All Forum Posts by: Jean M.

@Freddie DeFilippo hi did you ever work with keystone funding? I was contacted by them and am very interested but can't find any information about them online.

I've been a communications with them for a while, and I am very interested, however, I am unable to find information about them online. I would hate to start and find out their guidelines are so strict and get rejected every time I submit a deal. The last thing I want right now is losing money on a scam. Has anyone worked with them? Please share your experience...

I've been a communications with them for a while, and I am very interested, however, I am unable to find information about them online. I would hate to start and find out their guidelines are so strict and get rejected every time I submit a deal. The last thing I want right now is losing money on a scam. Has anyone worked with them? Please share your experience...

@Craig Smith thank you this is great info. i am going to do an inspection but i had no idea it was required in order to evict tenants in wilkes barre. now is that inspection required every time i have to do an eviction in that town? or is it something i have to do yearly to stay up to code?

hi @Chris K. thank you for responding to my post and sharing your knowledge on the town. so i ran the numbers on the property and here it is

Purchase Price:$70,000.00
Estimated Repair Costs: $0.00
Total Investment: $70,000.00

Mortgage Amount: $52,500.00

Cash Required: $17,500.00
(Out of Pocket Money Required)

Estimated Gross Operating Income: $2,000.00
(Estimated Rent per month):
Monthly Expenses:
Vacancy Expense (%): 10.00%
Management Expense (%): 10.00%
Repairs & Upkeep (%): 10.00%

Adjusted Rent per month: $1,400.00

Property Taxes (Year): 3,900.00
Insurance (Year): 1,600.00
Additional Expenses: 200.00

Cash flow before Debt Service (Month): $741.67

Debt Service (Mortgage)
Loan Term (Years): 30.00
Interest Rate: 4

Mortgage Payment (Month): $250.64

Monthly Cash Flow: $491.02
Yearly Cash Flow: $5,892.28

Annual Return on Investment: 33.67%

This deal was calculated by Deal or No Deal Real Estate Calculator :

Hello everyone! I just wanted to discuss a seller finance 3 unit im getting ready to sign a contract for. 

Ok so its 5 sisters who lost their mom 2 years ago and they finally decided to do something with the property. 

They we're asking $85k i offered $60k they countered at $80 and we settled at $70k 

Its 3houses on 1 lot. All 3beds and 1bath. 2 of them are currently rented and bringing in $1310 monthly. The one house the mom lived in can use a little upgrade to the kitchen and bathroom and paint everywhere. Which will bring in a total of $700 when all done. One tenant's lease will expire next month, but she is willing to stay on a month to month agreement and will give a 2months notice before she moves. 

The taxes are $3900 ins. Is about $1550 and another $160yearly for the furnaces and hot water heater warranty.

They are willing to hold a note if i put 25% down 4% interest 30year amortization and 3year balloon.

I feel pretty good about the deal but i want to get other opinions before signing on the dotted lines. Any advice? 

@Kevin D. Lehigh St Wilkes Barre PA 18702 

The property is on Lehigh St Wilkes Barre PA 18702.  

Hello bigger pocketers! Im interested in a duplex in Wilkes-Barre PA seems to be a good deal but im not sure what its worth so i can make an offer. Anyone in that area can help me pull some comps? 

I analyze these homes over and over it it looks like the only way the numbers will work in my favor is if i for $115,000 and raising rent $25 per door. If the seller doesn't budge i will just walk away. @Sam Lloyd @Craig Garrow