Hey everyone, I’m based in the Southampton area and just getting started in real estate investing. I’m currently trying to learn how to find potential deals and understand what makes a good one.
If anyone here is investing in the surrounding suburbs, I’d love to hear what types of properties you’re focusing on and any advice for someone just starting out.
Hey @Carlos Palestino, you’re close to my neighborhood! I can’t help much with local real estate since I co-invest all over the country these days, but I do have one rental left in Hatboro.
Around Southampton, I’d look closely at Warminster, Hatboro, Willow Grove, Horsham, Bensalem, Levittown, and parts of Northeast Philly if you want better cash flow potential. Southampton, Newtown, Richboro, and Yardley can be great areas, but prices are often high, so they may work better for long term appreciation than immediate cash flow. Southampton rents are solid, but purchase prices are also elevated, so the numbers need to be stress tested.
my suggestion is to pick one strategy first instead of trying to learn everything at once. I’d start by learning how to analyze small rentals, purchase price, realistic rent, taxes, insurance, repairs, vacancy, financing, and property management. Then run 20–30 practice deals before making offers so you start seeing what works.
Welcome, Carlos! Getting started by learning how to evaluate a good deal is such a smart first step. I’d recommend paying close attention not just to the purchase price, but also to rent potential, repair costs, financing, vacancy, and how the property will operate after closing. A deal can look good on paper but become difficult if the day-to-day numbers don’t work. I’m always interested in the operational side of real estate, so I’d be glad to connect and compare notes as you learn. Excited to follow your journey.
Hey @Carlos Palestino, you’re close to my neighborhood! I can’t help much with local real estate since I co-invest all over the country these days, but I do have one rental left in Hatboro.
Around Southampton, I’d look closely at Warminster, Hatboro, Willow Grove, Horsham, Bensalem, Levittown, and parts of Northeast Philly if you want better cash flow potential. Southampton, Newtown, Richboro, and Yardley can be great areas, but prices are often high, so they may work better for long term appreciation than immediate cash flow. Southampton rents are solid, but purchase prices are also elevated, so the numbers need to be stress tested.
my suggestion is to pick one strategy first instead of trying to learn everything at once. I’d start by learning how to analyze small rentals, purchase price, realistic rent, taxes, insurance, repairs, vacancy, financing, and property management. Then run 20–30 practice deals before making offers so you start seeing what works.
Hey everyone, I’m based in the Southampton area and just getting started in real estate investing. I’m currently trying to learn how to find potential deals and understand what makes a good one.
If anyone here is investing in the surrounding suburbs, I’d love to hear what types of properties you’re focusing on and any advice for someone just starting out.
@Denise Supplee is being modest, so I'd hit her up for a coffee meeting, you buy, and pick her brain.
Hey everyone, I’m based in the Southampton area and just getting started in real estate investing. I’m currently trying to learn how to find potential deals and understand what makes a good one.
If anyone here is investing in the surrounding suburbs, I’d love to hear what types of properties you’re focusing on and any advice for someone just starting out.
Welcome to BP - are you leaning more towards something in need of rehab (BRRRR or flip) or a true turnkey (cash flow Day 1)?
Hey, whats up Carlos? Bristol Borough is where it's at right now. Parts of Philly have become affordable for first time investors again... as well as forced appreciation always has value. I'm working on a property in plymouth meeting atm and then hopping over to Pottstown. It's not like it was in the early 2000s or 2010s where you're targeting whats next to be "gentrified." It's more property specific. Know your price points. Then seek and destroy! Haha I'm a numbers nerd, an MLO as well as a GC. Feel free to pick my brain if youd like. I know how hard it was for me starting out, I enjoy helping out new investors.