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6 March 2019 | 7 replies
If I could do it over I would definitely buy a four family I started with the duplex then a three family and then a four family and I now do 4 families and larger if one person moves the only missing one fourth-year income versus a duplex where one person moves are losing half your income plus with the price point on a four family your depreciation and you’re write offs are larger and later on your net worth is higher
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5 March 2019 | 2 replies
Your housing systems: heat, electric, water, structure should all be functioning correctly - check those.
6 March 2019 | 9 replies
So putting other properties in your personal name you are still able to write off all the expenses for the extra properties?
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11 April 2019 | 2 replies
Libs, Fishtown, south Philly, Brewerytown, outskirts of U-City), buy and hold markets (Olney, Strawberry Mansion, Germantown, Cobbs) and then the neighborhoods that function as both flip and rentals (which usually means the BRRR gold mine reigons) like Cedar Park, Sharswood, Port Richmond, E.
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6 March 2019 | 3 replies
Ingo Winzer, writing in the March – April 2019 Edition of Think Realty Magazine says these markets are worthy of investigating.
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18 March 2019 | 6 replies
Appraisers don't generally care about cosmetic items, it could have the ugliest cabinets, counters, tiles etc as long as they function.
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5 March 2019 | 5 replies
If each co-owner has an undivided half interest then have the co-owner who wants to sell, write out a detailed affidavit with any available documentation -listing all of the expenses that each co-owner has paid for mortgage, taxes, insurance, maintenance etc, during the last three years (or whatever your local statute of limitations is to file for unpaid debt).
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8 March 2019 | 11 replies
If you have changes, like a rent increase, write them in.
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8 March 2019 | 57 replies
These are solid "Class C", which I define as no frills but clean, safe, and functional.
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6 March 2019 | 17 replies
They still rent like hot-cakes, because C tenants want "clean, safe, and functional."