All Forum Posts by: Dave Lin

Welcome to Bigger Pockets.  I also invest in the Lehigh Valley too.  :)

@Account Closed Have you try the online websites like foreclosures.com?  If you also go to the county websites they often times post sheriffs sales, not sure if you might be interested in those too.

I would definitely ask more questions as to why it is put back on the market so soon.  There might be more underlying problems that the buyer didn't take into consideration or seen until after the sale.  For such a low price, I would personally buy it without financing. 

Welcome to the site, you will find quite a lot of valuable info here.  

Hi @Jeremy Hunsberger,

Welcome to the site, sounds like you are on your way to that 20+ units.  

Hi @Tolu Malik,

Welcome to the site.  Are you looking at the Philly area in general?  I am sure some of the helpful bigger pockets who knows SE PA area is willing to help.  You might want to post some specific questions for the members to answer.  Good Luck!

Hi @Chad G.,

Like most things in life, it pays to shop around at times.  Some insurance companies likes rentals more than others.  So for the companies that does, their rental property insurance can be the same pricing as regular homeowner insurance.  A good insurance score and the age of the house or last renovation are important factors.

Hi @Sean Tracey

Here is a good resource.  https://www.floodsmart.gov/floodsmart/

If the risk profile comes back medium to high you will need flood insurance.  If it is low to moderate, most of the time you don't. 

Yeah, I try to not buy in flood zones.

When I say 180k house, I mean dwelling coverage @ replacement cost.  The replacement cost is how much it would cost to rebuild. So the market value has no bearing on it.