. Thanks!

Kevin, do you have any recommendations for where one might qualify for a 5% conventional loan? I have excellent credit and one investment property, and would love to buy more. Also, considering FHA as owner occupant as well.

Does anyone have a suggestion as to a lenders in Philly area with excellent FHA terms...I know Wells Fargo seemed very expensive...shocker!

Thanks in advance!

Just a friendly nudge...why would you specify "Ladies" in your post?  First, it sounds as if you're excluding "ladies" as managers, and second it sounds as if you don't think "ladies" can handle physical work.  Kind of a turn off for this "lady".  

Hi all,

Does anyone know much about Allentown, PA?  I have passed by for work, and my impression is sadly, another post-industrial, once-thriving town, struggling.  However, my generally astute neighbor, has told me that there is a lot of revitalization going on there.  I know the town of Easton, about 20 miles east went through some positive changes about 10 years or so ago, and I believe, helped draw a NYC contingency to the town, being it was only an hour or so away.

Does anyone have personal knowledge with examples or good websites or articles to share on the subject?  

Thank you so much for any help you can provide!!

Amy