Philadelphia, PA · Member since 2015 · 5 posts · 2 votes
Does anyone have any suggestions on how to acquire funding for their first flip. I'm a realtor in Philly, looking to transition to investor. I have over 9 years experience in the Philly market. An ideal situation would be no money down, and I will monitor the scope of the project. Any advice would be greatly appreciated.
Investor · Gilbertsville, PA · Member since 2013 · 54 posts · 17 votes
9y
Hi Iris, Well i guess the age old addage applies: Find the deal and the money will find you. I would join some investor groups in Philadelphia. DIG is big and so is HAPCO. There you can network with other investors who are always looking for good deals.
Investor · Gilbertsville, PA · Member since 2013 · 54 posts · 17 votes
9y
Hi Iris, Well i guess the age old addage applies: Find the deal and the money will find you. I would join some investor groups in Philadelphia. DIG is big and so is HAPCO. There you can network with other investors who are always looking for good deals.
Philadelphia, PA · Member since 2015 · 5 posts · 2 votes
9y
Hi, Ryan!! I am looking to flip in the following areas Point Beeeze or Germantown sections of Philly. Looking to acquire property from 80K-150K. Resale for point breeze average 275k and up.
Yes, I have a few contractors I have dealt with on prior deals.
Professional · Philadelphia, PA · Member since 2015 · 17 posts · 12 votes
9y
I've been look a lot in the Germantown area as well. Price points are reasonable, and lots of multi family listings. Locations closer to Chestnut Hill/Wissahickon Valley Park are really quite nice. Commercial areas (Germantown Ave/Greene St.) seem depressed at the moment, but it's easy to imagine more bustling streets with nicer retail, restaurants and bars. Rents are pretty low, but I'm optimistic they will increase with time as the area improves. Germantown also has an intriguing history, and many historical landmarks. Curious if others see similar upside in Germantown?