All Forum Posts by: Victoria Dransoff

Thanks for the response. Unfortunately, I pulled out of this deal due to the non-responsiveness of the seller. There were weeks of back and forth prior to me being able to get in to the occupied units. I walked through the properties and was willing to move forward, but asked that the seller take care of the U&O. I waited a week, my agent continued to hound them for a response-nothing.  I decided to let it go as I didn't want to continued to be tied up with a deal that probably wasn't going to happen.

Will do, thanks!

I haven't been too good about seeking advice in the past and have made a lot of decisions based on my gut feel and info I get from BP, but on this one I am really conflicted.  So I could use some help.

I have had a duplex (16 yrs - house hack) and single (1 yr - BRRR) in north Pottstown, PA 19464. I know there are many BPers who don't like to invest in this area, but I am happy with the performance despite the borough red tape.

I found 4 row homes (same block, same layout) in the same town (a few blocks north of the 'war zone'), they were purchased super cheap by the current owner and renovated around 3 yrs ago, 3 of the 4 currently have tenants @1200/mo.   The plan was to purchase in December, refi in June, payback $140k in personal loans, take the cash and look into some bigger opportunities.

Before I get ahead of myself, here are the numbers:

The owner was looking to sell all 4 as a package for 200k (50k each).  I was able to see the vacant unit and it looked like the quality of the reno was pretty good.  Because I didn't have enough cash for the whole enchilada, I made an offer of 38k each for 3 - we haggled and settled on 44k each.

I finally got into the occupied units yesterday and while the condition is not terrible, they will definitely need some love if I want to get as much refi $ as possible.  E-praisal values would have  me net @221k, so after I pay back my loans I would have @81k to work with. 

There is another deal though that has caught my eye - portfolio of 18 sf properties that after all expenses would net @9800/mo - currently all are rented. I of course like this cashflow better, BUT . . . . my cash would go into a down payment. I am not sure how to value the portfolio to estimate what I could get if I were to refi. I want to go for the 'big fish', but want to make sure my BRRR machine can continue run and my portfolio can grow.

Any advice is welcome (please be gentle).

Please send me the financials.

Sorry about that!

11xx Mc Arthur Ave

20k cash purchase

New tenant in place w/1 yr lease, $625/mo.

Tenant pays all utilities

I am a buy and hold investor in PA considering purchase of a 3 bed 2 bath in Dayton, OH.  

Is anyone familiar with this area? seems like there is a lot of reasonably priced properties in the area.  

Ohio folks-any opinions?

Thanks!

Great!! I will be in touch.

Hey Greg!

Unfortunately, someone beat me to this one!  Do you work in Montgomery County?  I have another rehab coming up soon and have yet to find a contractor I am happy with.

Let me know if you are interested.

Thanks!