Breaking even would even be good for me since I want to clear some of the land so you can launch a paraglider from it.

Hi BP- looking for some advice for a new property management company entering the Philadelphia market.Background: After a few years of investing and managing my own Philly homes- I'm now the proud owner of a newly licensed Property Management company here in Philadelphia ready to provide services to other owners and investors.

Sounds like you've found a place where you can get decent rents for a decent and well maintained property.You could refinance the newly stabilized property and take cash out as well.Now is the time to borrow money. 

-Be the best Father, Husband, and person I can be by the grace of God-Acquire 1000 units in 2020 -Create 1000 true fans by launching our multifamily podcast - coming soon-Create a Youtube channel to equip investors-Hire the right property manages for each asset we purchase this year (we self manage each asset)

I run adds for a house , 2 bedroom , smaller but quaint, newly remodeled, with 2 car shop/garage nice yard. screened in back porch, only $595 month Call- BR549 for an appointment.

Priced it on the high end because it was newly renovated and really nice.

It’s not a major difference in the grand scheme of things, but every little bit helps.In my book, The Hands-Off Investor, (shameless plug—BP launching it in the spring) I dedicated a whole chapter to waterfalls and have examples of both methods of returning capital.  

A newly renovated kitchen, new A/C, new electrical panel and meter, and a large, fenced in yard. 

Just from discussing with newly weds I’ve heard that area come up a few times for new homeowners. 

Problem is, there’s a reverse mortgage with a $106k balance and the home is in excellent condition with a newly updated kitchen.