BiggerPockets

WeSellHomes2Fix.com Blog - First thing First

Thursday, September 03

This blog is started to educate people in real estate investing. Much of it will be targeted to our local market in Philadelphia. It will come from experience and will have no B.S.

Topic 1
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The main rule of real estate investing is to buy right.
- All the fancy dancy ways of acquiring a property do not matter unless you are buying at a deep discount. I dont care how creative you are trying to get with your buying, but it doesnt matter if it is not at the right price. The right price in the Philadelphia market is no more than 70% ARV. Learn how to comp out properties and dont force a deal. We get 100 leads/ week to find 10-12 deals per month. You do the math. If we purchased like the local failed investor at 80-90% ARV, we would be able to buy every property on the table and end up broke in 2 months. If you dont believe me, find out what your local big buyers buy at. They arent big buyers by buying at top prices, trust me.

Feel free to also folllow my other blog at http://phillyrei.blogspot.com/