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11 February 2025 | 31 replies
The cat is out of the bag in the MHC sector and this has caused prices to reach historic levels.
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24 February 2025 | 71 replies
If needed add a minimum of 15kModerate RehabCan save at least two of the following- Electric, Drywall, Flooring, Plumbing (likely touch ups in the other two)Redo KitchenRedo Existing BathroomsNo framing or architect plans neededPaintFinish BasementAdd a split unit to existing duct work (prevent from tearing up existing plaster/drywall)*Think of a grandma home that does not have knob and tube and has been on top of roof/windows so we aren’t as worried about mold/water damage*Light RehabComps do not need a finished basement or basement is finished to comp standardComps do not need HVAC or you can just add split unit to existing ductworkKitchenBathroomFloorsPaintNo major rehaul of mechanics needed (aka do not need to rip out walls)LipstickPaint, Floors, appliances in the most basic sense ARV Range Full Gut Moderate Light Lipstick +450 (A+) 150-300 N/A N/A N/A 380-450 (A) 90-120 70-75 N/A N/A 270-400 (B/B+) 85-100 60-70 N/A N/A 210-270 (B-) 75-80 60-65 45-55 N/A 170-210(C/C+) 65-75 50-60 40-50 15-30 140-170(C-) 60-70 50-60 35-45 10-20 120-140 (D) 55-65 40-50 25-35 5-15 Philly Neighborhoods Breakdown:A+ : Obvious Prime Real Estate.
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21 February 2025 | 182 replies
My personal relationship with D32 and its owners have been demanded by the delays caused to buyers.4, Updates, I have been providing updates at my own financial and cost and maintained all clients communications, phone calls and customer service.
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14 January 2025 | 329 replies
Federal Cares act alone is causing over 5 billion in damages for it's moratoriums imposed on landlords.
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7 February 2025 | 40 replies
I don’t know if the cause was fraud, incompetence, or a combination, but it is really sad.I was able to work directly with my borrower and my loan is still performing (amortized it rather than keeping the balloon).
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28 January 2025 | 29 replies
Cause an appraisal will cap you then.
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19 January 2025 | 6 replies
Pro rata is the best but it’s definitely not the fairest and it causes the tenants to be upset, for good reason.
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21 January 2025 | 8 replies
So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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20 January 2025 | 16 replies
It's usually best to talk with your neighbors about your plans and get their support as one of the variance tests is that the requested relief does not cause a public health issue or alter the essential character of the neighborhood.Try googling "tests for a variance in [your state]" and talk with your local zoning department.
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26 January 2025 | 24 replies
In the letter I also put that I will be filing for eviction if this doesn't stop and since your tenant is a section 8 tenant, this will cause the removal of their voucher entirely.