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Investment Properties in Philadelphia : Real Estate Advice

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  • Local Info305
  • Home Buying1K
  • Home Selling145
  • Market Conditions50

Activity 34
Thu Dec 29, 2016
Jack Barry answered:
Wed May 4, 2016
D37miller asked:
I live in Southeastern Pa and would like to know if I can use the equity in my primary residence to put toward a 20% down payment on a multi unit rental property ?
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Thu Feb 11, 2016
Tjrobinson610 asked:
Basically, which do I need to represent my best interest in a real estate transaction if selling to a real estate investor and why?
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Tue Feb 2, 2016
Dan Tabit answered:
Emlee,
An eviction potentially, but an investor can't start that process until they are the owner. If the tenants have a lease, you may be obligated to maintain it until it is up.

Some investors have tried a different approach, offering to waive or return rent and the tenants deposit if the are willing to leave the home early and in good shape.
... more
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Tue Jan 19, 2016
Info asked:
Looking to refi a mixed use property in Phila. appraised at 185K w/ 148K mortgage balance. Any lenders offering 80% LTV - OR with other options pls reply. Thanks
0 votes 0 Answers Share Flag
Tue Jan 27, 2015
Gwen Perseghin answered:
Hey Nicholas,
Probably by now you've come to some conclusions on the area but if not or you still require assistance let me know! I bought my first home in Point Breeze in 2011, still live there now and really love it. I'm working with a couple buyers looking in the area and we've seen most of whats on the market, so if you'd like to chat about anything let me know any time

gwen@jg-realestate.com
... more
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Thu Oct 30, 2014
Ann McGuire answered:
This would probably be best answered by a mortgage company or loan officer.
I have some contacts if you need.

Ann McGuire
Weichert Realtors
215.622.5070
215.493.0900
annrealtor@ymail.com
www.NewHopeRealtor.com
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Sat Aug 23, 2014
Andrew Janos answered:
Tue Jul 22, 2014
Sandra Hazeltine answered:
Wed Jul 9, 2014
Simon Campbell answered:
You need to use a standard purchase agreement to put the property under contract. I recommend extremely low balling an offer on a MLS property which gives you a copy of the legal contract. Take out all the information pertaining to the MLS and Realtors or the Association of Realtors etc.

Once you find a end buyer, you must decide how you want to close. If you will do a double close, then you just put your buyer under contract using a new purchase agreement (the difference between this purchase price and your contract price is your payment). If you will reassign your contract, you need to create a reassignment contract. This is a simple attorney drawn document. You may even be able to get a copy of this from websites endorsing wholesale R/E deals.

Make sure you have the correct clauses in both agreements to protect yourself and your buyers.
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Fri Jun 20, 2014
Jay Giller answered:
Michael,

I'd be glad to help if you are still interested. Let me know if I can help you locate some property.
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Tue Jun 17, 2014
answered:
From my experience, that score should be good to purchase. You will likely need 20% down.. because it will be a considered an investment/second property.


Daniele Seldomridge- Realtor
PA- RS313075
Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster, PA 17601
717-669-7894 cell - CALL OR TEXT ANYTIME
717-560-9100 office
dsel@homesale.com
... more
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Tue Jun 3, 2014
Sandra Hazeltine answered:
I would be happy to help you find something. I'm available via email/cell anytime.

Sandra
--
Sandra Hazeltine, REALTORĀ®
BHHS Fox & Roach, RealtorsĀ®
Center City-Rittenhouse Hotel
210 West Rittenhouse Square
Suite 406
Philadelphia, PA 19103
Mobile: 609.618.4119
Direct: 215.875.3357
Office: 215.546.0550
Fax: 215.546.9781
sandra.hazeltine@foxroach.com
... more
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Wed Mar 19, 2014
Hilary Lefkowitz-Karaman answered:
The best zip codes will depend on what your goals are in relation to investing in real estate. Are you looking to own rental properties; flip homes; develop land; hold and sell later? I would be happy to further discuss what areas in Philadelphia would be ideal for you.

Best,
Hilary

Hilary Lefkowitz Karaman
Weichert, Realtors
Investment Specialist
Director's Club
... more
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