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All Forum Posts by: Michael Lenahan

Michael Lenahan has started 17 posts and replied 93 times.

Post: Need a master plumber in West Philly

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53
I'm looking for a referrals for a master plumber to repair/replace crack in sewer pipe. Can anyone point me in the right direction? Thank you!

Post: Pro Perks(TransUnion SmartMove)

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Thank you @Michael S.

Post: Pro Perks(TransUnion SmartMove)

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

I'm a PRO member, where do I fine the discount code?  @Paul Ewing @Sara Jackson

Post: Actual Value vs Replacement Cost Insurance

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Awesome.  That makes sense @Ed O.

Post: Actual Value vs Replacement Cost Insurance

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Thanks @Tim Puffer.  That information is helpful.

Post: I'm buying in Philadelphia

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

@Shawn Connorsless than 45k for acquisition.

Post: I'm buying in Philadelphia

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Hello Philadelphia investors,

I'm actively looking to buy SFR in West Philadelphia, cash and quick close.

Anyone looking to sell or know someone that is I'm interested in talking.

Mike

Post: Actual Value vs Replacement Cost Insurance

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Hi, thanks for the comments everyone.  I now understand the differences between replacement and actual value. 

Now I'm trying to understand the which is more advantageous to the "buy and hold" investor.

Which type of insurance do investors typically go with and why?

Post: Actual Value vs Replacement Cost Insurance

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Hi, 

Anyone have any experience with replacement cost insurance?

I'm considering it on my 4 houses in west Philadelphia.  I currently have a landlord policy with Allstate that has actual cash value. 

The quote I got with the replacement cost insurance is %33 more.  Not sure if it is worth it?

Post: HUD Properties - strategies to win

Michael LenahanPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 95
  • Votes 53

Hi Pro Members,

Can anyone share and tips or insight on bidding on HUD properties? I live and invest in West Philadelphia.

I understand the bidding process and the different rounds of bidding (non profit, owner occupant, investor), but I'd like to know if there are loop holes or back doors to the process that can be exploited to help me win more bids.

Thanks!

Mike