Hi , Im looking for multi or single family rentals to get into. I am hungry , determined to build a portfolio , i have a w2 job and if you are open for questions id love to pick your brain about different paths to take because philly is booming with property and alot of prices i cant touch so i need to find a different route. If anyone has any experiences with being a landlord or purchasing here id love suggestions or thoughts.
Depends on your buying power and strategy. Philadelphia itself has 60+ neighborhood. What exactly are you wanting to do? How will you finance? How soon do you want to purchase? And more.
Finance wise i have to speak to multiple banks to see what i am approved for or if i went heloc route. I want to acquire multiple duplexes and triplexes and hold is the goal in low income areas. I would use cash for sheriff sales up to 30k but to rehab or regular deals i would need financing.
Southwest philly , ogontz area , even some parts of south philly towards front st.
I have a low debt to income ratio and excellent credit but i dont have any relationships with local lenders or banks yet. I would like to acquire 1 property by this year if sfh because lower funds i have then need be.
also , if i i plan to renovate sheriff sales should i have a predetermined scope of work with types of materials i will use and stick with same products in everyjob to manage spending easier
Hey Anthony. I'm an investor/realtor in the city. I manage my own properties and work with almost 100% investor clients, and have a great team in the city. I would be more than happy to answer any questions you may have.
@Anthony Feoli , I can help you. My team team and network has several local connections in Philadelphia, to Hard Money, Private Money, Construction Management, real estate agents, etc. Feel free to message me.
@Jerome Lewis Jr I’m hungry and we’ll and don’t know philly at all looking to invest though. Any help looking for a hard money lender as well
@Brendan Markle are you still interested in helping people I’m looking to invest in philly ?