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All Forum Posts by: Ralph Pena

Ralph Pena has started 2 posts and replied 141 times.

Post: Dead End Lead?

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

@Mary B., u really know your stuff. i just searched my LLC, and will use this one to search others. thanx

Post: GC warranty in Philadelphia

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

@Andresa Guidelli goodluck, and i hope everything works out in the long run. also congrats on getting that thing sold. 

Post: Real estate agent referral for West Philly/University City

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

@Patrick O'Neill  there u go. What better person to here it from then an agent who invest in that area! Hey @Rich Williamson, what type of attorney are you? 

Post: 1st Deal Analysis

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

But either way numbers sound good.  I don't know if you'll see those types of R.O.I. in giving your money to a bank or a C.D. or maybe even stocks.

Post: 1st Deal Analysis

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

you might want to do a percentage for vacancy, management ( even if your managing yourself. I mean u should be getting paid too), and repairs.

Post: Philadelphia 2-4 Unit Trash

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

yeah, it was 150 in the beginning.

Post: New Investor in the Philadelphia Area

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

Welcome @Ron J., If you don't mind me asking what type of work do you do for your full time job. Is it tradesmen work, like fixing houses? Me personally have problems finding great, CONSISTENT work. 

How big and fast are you looking to expand your portfollio? Seller financing may be a route you want to look into. Once you learn to negotiate terms you may be able to acquire a lot more with a lot less then conventional 20%, Also taking out a H.E.L.O.C. Hope this helps a bit.

Post: Wells Fargo Said I Need 6 Lines of Credit?

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

try banks like philadelphia fed credit union, or american heritage, or police and fire credit union.

Post: Starting out

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

welcome aboard. be careful who you choose. there are ppl out there who are scammers. goodluck

Post: How to find a broker to work under in Philadelphia?

Ralph PenaPosted
  • Rental Property Investor
  • philadelphia, PA
  • Posts 143
  • Votes 19

yes i have a family. It's hard I just do, it's something I really want so I make time for it. No simple way to explain it.