PA is a big State and like in most States there are good,bad and better areas. I make it a point to invest near Universities because students have allocated funds unlke people with jobs that could be layed off.
For the sake of keeping peace (and keeping tenants, hopefully for a long time), could you offer to split the cost of the "lost food" with them? In the long run, fifty bucks would be a blip, and might keep the tenant happy for years to come.
And I would say, just speaking out loud, that the "next time" they wake up to find the door open, food spoiled, if they would take a picture of it "it would help guide the work when the GE technician arrives," you know?
The problem may be simply that the refrigerator is not properly leveled. If it tilts forward slightly or is perfectly level, then the door would have to be shut tightly to insure a good seal.
Have the refrigerator tilted slightly by raising the front legs. A 3 degree tilt (front higher than back) should be good enough to maintain a good seal, AND gravity helps close the door.
If you can do the repairs and rent the four right away then get one year from your friend for the other 2.Can you also put your name on the 2 that your friend will be financing? so the Title will be in both names? Put a smal deposit down on the 2 with a 90 day agreement in order to be able to show income from the four. This will help you get the financing. Since you will not be able to show the income on a tax return submit the Leases to the Lender,it may work. Try Washingtom Mutual ,they lend up to three or four units.
10% of what amount" do you have any equity in in property you bought 2 years ago to get a second? Have you asked your present lender if they can put a second or refinance you existing one? If this is a real good deal that will give you a good income shortly after you get it I would try this first. Another way is to use credit cards. Assuming the down payment required is not too high and you have access to cash on credit cards use them. Talk to them about a low interest rate for a period.
well with a 620 credit score, you can get 100% financing, and not need much out of pocket, and you could throw that on credit. If you can get the Seller to finance some of the cost, its a win win. The seller get tax deductible money and doesnt cost him a dime, and he still gets what he wants on his house. Talk to you realtor about seller financing
PA is a big State and like in most States there are good,bad and better areas. I make it a point to invest near Universities because students have allocated funds unlke people with jobs that could be layed off.
Thanks for the insight guys. Let me be more specific, how is the rental and RE market for appreciation in Philly and close areas of Philidelphia?
Maryland has the big influence on prices here. Franklin county is on the border much cheaper prices than in MD.
For the sake of keeping peace (and keeping tenants, hopefully for a long time), could you offer to split the cost of the "lost food" with them? In the long run, fifty bucks would be a blip, and might keep the tenant happy for years to come.
And I would say, just speaking out loud, that the "next time" they wake up to find the door open, food spoiled, if they would take a picture of it "it would help guide the work when the GE technician arrives," you know?
MC
[addsig]
The problem may be simply that the refrigerator is not properly leveled. If it tilts forward slightly or is perfectly level, then the door would have to be shut tightly to insure a good seal.
Have the refrigerator tilted slightly by raising the front legs. A 3 degree tilt (front higher than back) should be good enough to maintain a good seal, AND gravity helps close the door.
If you can do the repairs and rent the four right away then get one year from your friend for the other 2.Can you also put your name on the 2 that your friend will be financing? so the Title will be in both names? Put a smal deposit down on the 2 with a 90 day agreement in order to be able to show income from the four. This will help you get the financing. Since you will not be able to show the income on a tax return submit the Leases to the Lender,it may work. Try Washingtom Mutual ,they lend up to three or four units.
10% of what amount" do you have any equity in in property you bought 2 years ago to get a second? Have you asked your present lender if they can put a second or refinance you existing one? If this is a real good deal that will give you a good income shortly after you get it I would try this first. Another way is to use credit cards. Assuming the down payment required is not too high and you have access to cash on credit cards use them. Talk to them about a low interest rate for a period.
well with a 620 credit score, you can get 100% financing, and not need much out of pocket, and you could throw that on credit. If you can get the Seller to finance some of the cost, its a win win. The seller get tax deductible money and doesnt cost him a dime, and he still gets what he wants on his house. Talk to you realtor about seller financing
Hey give me a call or email me, and i can find out why they wont do it, or I will help you with the 100% finance.
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