All Forum Posts by: Butch Cantz

Looking for meet ups in lansdale pa 

I know this is a question that doesn’t have a solid answer but as I am looking at properties online I am drawn to 2 different areas.... lower end homes that are <$110k and have renters in place around $850- $1000

I also then found a property that is listed in an up and coming area for $225k ... tenant in place renting for $1700 month 

Seems to be a really good cash flow.  My concern is having to put more money out of pocket for a down payment and that I probably wouldn’t recoup that for 5-6 years 

thoughts for a first time investor ... is it best to get started in Lower income areas where properties are less or if I find something that is affordable (about $45k down payment) should I go for that 

my concern is that the second option leaves me not getting another property for a few more years as I wouldn’t have much left in savings 

Thanks in as advance 

I meant without a realtor 👌

My mom is looking to move out of the city limits of Philadelphia and move closer to the suburbs near my family. 
I was hoping to purchase the home from her and use it as my first rental property.

She owns the property outright.  3BR/2BA Dow Home. Properties in the area go for $240k.  They rent for around $1750- $2000. 

She is looking to move into a 55+ community where modular homes go for around $185k with $600 in HOA fees.

I am trying to see the following 

1.  Is it possible to purchase her home with a realtor. 

2. what is the best way to go about it so we are all in a good spot.  I have an rental property and she doesn’t have to pay a dime where she is living. 

I was thinking of buying the home below value and and then with the rent, paying the mortgage and the alps paying her HOA fees for her

Thanks in advance!