Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Property Q&A in Northern Liberties/ Fishtown : Real Estate Advice

  • All30
  • Local Info9
  • Home Buying8
  • Home Selling1
  • Market Conditions5

Activity 6
Fri Feb 14, 2014
Barbara Smith answered:
Multi family means there is more than one residence in a single building, like a row home that has been divided into two apartments.

So a duplex or triplex where the whole building is for sale would be listed as a multi-unit. If only one of the residences in that building is for sale it would likely be listed as a condo.

No common areas are shared, there would be completely separate living areas. Multi units are appealing for many buyers, especially if you plan to occupy one of the units in the building. The rents you get from the other units would help pay your mortgage and as long as there are 4 units or less, you can finance it with a residential mortgage. Over 4 units is considered commercial and would require commercial financing.

If I can be of any further assistance, please let me know.


Barbara L. Smith
REMAX Access
Direct; 609-980-7593
BarbSmith321@gmail.com
www.GetMovingWithBarb.com
... more
0 votes 3 answers Share Flag
Sun Jan 12, 2014
Jcannon04 asked:
--
This question was asked from this property: http://www.trulia.com/rental/3142288012-200-Blk-W-Girard-Ave-Philadelphia-PA-19122
0 votes 0 Answers Share Flag
Mon Nov 11, 2013
Lori Damsker answered:
Hi.
This one IS NOT available. Had it confused with another. If you truly want expert advice please contact me. I have been in Real Estate since 1989 with TOP AWARDS.

damskerl@aol.com
215-850-4524
Lori.Damsker@foxroach,com
... more
0 votes 5 answers Share Flag
Tue Oct 8, 2013
Alexis Jeffries answered:
Hi CMYeager,

Using FHA Lending would require only 3.5% of the amount of your loan as a down payment. Conventional financing could range between 5% down and 20% down.

I work with a lot of qualified Loan Officers.

Please contact me with your residential real estate questions in the near future!

FONDLY,
Alexis Jeffries
Liberty Bell Real Estate Agents
Of Jenkintown
Office Phone: 215-885-3332
Direct Phone: 215-237-4147
Direct Email: alexisjrealestate@gmail.com
... more
0 votes 14 answers Share Flag
Sat Sep 21, 2013
Larry Lichtman answered:
Hi,

That home was for rent. It was already leased. There are many homes available for purchase in the Olde City area. Please feel free to contact me to discuss your needs.

I'd be happy to send you available listings that may meet your preferences.

Have a great day. Looking forward to speaking with you soon.

All the best,
Larry Lichtman, CNE
Realtor, Property Manager
Your Real Estate Resource For Life
CELL/Text: (267) 254-7994

Liberty Real Estate Associates
924 Arch Street
Philadelphia, PA 19107
Office: (215) 625-4725
... more
0 votes 5 answers Share Flag
Sat Jan 21, 2012
Mike asked:
I'm preparing for 2011 income tax and this will be the first year dealing with my NOLIBS rental property. I know what I paid for it and the improvements I made but not sure how to value…
0 votes 0 Answers Share Flag
Search Advice
Search

Followers

652