New & eager young professional from Philly looking to invest

Philadelphia, PA · Member since 2016 · 21 posts · 13 votes

I am currently working as a corporate acquisitions paralegal for a REIT in Philadelphia. Real estate has always been something that motivates me and I eager to begin learning the process and foundations of investing from experts in the field.

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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
10y
Welcome to Biggerpockets Kelly. Great to have you on the site. Make sure to check out Education for all your REI learning. Good luck in your REI journey
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Paulette Midgette
Investor · Philadelphia, PA · Member since 2014 · 344 posts · 276 votes
10y
Welcome Kelly!
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Kelly Bochna
OP
Philadelphia, PA · Member since 2016 · 21 posts · 13 votes
10y
Thank you for the warm welcome, looking forward to this journey!
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Troy Sheets
Developer · Philadelphia, PA · Member since 2013 · 1k+ posts · 902 votes
10y
Welcome! You're in the right place to learn about Philadelphia real estate and it sounds like you've already got a leg up on most new investors with your day job.
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Kenneth HynesPro Member
Rental Property Investor · Easton, PA · Member since 2013 · 357 posts · 92 votes
10y
Welcome Kelly You aer in the right place to begin your journey BP is a great resource. Full of great tips and reads. One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on. good luck ken
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Gregory H.
Real Estate Agent · Philadelphia, PA · Member since 2013 · 451 posts · 369 votes
10y
@Kelly BochnaYou have a head & shoulders start above nearly all new RE investors. Working at a REIT, you are surrounded by professional investors who have the connections, knowledge & financial modeling capabilities to help you find the best deals and work with the best team of lawyers, accountants, brokers & contractors. Many of them probably have their own investment properties on the side. Start chatting up your co-workers, find out the people they use, the areas of Philly they invest in personally, and once you do find deals, have them review your numbers then connect you with their bankers. I'd say good luck, but you shouldn't need it if you leverage your office environment properly.
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James Brand
Investor · Philadelphia, PA · Member since 2014 · 205 posts · 52 votes
10y
Hey @Kelly Bochna,
Great advice already on this thread. Just to add one other tip, in addition to all the resources here, podcasts, webinars, etc. I would check out BP's reading list (link below). As you check off titles on this list I think you will find that you are more enlightened about REI.
Best of Luck!
21 Best Real Estate Books
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Kelly Bochna
OP
Philadelphia, PA · Member since 2016 · 21 posts · 13 votes
10y
Thank you @Kenneth Hynes @James Brandand @Gregory H.for all the great advice! I really appreciate it and accept all the guidance I can get.
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