Investors should avoid investing in western PA

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Investors should avoid investing in western PA

Tobias Stoll
Rental Property Investor · Member since 2018 · 69 posts · 19 votes

I experienced a very hostile environment for investors in western pa therefore I would advise everybody who thinks about investing there to think twice or even three times before making a decision on investing in this region

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Joe P.
Philadelphia, PA · Member since 2017 · 824 posts · 1k+ votes
7y

OP is referring to the entire western part of Pennsylvania. Clearly you will not find a single intelligent individual or any available deals in all the counties listed above. Thanks for the heads up!

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  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    @Chris K.

    This is one of the reasons of power of attorney in Germany mostly given to family members so they can handle everything if one person is not able to handle his stuff due to illness or something other like death... even after death this person this person has the ability to handle the will of the person who gave power of attorney

    And of course we have this for going business an owner of a company mainly give a limited power of attorney to a high ranking employee so the company can be run in his absence

    I made an appointment with the lawyer to avoid missunderstandings I just dont understand why for exsame a se of a property has to be notarized even though power of attorney was granted

    0Reply
  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    @Syed H.

    Dude I own real estate worth around 2 million...

    1Reply
  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    I send my senior year in Lancaster county

    1998 manheim central manheim was a very small town the auto auction was a small garage.... now look at Lancaster county 20 years later it's a vibrant booming region...

    0Reply
  • Darius Ogloza
    Investor · Marin County California · Member since 2018 · 1k+ posts · 2k+ votes
    7y

    This is really hilarious.  Some guy, who apparently lives in a foreign country, shows up with a piece of paper purporting to authorize him to sell a deceased person's property.  No probate case has been opened.  Nothing seemingly evidences that this "power of attorney" is genuine.  The realtor is (properly) skeptical.  The realtor, along with 2 million residents of Western PA,  is castigated as racist and stupid.   

    If you believe this one, I have a hoard of gold waiting to be shipped to you for a small advance payment to my Swiss account . . . .   

    2Reply
  • Syed H.
    Developer · NY/NJ/PA · Member since 2018 · 758 posts · 935 votes
    7y
    Originally posted by @Tobias Stoll:

    @Syed H.

    Dude I own real estate worth around 2 million...

     So? You still don’t know what your doing if your complaining about the little things. 

    And $2m in RE isn’t something that impressed me. Sorry I’m in nyc. A condo is $2M.

    2Reply
  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    @Darius Ogloza

    How stupid are you excuse my words I want to sell one of my properties and give a person power of attorney to sell it duuhhh

    0Reply
  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    @Syed H.

    Did I say it should be impressive I just wanted to point out that I know real estates

    0Reply
  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    @Jim K.

    I know how to handle racist like I said I am from Germany if you paid attention in your history class you should have figured out that probably my grandparents have been SS you know these elite guys in hitlers reichsmacht

    But I do want to point out that I am the total opposite of a racist I learned investment guidelines from Jews one third real estates one third stock market one third comodities...

    I highly respect Jews and any other ppl

    0Reply
  • Syed H.
    Developer · NY/NJ/PA · Member since 2018 · 758 posts · 935 votes
    7y
    Originally posted by @Tobias Stoll:

    @Syed H.

    Did I say it should be impressive I just wanted to point out that I know real estates

     And I’ll point out again, everything you stated in your OP means you don’t know much about RE. Owning $2m in RE doesn’t mean you know much in RE. I’ve met clients who have $50+M in RE that know absolutely nothing about it. 

    0Reply
  • Steven Warner
    Member since 2018 · 62 posts · 50 votes
    7y

    LMAO!!!!   

    This string is just too funny...

    I think you two should go on the road..  Nick and Jim that is... 

    Next up, why don't you two discuss "Rental opportunities in Palestine, The Country or the Territory???" 

    Seriously, this is the funniest stuff I have seen here... 

    1Reply
  • Jim K.
    Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
    7y

    @Tobias Stoll

    I would have to be a drooling idiot and completely ignorant of the facts of history to label every modern German a racist.

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Syed H.:

    Maybe real estate in the US isn't for you OP. Nothing you mentioned is unique to western PA. Everything you mentioned is absolutely normal. Maybe your not built for REI. It's not meant for everyone.

    If you think western PA is hard, don’t bother with all the primary markets in America. 

    keep in mind that in most countries Notary means something completely different than here in the US were a notary is nothing special.. A notary in other countries has the basic training of a lawyer hence they dig into the transaction more than our notaries in the US who simply are saying via your ID that who signed the document is the same person..  Nothing more nothing less.. that could be were he is getting hung up on why real estate can transact as a buyer without notary.

    In fact notary is not necessary on any document for a buyer in most jurisdictions in the US.. title companies sometimes want their CYA stuff notarized by buyer but its not the law.

    I buy a lot of real estate and like I said its not required.  

    so maybe that Is the confusion..  

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    2Reply
  • Darius Ogloza
    Investor · Marin County California · Member since 2018 · 1k+ posts · 2k+ votes
    7y

    Tobias Stoll = Troll

    0Reply
  • Dennis M.
    Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
    7y

    Someone’s lederhosen is on too tight .  Yes please don’t invest in western pa. We are all drunken   toothless rednecks out here . no good deals to be found or cheap properties to buy up . 

    1Reply
  • Judy Parker
    Rental Property Investor · Closter, NJ · Member since 2015 · 884 posts · 722 votes
    7y

    ".....it is a dying region the demographic situation is serious lots of old ppl...." Tobias Stoll

    What's wrong with "old people?"

    I realize you prefer to gentrify that area of Pennsylvania, but stop discriminating against "old people."

    0Reply
  • Joe P.
    Philadelphia, PA · Member since 2017 · 824 posts · 1k+ votes
    7y

    All -- I'd advise us just to let this sleeping dog lie. This guy came here seeking validation and didn't get any, and now he can move on. Hopefully he learned something from this exchange, and hopefully some of us did too. Move on with our lives :)

    2Reply
  • Account Closed
    Rental Property Investor · Canton, OH · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    @Joe P.

    I agree with Joe. Sometimes we post something and don't realize the type of responses that might come of it. (I'm certainly guilty of it). I'm sure he he has wnough feedback and can make the decision for himself now.

    1Reply
  • Tobias Stoll
    OP
    Rental Property Investor · Member since 2018 · 69 posts · 19 votes
    7y

    @Jim K.

    Now the whole country talks about racism and xenophobia... funny eh???

    0Reply
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