All Forum Posts by: Marita Jojo

@Chris Seveney what other info you need? What is rental delta?

@Chris Seveney plan to keep it

Need help with ROI

Single Family

Purchase Price - 260k

Taxes - $10k

Rennovations - $30k

Rent - $4k/month

ARV - $400k

If I convert it to multi family - 4 units

Purchase Price - $260k

Taxes - $10k

Rennovations - $110k

Rent - $5k/month

ARV - $500k

Please advise what will be the best option to move forward.

Thanks

Looking to get feedback on the best cloud service you are using to store the data like contacts, photos etc.

Tenant lease expired but he wouldn’t move out. We went to the magisterial court and got a judgement for eviction. However, the tenant has appealed and now the date allotted is mid next year. Anyone dealt such case in PA or other states before? If yes, what is the best way of handling this situation. Please advise.

We did background checks of a few tenants and selected the best. One of the tenant that was not selected of asking for the report and send the copy of paystubs back in email. Is this required by law or safe to send for all applicants ?

1st LLC - 12 Properties

7 properties - Loan with Bank A

5 Properties - Bank B refused refinancing as overall tax return shows loss last year due to properties under construction

2nd LLC - 7 Properties

7 Properties - No loans - Bank B giving max refinancing of $300k at 6.5% for 2 properties.

The 2 properties are worth - $275k + $375k =

$600k

Should I take the money out of the properties or not in 2nd LLC?

How to handle denial for 1st LLC? Is it common for all banks?

1st LLC - 12 Properties

7 properties - Loan with Bank A

5 Properties - Bank B refused refinancing as overall tax return shows loss last year due to properties under construction

2nd LLC - 7 Properties

7 Properties - No loans - Bank B giving max refinancing of $300k at 6.5% for 2 properties. The 2 properties are worth - $275k + $375k = $600k

Should I take the money out of the properties or not in 2nd LLC?

How to handle denial for 1st LLC? Is it common for all banks?

@Dan Heuschele Thanks for your time! Yes trying to understand every possible reason for this delay in the sale!

@Todd Jones Many Thanks for your suggestions!