All Forum Posts by: Ron Gosling

Hi Sarah,

I can offer any services you may need if visiting the US.  I live a few miles north of Philadelphia and very close to central and southern New Jersey as well as an hour from New York City.  We can help with buying, selling and property management for out-of-area owners (remote property management).  Please provide a means of contact if you would like further info.  We have access to SFHs, multi-families, co-op's and commercial property (mixed use - residential & commercial).

Hi Sarah,

Interesting question. As an American thinking of opening a business in a foreign country, one of my first questions was where to invest (in which US city or state) and what type of RE investment class makes the most sense.  Have you visited the US before?  How much are you thinking of for an initial investment?  Single family rental, four family multi unit or a buy and flip rehab?  Once you decide you can partner with a US citizen or business to help get your feet wet.

Vijayakumar,

My wife and I live in lower Bucks County (Levittown) about five or six miles southwest of Trenton.  We own a home and are about two weeks from closing on a thee bedroom/one bath single family home which will be used as a rental property.  We have been working and reviewing the market for the past six months and during that time watch the market become close to red hot with available units becoming more and more scarce weekly.  I am familiar with the area and in the process of starting a property management business.  If you would like to talk ideas or are seeking assistance with your ventures, drop me a line and maybe I can help.

My wife and I are stumped on a decision to purchase a SFH with a VA loan with intent to move-out and rent in two or three years. The home was built in the mid-60s and located about 20 miles north of downtown Philadelphia. Totally rehabbed by owners less than five years ago, nice three bedroom, two and a half bath, very good shape and a reasonable sales price of $155K. The hang-ups: the home has been on the market for over 13 months (if good deal, why not bought?) and there is a not-for-profit, 260 unit low income public housing/apartment complex a few blocks down the street. Home was recently assessed for $170K and comps in the area above the going price. Crime stats and reports are above average with burglary and smash-and-grabs at the top of the list. Tenant satisfaction within the complex is low. Is the home worth buying with a mortgage of $1,200 monthly and potential rental price of $1,300 monthly? And, what does the future hold for home appreciation in 10 to 15 years? Thanks in advance for your comments and wisdom.....

As the titles says, new investor looking for a established club, or others interested in starting a club, in NE Philly or Lower Bucks.  Thanks in advance for your help.

I didn't see the mortgage and interest payment????

$27,000 at 5% for 15 yrs is roughly $240 monthly or $2,880 annually.  Subtract this amount from your $5,280 operating income and you net about $2,400 a year.  What is your goal? Cash flow or capital appreciation? What is your exit strategy? Sorry about the extra comments, they are questions I ask myself.

My business partner and I are reviewing a very similar deal for 51 units in a existing condominium property.  I'm very interested in how you are making out, especially on the financing side.  How is it currently going?