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All Forum Posts by: Arun Dharan

Arun Dharan has started 10 posts and replied 29 times.

Post: Inaccurate Listing Description

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

I bought a house 3 months ago that stated the washer/ dryer is brand new but has been causing me a lot of issues. I tried to register it with Samsung and get a repair done under warranty and they told me they are 8 years old and off warranty. It looks new and clean but keeps leaking and not drying my clothes. Is the broker/ seller responsible to fix this since they lied on the description stating this is a new washer/dryer when it’s not?

Post: Multifamily in Pennsylvania

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

@Ola Dantis thank you! This is good for me to start and will definitely share my story on how this goes during a pandemic

Post: Multifamily in Pennsylvania

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

@Marc Rice yeah I am moving to Philadelphia for work

Post: Multifamily in Pennsylvania

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

I have 40k saved up and want to purchase a multifamily home in Pennsylvania to house hack. I am currently working on getting pre approved but was wondering what people’s thoughts are in investing in Philadelphia or should I go to Allentown?

Post: What are your goals for 2021?

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

@Kirbi Campbell I have 50k saved up and plan to purchase 2 duplexes and just signed up for my PA real estate license so I can sell on the side and cut down on closing costs.

Post: Conventional Loan Question

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

@Jake Ernst Thank you for the insight! Appreciate it

Post: Conventional Loan Question

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

I am looking at buying 2 multi family homes in PA and was wondering if 20% is mandatory for a conventional loan? Is there any loan options where you can do 10%. FHA won't work for me because I won't be living in a unit. Thank you for any advice or assistance on this.

Post: Apartment purchase financing

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

I am looking at an apartment complex in Pennsylvania to purchase and wanted to get some advice on the down payment options. The apartment is 450k and I have 30k saved up as a down payment. I was reading and spoke around with some and was told for an apartment complex you need 30%. Is there any ways around that and be able to put in 3.5% for an FHA loan.

Post: Purchasing Land and development

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

I am looking into real estate development and purchasing land and building an apartment on it. Any good books, webinars to learn more on the process?

Post: 10% down for investment property

Arun DharanPosted
  • Investor
  • Philadelphia, PA
  • Posts 29
  • Votes 27

I am relocating from San Francisco to Philadelphia for work and looking at a duplex or triplex to invest in. The goal is to live in 1 side and rent out other 2 and not worry about the mortgage. My concern is I only have 10-15% down for a down payment and the real estate agent I was working with said It’s a lot harder to buy anything unless 20% down. I have excellent credit and make great income so wanted to get others opinions on if this is possible? Or should I rent and save up more to do 20%? Appreciate any advice/ insight on this