All Forum Posts by: Johnathan Cummings

Thank you for all of the responses, very helpful!

Hello BP, I’m looking at buying a property to flip. Currently the seller is an estate and they’re willing to seller finance for 2 years at a $600/month payment, 4% interest, $5,000 down. Currently there is a tenant in there that the estate inherited that has no formal lease and hasn’t paid in 6 months. If I buy this property what are my risks and what is the best approach to evict them, go through eviction process? My thought was to just offer them cash to leave. This is in Bethlehem PA.

Hello All, I have a client asking if they could buy a portfolio of 5 properties (at a "packaged deal" rate) and sell off two of them to recoup some of the initial down money needed to buy them. I haven't done anything like that before but figured I would ask. Seems to me it would be a bit complicated with any sort of lending. I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them? Any advice is welcome.

Hello all! Was wondering if I could turn one of my spaces into an assisted living multi-tenant facility as it’s in a great area for it and can be changed with a reasonable rehab. I’m not sure all of the regulations/rules to this in PA though. Anyone that could point me in the right direction or give any advice I’d love to hear, thanks!

Hello all! Was wondering if I could turn one of my spaces into an assisted living multi-tenant facility as it’s in a great area for it and can be changed with a reasonable rehab. I’m not sure all of the regulations/rules to this in PA though. Anyone that could point me in the right direction or give any advice I’d love to hear, thanks!

I have someone looking to sell a property in Easton near Lafayette college. It's a 3BR 2BA home and I was thinking of doing student rentals as it's close to the university and makes sense as a student rental. My question is for anyone that does student housing in the Easton PA. Not something I typically get involved with so was curious as to what rent/room is in the area. Any advice is welcome.

All very good points, I brought this up initially because I didn’t want to do something illegal or immoral, not my intent. I appreciate the feedback

Thanks Brandon!

Hey Scott,  thank you for the information, I appreciate your response. You bring up a really valid point!

Thanks Brady, I appreciate the additional details about protecting myself from the due on sale clause. I guess the issue I have is I have no paperwork that I can use to do this properly, will need to consult a local attorney to draft something.