Trying to find a successful rental strategy

[Matthew Dekker]

Hey everyone.  Just starting out in rental property investing and want to get into the Philly area.  Any advice on some good strategies that are currently working in and around Philly? At this point, I do not have a ton of cash to spend but I don't want that to be a barrier to entry for me.  Any advice helps!  Thanks

[Sheryl Sitman]

@Matthew Dekker  that is a very broad question.  Philly can be a good market to get into because of the low barrier to entry price wise - but you can fall hard if you buy wrong... (and that is true anywhere of course). There is quite a bit to learn so I would say get moving - read, go to meetings, consider working with someone who can help you jump the learning curve, set meetings with potential team members. I run the Philadelphia Landlords Connect group and the range of challenges that investors face is significant. So the best first steps you can take is to educate yourself -- you need to know how to invest smartly AND how to be a landlord.