All Forum Posts by: Marquise Reynolds
Marquise Reynolds has started 4 posts and replied 9 times.
Post: Recommendations For Tax Adviser/CPA In The Philadelphia Area
- Philadelphia, PA
- Posts 9
- Votes 1
@Garrett M. Thank You!
Post: Recommendations For Tax Adviser/CPA In The Philadelphia Area
- Philadelphia, PA
- Posts 9
- Votes 1
Hi I'm a local real estate investor that's looking for recommendations for a tax adviser that specializes in real estate investor taxes. Thanks in advance.
Post: Refinancing Multifamily Property Thats Not Properly Zoned
- Philadelphia, PA
- Posts 9
- Votes 1
@oren K. Thanks for the feedback.
Post: Refinancing Multifamily Property Thats Not Properly Zoned
- Philadelphia, PA
- Posts 9
- Votes 1
Originally posted by @Oren K.:
Banks always give you a hard time ;).
But seriously - The bank as part of their DD will likely uncover this and ask you to fix it. If you don't, they will likely refuse the loan as it presents a 'risk' factor they don't want to deal with.
Your should inquire what it takes (time, cost, etc) to get an after-the-fact variance and possible consequences of not getting it (e.g. violation notice, not getting occupancy permit, ??). Build this into your pro-forma / plans.
IMO - Bad as any situation is, trying to cover it up virtually always makes it worse.
Oren
Post: Refinancing Multifamily Property Thats Not Properly Zoned
- Philadelphia, PA
- Posts 9
- Votes 1
Hello to all. I have a question about refinancing a three story property that has been rehabed into three apartment units. The property has zoning rated RSA-5 which as i understand is usually for single family homes but can be converted to a multifamily dewlling with a variance permit. Does anyone have any experience with refinancing a multifamily property that is technically zoned for single family (withoiut permit)? Do banks give you a hard way to go about this? Thanks in advance.
Post: Looking For Professional Recommendations In Philadelphia PA.
- Philadelphia, PA
- Posts 9
- Votes 1
Thanks for the advice Steve, I'm working on joining HAPCO now!
Daniel James I'm looking for management for a property located in the strawberry mansion section of Philadelphia.
Post: Looking For Professional Recommendations In Philadelphia PA.
- Philadelphia, PA
- Posts 9
- Votes 1
Hello everyone, I was wondering if anyone has any companies they recommend for property management in the Philadelphia area? I'm also looking for a real estate attorney and CPA. Thanks in advance.
Post: New Investor with Cash Deal and no realtor.
- Philadelphia, PA
- Posts 9
- Votes 1
Thank You Both for the advise.
Post: New Investor with Cash Deal and no realtor.
- Philadelphia, PA
- Posts 9
- Votes 1
Hello everyone,
I'm a new investor working on a deal. I'm ready to purchase the property and I wanted some advice on how to proceed with the tittle transfer etc. I'm basically handling everything myself and just wanted some pointers on things I should look out for. Thanks in advance.