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All Forum Posts by: Stephen A Jacquindo

Stephen A Jacquindo has started 3 posts and replied 3 times.

General Landlording & Rental Properties

Post: Sub-metering water in duplex

Stephen A JacquindoPosted
  • Phila, PA
  • Posts 3
  • Votes 0

Would it be worth to sub-meter water  in a duplex in Philadelphia Pa with an avg monthly bill of $80

0 Votes
Starting Out

Post: Home equity loan on rental

Stephen A JacquindoPosted
  • Phila, PA
  • Posts 3
  • Votes 0

My brother and I have lived in a Duplex that is paid off. I just purchased a house and am in the process of moving out, he is getting married and plans to move soon. The deed is in my name but I want to compensate him for his half. The property probably needs about 10k in repairs to get rent of about 900 per unit a month. market value of about 160k.because of my new mortgage I would not qualify for a standard HELOC. how can I go about getting a loan on this property with no rent coming in yet?

0 Votes
Starting Out

Post: Philadelphia House hacking

Stephen A JacquindoPosted
  • Phila, PA
  • Posts 3
  • Votes 0

I work in Philadelphia Pa. and I am required to live in the city. I am looking to purchase a duplex and live as close to rent-free as possible. Some of the multifamily properties for sale in what I would consider low-class C to D neighborhoods are asking $200,000 and up for areas, I would be comfortable living (I have lived in the city my whole life so my tolerance is a lot higher than some). I would like to go FHA to keep my out of pocket as low as possible and do some property repairs, but not a full rehab. Any suggestions on what my next step should be?

Thank you

0 Votes