All Forum Posts by: Ryan Hoer

@Chase Whiteman the only one I found was WSFS. They would only go to 70% LTV.

@Nevada Kaler welcome. I have rentals in coatesville and downingtown. Let me know if I can be of any assistance as you navigate through everything.

@La Vette Beasley call turtle tech. They’re great.

@Anders Nordberg happy to discuss and share numbers. I have a duplex in downingtown as well. Send me a private message and we can connect.

@Anders Nordberg we have a 3 bed 1.5 bath house on the other side of the tracks. We received a lot of response as the pandemic hit and it rented relatively quickly for $1,825. From your posting I was having trouble determining if it’s a detached house or if it’s a 4 bed apartment. The rent might be high if there is another unit in that building. If there is not, I would adjust the post to say house for rent because the response I got when renting our house was that they really liked the privacy of a detached property than an apartment. Happy to discuss the area if you’d find it helpful.

@Jonathon Leib I got a HELOC through WSFS, but they would only do 70% on an investment.

@Anthony Venezia sounds good. Good luck with your search. I’ll update you when the heloc is finalized.

@Anthony Venezia it was an approved short sale in the mls. I'm hoping for $100k ARV, but hard to say where it will come in. Zestimate is $119k which I know doesn't really mean anything, but I can't find anything as nice as what we have for less than $100k. Working with a bank on the heloc and should know within the next two weeks.

@Anthony Venezia sure thing. We bought a twin for $40k and did a ton of work on the property (mostly myself) and we’re all in for about $72k. Put it up and rented it almost immediately for $1,200. I’m working on putting a heloc on the property now so I can hopefully do it again. Unfortunately I haven’t found anything close to these numbers recently.

@Anthony Venezia hi Anthony. I’m in the process of wrapping up my first brrrr in coatesville. Rehab is done and the property is rented just waiting to see what the refi will work out to. What areas of Montgomery county and Delco are you focusing on?