All Forum Posts by: Angela Romero
Angela Romero has started 6 posts and replied 19 times.
Post: Looking for a credit union or local lender that works with RE investors Tallahassee
- Posts 23
- Votes 14
Hi all,
I will be moving to Tallahassee to continue my real estate journey! I bought and rehabbed a small multi in Philly. I operate it as a STR and it has been very successful CoC over 30% for example. I'm in the process of selling it and using the proceeds to invest in FL. I'm looking to buy a few SFH operate them as LTRs. Does anyone have any recommendations for lender contacts in the area? Preferably, a credit union that works with small RE investors. I've calling several CUs but its been hard to get connected with a person.
Thank you!
Angela
Post: What are some good banks with lower fees to refinance in philadel
- Posts 23
- Votes 14
I'd love a connection to them! Ive been trying to get through on their automated phone service and its very hard.
Thank you!
Angela
Post: Airbnb in Philadelphia
- Posts 23
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Has anyone had experience navigating the new airbnb laws in Philly? It seems nearly impossible to put one up with all these zoning changes.
Post: Titans Capital Partners
- Posts 23
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Did you work with them? I'm also wondering if they are legit.
Post: Networking event at Riverside Miami 09/04/21
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How do we RSVP?
Post: Real Estate Lawyer Recommendation
- Posts 23
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Hi investors,
I'm looking into asset protection strategies and for the best way to structure my first few small multi-unit purchases in PHL. I'm interviewing a couple of layers that came recommended from my network, but I wanted to tap into the BP to see if anyone has any reccs. Ping me if you do!
Thank you!!
Post: Calculating expenses for a small multi-family property
- Posts 23
- Votes 14
Thank you @Rich O'Neill! Sent you a note to connect! Looking forward to it.
Post: Calculating expenses for a small multi-family property
- Posts 23
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This is super helpful, Yuriy. I appreciate the feedback! I was going over this thread of yours Documents you have to provide to your tenants in Philadelphia, linking here for other people who are starting their journey of RE investing in Philly.
Originally posted by @Yuriy Skripnichenko:
The expenses depend on the units count and the location of the property. If it is in Philadelphia, you also should add:
- Rental license at $56 per unit per year.
- $500 refuse fee (trash), yearly.
- LEAD certificate/test for each unit.
- If 3 units and more – Fire Alarm certification, yearly.
- If 5 units and more – Private trash pickup contract.
And as Dre mentioned you may be looking for paying some or all utilities depending on utilities design and/or existing leases.
Cheers,
Yuriy
Post: Calculating expenses for a small multi-family property
- Posts 23
- Votes 14
@Charles H. - congrats on the start of your real estate journey. Good question, the 2,000 would be annually, so 167 per month. This is the avg quote cost I got for a small multi family in Philly. Some areas have higher insurance premiums risk like florida has hurricanes, ect. Good luck!
Post: Calculating expenses for a small multi-family property
- Posts 23
- Votes 14
@Drew Sygit - thank you so much. That's great feedback!