All Forum Posts by: Mary B.

usually before and after pics get the most traffic.  that's why I came here to see the lovely photos of the finished work. congrats on a successful flip and many more to come. 

kudos,

Mary

Possibly, there's a staging company or two in the Delaware valley region that'll purchase it from you. 

Kudos,

Mary

for the OP's price range of buying 2 properties for $50K each, all in ...not gonna happen in those areas. 

Kudos,

Mary

$50K won't get you a rental in a B class neighborhood in Philly, not all for $50K.  that may be your purchase price and it needs $20K renovation but it still won't be in a B class section of the city. I definitely agree with Sung Park on this. Philly has a price variance on a block by block basis. there are $30K row houses and $700K row houses.  More research is needed if you really want to invest here. 

You might do better investing in the much more affordable city of Pittsburgh, Pa. cheaper cost of living, cheaper housing, roomy housing...research that market.   

Kudos,

Mary

I take it from your post you haven't purchased the Philly property yet. Here's a link to one of BP's own that offer some terrific ways to go about getting seller's assistance. One of these are sure to work. I follow him and just received notification of the latest blog post. If you need more details send a colleague request to @Account Closed. 

https://www.biggerpockets.com/blogs/7460/67475-som...

Kudos,

Mary

well, here's a link that you might want to check out. plug in the city & state where you're interested in securing section 8 tenants in and it will display the budget for that area for 2018.   this way you can get somewhat of an idea of what you'd be working with... 

https://affordablehousingonline.com/FY18-HUD-Budge...

kudos,

Mary

oh ok, if you just want parcel info then you will probably have to go downtown across from city hall, for the records. they may have a website but I'm not sure what it is. place a call to see what's the best option.

Kudos,
Mary

if you're looking for the list of previous owners on a property that's called a title search and that is not free ... in any town that I know of.  Montco doesn't even offer current owner info for free. I'm not sure about Bucks or Chester Counties, though Delco and Philadelphia counties do. 

Kudos,

Mary

that seems to be a trend in hot areas of major city, usa. out of state buyers gobble up various  properties often times many are already disheveled and they just sit on them for a few years as they continue to yuck up the neighborhood. my guess is that, their strategy is to hit the lotto when someone that's buying in the same local come's calling. they think that they will be able to name whatever outrageous price and there will be an onslaught of desperate mindless investors that will kill to have this property.  problem arise when they don't watch the variance of pricing per quarter or at least every 6 months because many times it fluctuates. what's steaming hot now might be warm within 6 months. you can't go by the national housing market reports and think that it speaks for every city and every subsection around the country. buy and hold investors know this but speculators aren't always aware of it, which results in ugly properties staying ugly, getting uglier.  

Kudos,

Mary

sounds like a good reason to meet for a free consultation with a lawyer on the matter. all you will get here are opinions and although there are some attorneys on BP, you need to confer with one in IL which is considered an attorney state, if I'm not mistaken.  you need legal advice on how to proceed. 

Kudos,

Mary