Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

33
Posts
15
Votes
Nicholas Williams
  • Philadelphia, PA
15
Votes |
33
Posts

Looking for properties

Nicholas Williams
  • Philadelphia, PA
Posted

Looking for foreclosure and fixer uppers in the Greater Philadelphia area/ suburbs. Having some trouble finding deals. Can anyone point me in the correct direction?

Most Popular Reply

User Stats

1,405
Posts
627
Votes
Mike Klarman
  • Specialist
  • NJ
627
Votes |
1,405
Posts
Mike Klarman
  • Specialist
  • NJ
Replied

So, the pipeline in to the Philly suburbs is hard to crack into because the deals are good and the good deals go fast and lots of them are held by wholesalers and even the wholesale deals are crap 75% of the time.

@Jeff Henderson and I are local to the area and have connections to various outlets that can offer viable projects.  We get deals all the time that come in, only about 20% of them are worth it and then you have to move quick.  Offer that day and deposit that afternoon.  It's that fast, but if you get in then a good deal out in the Philly Suburbs either Delco, or Conshohocken, or Ben Salem, Bristol will net someone 50k - 75k after taxes.  This is why getting in is so hard, no one wants to give up their seat at the table and there's only so many viable projects to go around.

Loading replies...