Greggory Kowalkowski
Closing above the purchase price?
13 November 2018 | 16 replies
Their appraisals are not only to ensure that the the home is worth at least the amount of the loan, but also for "safety".
Tailine Calheira
New here, looking for advice
16 November 2018 | 17 replies
The two times I was patient yielded me much more money than my impatience cost me the third time.
Kevin Brenner
Updating Electrical Wiring in MFH
12 February 2021 | 18 replies
If not, then it is not likely going to be a safety hazard for a tenant or their kid to pull a fuse out and stick their finger in that box. 2.
Kamenin Earl Banks
Pay consumer credit first or save money?
13 November 2018 | 10 replies
Be patient.
Jason Davis
Insurance companies for multi unit properties
13 November 2018 | 5 replies
.)- what alarms (burglar, fire, smoke, CO, etc..) are in place and what other safety features (extinguishers, fire doors, emergency lights, video survelliance, etc.) that are presentThis type of info needs to be gotten from the current owner or property manager and they are more likely to get it for you when you are a potential buyer than after.
Dave Blackman
Flip turned Rental - Great outcome!
14 November 2018 | 0 replies
Found through local wholesaler - we overpaid a little but got great terms (he was getting cash offers and was really patient with our first time through the HML process).
Diane Mettlach
Need roofing repair by an expert or anybody do it yourself?
14 November 2018 | 3 replies
Follow safe recommendations, ladder placement, safety rope, how to walk on the roof etc.
Laura C.
HELP! Need to sell Flipped Home
6 January 2019 | 28 replies
Last, but not least, be patient and don’t get anxious to sell.
Ray Realdine
Rental Markets outside Philly
23 November 2018 | 16 replies
Here are a couple examples that I've worked with.Example 1 - South End of Sewell - BRRR Duplex (2/1 & 2/1)Acquisition and Rehab was $200kARV: $240kIn the deal for $20kRent Roll : $2800 a month(1400 a unit)Mortgage: $1400 a month (200k @ 7 %)Taxes: $516 a monthInsurance: $100 a monthLicences/Sewer/Gas: $20 a monthVac/Capex/Repair: $316 a month (that's a lot but lets be safe)Cash Flow: $448 + you have 40k in equity and a fat safety net each month due to an accrual rate of $316 a monthExample 2 - Lindenwold SFH - BRRR 4/2Acquisition and Rehab was $110kARV: $140kIn the deal for $5kRent Roll : $1700 a monthMortgage: $700 a month (105k @ 7 %)Taxes: $441 a monthInsurance: $90 a monthLicences/Sewer: $15 a monthVac/Capex/Repair: $200 a month (that's a lot but lets be safe)Cash Flow: $254 + you have 35k in equity and a fat safety net each month due to an accrual rate of $200 a monthThe Sewell usually has ideal tenants and very little headaches.
Jay Lee
Is mobile home park investing safe? What is liability risk?
30 November 2018 | 23 replies
I am curious, have you had any concerns with your personal safety buying mobile home parks?