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FYI all Philadelphia Real Estate Investors -The Philadelphia County Transfer Tax Rate is increasing January 2017 from 4% to 4.1%. As many of you know, the transfer taxes vary municipality by municipality. The standard...
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when i bought my last house it was tenant occupied-they are there for 10 years and continue to pay rent on time without issues.Is it important for me to have a copy of the keys? I live 2 hours away-- don't know why i...
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Hi BP!I’m thinking of putting an offer on a 3-unit that was built in 1920. Besides the obvious higher capex percentage I should keep in reserves, what else should I consider?Thanks BP!Nicole
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I recently attended the BWI REI meet up hosted by Bill Ames. J. Scott gave the featured presentation on starting and scaling a sustainable company. He provided so many golden nuggets as he shared six essential steps ...
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If one owned a single member LLC within their Roth IRA, and that entity invested exclusively in real estate, tax liens and debt instruments, would it not be acceptable to simply incorporate "grammar school" like accou...
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As a rental property owner, tenant screening decisions can make or break you. Getting the perfect tenant for your property can take time and effort, but are you doing what it takes to increase your chances? Making You...
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Good morning BP Family,I have leased my property to a couple who has now asked "how much would it cost us to move our son, his wife and their child in with us"? I currently rent the property for $2,400/mo. The prope...
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I might be looking for a unicorn.The standard max with DSCR loans on investments seems to be 75% LTV on a cash-out refi, from the brokers I've spoken with. I have a property that I may be looking to cash-out from in 2...
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We own in a triplex where the rent is $500-600/mo. Should we stick the standard in The Book on Managing Rental Properties? What credit score do you use as the qualification threshold?
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New tenant wants to know if I will authorize her relatives (1 adult and 2 kids) staying a month each summer.What are the Cons of allowing this?Thanks!Eric