All Forum Posts by: Jeff Brower

In my neck of the woods you do not have to accept section 8. I put in my ads 'home is not section 8 qualified', this is my way of saying that I do not accept. I get folks who are on the program trying to call me and explain how I can get it in the program so that they can try to rent it from me, though I already know the rules. Even if you put in your ad 'no section 8', you will still get people asking the question. Its amazing how I put this right at the top of my ad, but 50% of the people inquiring are asking me if I accept. I respond 'no sir/ma'm, it says that in the ad'. Very frustrating.

Everything here is status quo in my opinion. There has been a little bit of a cooldown in the hot market that has taken place over last two years due to rates increasing this summer. That is predictable in just about any area though.

ah, Im sorry, I did not read close enough. I see now that you mentioned this. How about a heloc? Sometimes banks will do these easier, depending on ltv they may not even do a real appraisal. Just a thought.

Resist the urge to finance until after you complete the rehab if you can. Once you are done, the properties will be worth more and most likely easier to finance because they are ready to rent. This is the whole strategy behind the BRRRR method (search for more). You will be able to pull out much more if you wait, and that larger amount of capital will help you get the ball rolling faster. You will be leaving dead equity in your houses if you finance now before the rehab.

@Herbert Reihner thank you! 

@Herbert Reihner what time do you all meet on the last Tuesday of the month at the brew co? Going to try to get there on 11/27.

$200 fee and $25 per month per pet. I purchased a duplex that had good carpet and is now occupied by one small dog and a cat (didn't want the cat but accepted after 3 mos of vacancy). If carpet gets ruined by the pets, then this amount will help pay for me to install plank flooring which is much more pet resistant.

Have a look at Brandon's article, but read the comments and replies. There is a lot of gold in the comments that relate to your question.

Hope this helps.

https://www.biggerpockets.com/renewsblog/forget-brrrr-try-barrrr/?utm_source=newsletter

Why not wait for a good multifamily to pop up near where your current job is in north jersey? Is your reason for looking in PA merely a pricepoint issue?

second what @Jaysen Medhurst said. Bad idea..... even worse posting about it on a public online forum with your name stamped on it.