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All Forum Posts by: Mike Parks

Mike Parks has started 7 posts and replied 56 times.

Post: Turn key Property in Southwest Philly Pa $25k

Mike ParksPosted
  • Flipper/Rehabber
  • PA
  • Posts 60
  • Votes 8

property is sold but if you pm me what you are looking for, Ill be sure to keep you in the loop next time something comes up

Post: Turn key Property in Southwest Philly Pa $25k

Mike ParksPosted
  • Flipper/Rehabber
  • PA
  • Posts 60
  • Votes 8

i will send everyone info this week, thanks folks

Post: Turn key Property in Southwest Philly Pa $25k

Mike ParksPosted
  • Flipper/Rehabber
  • PA
  • Posts 60
  • Votes 8

give me a couple days and I will get pics and full details, but in a nutshell its a 2 bed with a den and 1 bath. currently vacant with rent expectancy of 700-750 and market value of 50-55k

american heritage federal credit union if you are interested pm me me and Ill give you my contacts info

i get them numbers all day long through my credit union. Just got approved for a commercial loan for 292,000 for 25 years at 5% and no one will ever see it on my credit

Post: Turn key Property in Southwest Philly Pa $25k

Mike ParksPosted
  • Flipper/Rehabber
  • PA
  • Posts 60
  • Votes 8

3BR 1B row home in south west philadelphia. Property is 25k and rents for 700-750 month. Low property taxes

20 yrs at 5%

if you do your cash out refi on the commercial lending side (WHICH IS WAY EASIER) there is no limit and they dont show up on your credit report as debt.

Post: Need a good RE accountant in the Philadelphia area

Mike ParksPosted
  • Flipper/Rehabber
  • PA
  • Posts 60
  • Votes 8

greg pereira from accountants on demand in moorestown nj. He has extensive background handling finances for a large investment company/property management company in florida. He is very knowledgable

Post: forum enhancement ???

Mike ParksPosted
  • Flipper/Rehabber
  • PA
  • Posts 60
  • Votes 8

ok fair enough and definitely makes sense. I will most likely be upgrading. Thanks folks