All Forum Posts by: Jason C.

wait I actually stumbles upon this thread looking up the same thing. I just that Pennsylvania is a state that protects your primary residence. Are you sure. ? I would like to know this information also as I won my house free and clear

I understand everyone has there different opinions on what class they would give a certain property once then seen it, but to draw a blank conclusion is where i have a Big problem at. She basing her BS on absolutely nothing. She doesn't know what my properties even look like and she already gave a opinion that whatever it looks she would give it a lower rank. So in turn she making a sly comment towards me then the actual property cause we haven't seen anything on whether we agree or not. There is people who pretend to do this business and some who actual do it, and then there is some who happen to have properties but have NO clue what there doing and there ego gets blown. Probally making this bigger then what it is but I don't like to get slighted. 

 To me this post is as ignorant as it gets. So you automatically assume my criteria for a house it lower then yours then assume yours is higher based on nothing. In summary you just said "What u call fair , i would call poor" based on just my sheer opinion and no facts and my (Dawn) properties are C because i bought them so they derserve a semi higher mark. Please this is laughable.Would it be fair if I would say, i own 300,000 worth of property since i paid cash (my house and 2 rentals) and you own 7 houses that are leveraged to the hilt as you stated in a previouis thread so in a sense you did this longer but have no clue what your doing cause I have more money then you. See how baised and unfair to draw conclusions like this. 

What are you basing my D is your C? I really really would like to hear this?

I also don't have d class properties. Please don't look at the numbers and assume d class. When you assume.....you know

The one property I would let her walk at night  to collect the rent , the other one I would but she would have to call me when she got there. Haha :)

Holding period means nothing to me but what do I know,I only own three properties (house and   two rentals all cash) 1000 in rent for 150k or 4500 in rent in 6 25k props is a big wow for me.  I understand they will mean more Mainteance but look at that return. I'm listening to the counter arguments but who wouldn't want that increased 3500 for a little "more" headache.

Seems like everywhere I look I see 2% deals... I aimed for 2% for my first two properties. And i got closer to 2.5%. I'm buying 2 more in the winter  and to be honest I actually think ill aim for 3% this time. I see no point in buying expensive houses for very minimal increased rent. If I buy a house in Philly for 150k ill see maybe 1000-1100 in rent. If I buy 6 houses for 25k a pop ill see 750-800 a house. Why the heck would I ever buy the 150k property. It's a little different cause I buy on all cash but I don't see the point If I want to maximize returns.

This might be weird but I actually do month to month leases and when they insist they need a year , I tell them i will sign a year lease at the six month mark. Lets them know there on watch. Not that its easier to evict them but seems like it without the commitment. What can the tenants say? There on a month to month if i ever have to evict them

One is in Northeast Philadelphia like on the border of frankford and northeast philly. The other one is in Southwest Philadelphia Near about 7 blocks from Island Avenue.

Thanks Brandon, I am hoping they wont require high maintenance.

They didn't take long to fill. I put them on craigslist and people were beating down my phone so much i took the ad down. They gave me first ,last and security like it was nothing.  They have been filled for two months now. I will be buying two more in December. Trying to buy at least 3 a year.

I thought the  2% was the only way to determine good ROR . I'm above 2% correct?? The taxes are  about 850 a year for each house. Insurance is 80 bucks a month for each.. Why would Insurance and taxes factor in if the rent is 2% of purchase price..Everyone has to pay Insurance And taxes. I understand taxes can effect the rental if taxes is high..Trying to Learn dont want to sound pushy LOL.