All Forum Posts by: Jay Shaik

Can you please recommend any good Home Inspection company in Bensalem , PA

Hi ,

Can you please help me if it is good or bad to buy single family home with Private Well and Private Sewer as as Rental property,

How much does it cost to Get Public Water/Sewer Connection done and installed in Levittown PA and how long it takes for the complete process start to finish.

Also Any idea Cost for converting Window AC / Induction Heating system to a Central AC and Heating system (All the Ducting need to done ) .

It is a 2500 SQFT Living area.

Hi ,

I need help with Property Inspection before i commit purchase

Can someone recommend a good Property Inspectors in and around Bensalem ,PA, please

Thanks,

Jay.

Hi,

Can you please help me with the below analysis

I learned the basic Analysis steps from the Biggerpocket Videos and did Analysis for the three properties i would like to invest on

Please advise me if i missed any points

I still be ok to go with small -ve cash flow for now as i still have the potential to convert the basements info dwelling units in the future and i did not include the property management fee as i will be living in the property too..

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Address:1 Bensalem PA 19020, 3bed, 2Bath (No Basement )

BuyPrice:$350,000, DownPayment:0.00% APR:5.00%

Income:$3,000 ,Expences:$3,352, Cashflow: -$352

Expences:$3,352=(Mortgage $1,951.35 +PropertyTax $443 +PMI&Insurance $408 +CapEx $300, LawnSnow $100, Vacenecy $100)

This Will wrap into the Mortgage anount =ClosingCost $20,000+RehabCost $5,000+Mislenious $2,500=$27,500

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Address:2 Levittown,4bed, 1Bath , (Potential to Add 1Bed 2Bath in Basement )

BuyPrice:$229,000,DownPayment:0.00%,APR:5.00%,

Income:$2,000, Expences:$2,233, Cashflow: -$233,

Expences:$2,233=(Mortgage $1,274.09 +PropertyTax $291 +PMI&Insurance $268 +CapEx $200, LawnSnow $100, Vacenecy $200)

This Will wrap into the Mortgage anount =ClosingCost $10,000+RehabCost $5,000+Mislenious $2,500=$17,500

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Address:3 Bensalem, 3bed , 3bath (Ptemtial to Add Another 3Bed and 2Baths in Basement )

BuyPrice:$285,000,DownPayment:0.00%,APR:5.00%,

Income:$2,500, Expences:$2,785, Cashflow: -$285,

Expences:$2,785=(Mortgage $1,616 +PropertyTax $361 +PMI&Insurance $333 +CapEx $250, LawnSnow $100, Vacenecy $125)

This Will wrap into the Mortgage anount =ClosingCost $20,000+RehabCost $5,000+Mislenious $2,500=$27,500

Thanks,

Jay.

Hi ,

Can you please help me with the below analysis

I learned the basic Analysis steps from the Biggerpocket Videos and did Analysis for the three properties

Collin , Welcome and i feel that you will add a lot to this Greater Philly Investor Community  

Hi Lawrence , 

When you say Monthly income $1k/month i assume this is for a single person you are seeking housing for , i guess $300/Month room sharing accommodation will possible in philly but when it comes to NO-Credit check NO-Background check then we have to understand the reason Do thy have SSN or not else something to look deep into the reson ..

Joseph, Thanks for the Reminder 

Both Luis and Steve , 

Thank you very much for your inputs .

Sorry yes there was typo correct price is $295K ,

I am also not sure the legality of renting basement is city specific or any website that we can check ..

Any Comments on the below Deal

3 Bed 2.5 Bath with In-Law Suite in Basement ( Builtup Area 1600SQFT ) Lot size 3000sqft

Location : Busselton , NE Philadelphia, PA

Buying Price: 29,5000

And i will be doing a FHA with 3.5%Down and the Mortgage will be around $1750/Month

Like to House Hack the Basement In-Law Suite(Gets additional $400/month ) and Rent out the 3ed 2bath up stairs to Family ($900/month).

Is this Good deal and is this Location Busselton NE Philly good area to invest ?

House does not not need any repair except the Inerior paining and Floor finsshing on hardwood floor.

On top of the Rents ($900+$400) i am considering that i will save $600 off my current rent ..so total comes around $1900/month ..

Also do you know any thing abou this neighborhood (Bustleton NE Philadelphi PA).