All Forum Posts by: Diane Manders

I agree with @Ryan D. above but if you are not able to sub it out yourself or don’t have any experience doing that, I have a GC I have used in Philadelphia that is thorough and excellent.  I would estimate that it would cost you around 75 -80k to use him to get it all done for you. PM me if you would like his info. Good luck! 

Do you need anything done to the exterior or just need the interior rehabbed? 

Hi Jason. Try spring garden lending in philly. I believe they go as low as 50k loan amount and will convert it to a rental loan after you are done with any rehab assuming you want to get your cash out based on a new appraisal. 

Hi Joe. I’ve been looking in that area as well for long term rentals and the area a bit south of that as I believe the area will continue to appreciate.   For me that cash flow amount would be enough but I’d hate to leave the entire down payment and closing costs in the deal. If you really like the idea of it being turn key, I think you should offer much less than asking since it’s been in the market awhile now. Good luck! 

Yup!

HI @Travis Moe.  I'm looking to do the exact same thing in Jacksonville this winter and am trying now (from NY where its going to SNOW today - already!) to get everything in line so please let me know how you make out?  Hopefully we can share some other referrals as well.  Good luck!  

I'm in hot love with this financing strategy which I just learned about also from the post by @Alexander Felice.  Was a loan officer myself at JPMorgan but never heard of or thought of this before.  Game changing!

Thank you all for the advice. Much appreciated! 

Thank you @Craig Bellot and @Cathie Kovacs.  I really appreciate it.  

Hi Al. I know an investor in my local REIA group who buys small multi families upstate. If you'd like to PM me more info, perhaps I can put you two in touch? Hope it works out well for your family.

Thanks so much @Dan Leyden.  I will reach out to you!