Newbie from Philadelphia, PA

Hi everyone, my name is Josephine Parson, and I am newbie from Philadelphia, PA. I took an interest in real estate investing in 2006. I've been a homeowner for 14 years and in 2006, I purchased my first rental property generating a positive cashflow of $230.00 a month. My goal here at biggerpockets is to learn ways in finding great deals and partnering with investors in completing those deals. Ultimately, as time goes on, I will be learning to master the art of becoming an experienced real estate investor.

Edited: 06/26/2010 at 05:20AM

Michael Shadow

Multi-family Investor · Bellefonte, Pennsylvania

1,042 posts
9 awards
49 influence

Jun 16 '08, 09:39 PM

Welcome to the site Josephine. It's great to have some more people here from PA. Are you thinking about purchasing a second investment property in the hear future?

-Michael

Edited: 06/26/2010 at 05:21AM

Account Closed

691 posts
2 awards
50 influence

Jun 16 '08, 11:12 PM

Welcome Josephine,

Sounds like you are well on your way. The first investment helps you to overcome the fear of getting started, and every deal teaches you and motivates you. Good luck on your pursuits, and keep us informed of your efforts!. Thanks, Mike S.

Edited: 06/26/2010 at 05:21AM

Josephine Parson

Homeowner · Philadelphia, PA

15 posts
50 influence

Jun 17 '08, 04:43 AM

Yes, I plan on doing more investing in properties. Actually I am looking to partner with people in buying properties and splitting profits here in the Philadelphia, Delaware County area. I am taking a course in Pre-forclosure and beginning my marketing strategies with flyers and business cards. So hopefully this site will help me out a whole lot.

Edited: 06/26/2010 at 05:21AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

Donor Pro

11,044 posts
24 awards
92 influence

Jun 17 '08, 04:58 AM

Hey Josephine! It is great to see that you've gotten the forums figured out (sorry about the problems with your account). I see that you've gotten a few of your questions answered, and I hope that we can continue to do so.

Let us know if there is anything that we can help you with!

Best,
Josh

Edited: 06/26/2010 at 05:21AM

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Josephine Parson

Homeowner · Philadelphia, PA

15 posts
50 influence

Jun 17 '08, 05:15 AM

Hi Josh, this forum is great. Yeah, I did have some small difficulties with this site in the beggining, however, I am a fast learner and I caught on quick. I got a response from an investor who may be interested in doing a deal with me. So I will let you know how that works out.

Edited: 06/26/2010 at 05:21AM

Robin Vidovich

Real Estate Investor · Reading, Pennsylvania

227 posts
1 award
50 influence

Jun 17 '08, 06:05 AM

Josephine,
I am in your general area. Have been investing for a while and also wholesale.

Which pre-fore closure course are you doing? I am going to one in NJ mid July.

Welcome to the forum and you have already made the first step which is often the hardest in investing.

rdinvestors

Edited: 06/26/2010 at 05:21AM

Josephine Parson

Homeowner · Philadelphia, PA

15 posts
50 influence

Jun 17 '08, 09:45 AM

It's nice to know that I have an investor in my general area. I have some experience in investing. I have one rental property, tenant occupied for the last two years generating a monthly positive cashflow of $230.00. The house was a total rehab. I am a student of the Short Sales Magic Program with Tom Butler in Pre-Forclosures.

Edited: 06/26/2010 at 05:21AM

Josephine Parson

Homeowner · Philadelphia, PA

15 posts
50 influence

Jun 22 '08, 07:33 AM

Hi rdinvestors,

I was reading your website Realestate Development and came across the acroymn MAO. What does it stand for? :roll:

Edited: 06/26/2010 at 05:23AM

Alfred Castillo

Residential Real Estate Agent · Bronx, New York

84 posts
1 award
50 influence

Jun 22 '08, 10:30 AM

Hey Welcome! I am looking at this moment to invest over there in Phili.

Edited: 06/26/2010 at 05:23AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

Donor Pro

11,044 posts
24 awards
92 influence

Jun 22 '08, 11:03 AM

This should help you, Josephine:
http://www.biggerpockets.com/abbrev.html
You'll find all the abbreviations you need.

Make sure you check out all the links on the left of the page, as there is a ton of useful info, articles, and resources to help you out!

Edited: 06/26/2010 at 05:23AM

Josephine Parson

Homeowner · Philadelphia, PA

15 posts
50 influence

Jun 26 '08, 06:38 AM

Thanks Josh for the link to the Real Estate Abbreviation page. MAO (Maximum Allowable Offer). This page is very helpful. I have added it to my favorites. :beer:

Edited: 06/26/2010 at 05:25AM