All Forum Posts by: Reda Akbil

@Derrick Alexis right! My best deals were 2-3 years ago. I stopped going because like you said prices don’t make sense anymore.

@Derrick Alexis if you buy it from the Auction it should free and clear. However the original owner has about 9 months to come back and claim it. Happened to me. I bought properties from Philly auction .

Thank You Steve. Im in the process of getting in touch with one. However I wanted to get more feedback from others that may know more. Thanks Again. @Steve McGovern

Hello All- i'm panicking as it looks like im getting served from someone's lawyer who claims that they slipped and fell outside my property. Still gathering the details but it seems like they fell outside on the side walk walking by and had two knee surgeries since. 

Problem is I don't have insurance on this property since I bought it from the Sheriff's sale and forgot to insure it after 9 months. Second problem is that I was missing stairs railing to go up to the front door, however not sure if they will be using that against me, they most likely will but my answer is what were you doing on my steps? who are you? (my tenant doesn't know who this person is).

My main concerns are: I own 4 properties under this LLC , 3 of them have a mortgage but this one does not. Thinking worse case, if they win this case...Im assuming they will come after all properties until full amount is satisfied..

1-Can they force me to sell (bank gets their money first and they get the rest) or they would just put a lien on the properties?

2- Should i transfer the 3 other properties under new entities now before things go too far?

3- Should I refinance this property (where they fell) to get some money out, that way the bank is automatically the first lean holder? 

Thank You all very much for the help

Hello

I do exactly what you want to do and im also a Realtor in Philly. I have worked and partnered with clients from NYC. I also get access to off market deals that need rehab in up and coming areas. I can def help. DM to discuss. Thanks Reda

Hi Derek- I'm an investor (buy&hold) in Philly and currently own 5 positive cash flowing properties. Not always easy to find but they exist.I'm happy to send you some as i'm also a real estate in the city.

Joe White My business partner is a contractor and we have a small crew that does all our rehabs Call me if interested. Thanks

Hey Allen- i own few rentals in Grays ferry and Point breeze and sold/flipped some. Would be abke to tell you all you need to know about investing there and also what is a good deal and what is not. Feel free to contact me

How west? whats the address more or less?

I invest mainly in grays ferry but may consider a good deal elsewhere.