All Forum Posts by: Chaits J.

@Kevin Moyer : Thanks!!

@Nicky Lisewski @Joseph ODonovan @Kevin M. @Max T. @Troy Sheets

Thanks a ton for all your answers. Also are there any issues in buying empty lots ? I am particularly interested in Germantown area. Are there any city laws/issues that i should keep in mind when it comes to buying empty lots in residentials areas ?

@Nicky Lisewski : Thanks a lot for your inputs. I will definitely start looking in those areas. How is Hartranft area?

@Kevin Moyer Thanks a Tom for your advice. Any referrals for an investor friendly RE agent?

@Kevin M.: Thanks for your response. What are typical property management fees like, if I like to outsource property management headache.

Hello All,

I am a buy and hold investor from Princeton,NJ and looking to expand my portfolio into Philadelphia. I don't have any idea about the neighborhoods apart from driving in and out of the airport. I have been thinking of exploring philly area because of the proximity and started looking online into areas around temple university.  I am actually surprised to see some online listings claiming 12-13% cap on student housing rental properties. What is the ground reality there? Really appreciate if you can refer any local knowledgeable investor friendly RE agents.

Thanks!

@Angelo Mart thanks a lot for your response. Do you know any one that you can refer me to at this bank.

I have my previous primary residence( which is converted to a rental now) that I am looking to get a HELOC on. Property is in NJ with 60%( around 240K) equity in it. Please suggest any local banks that are investor friendly.

Hello All,

Need some expert advice here. My friend and I are partners in a side hustle RE firm with 4 condos in our portfolio. We both have full time jobs that are a bit demanding. His job is more demanding and earning compared to mine.

Instead I have decided to spend more time on property management of our future properties compared to my business partner and want to propose him below and need some expert advice on the same.

While purchasing the property, can I ask him to fund 55% of the deal compared to my 45% where as I take care of all future property management tasks post closing that includes on boarding a tenant, any maintenance tasks there after.

Is that a fair offer, thoughts?

P.s: We both have 50% ownership in our RE company and we usually buy out properties. Currently we both are sharing property management tasks but not very efficient . I feel it should be a one partner role.

Thanks all for your inputs!