Pennsylvania, Poconos, Lehigh Valley

[Thomas N Dowling]

Hi.   I have started getting involved in buying (mostly foreclosed) single family homes in the Pocono Mountain area of Pennsylvania (Monroe County), for flipping and/or renting.  Most of the foreclosures around here seem to be owned by Fannie Mae.   

 I may also get involved in buying some lots suitable for building, if I can get them very inexpensively, as there is not now, nor do I expect there to soon be much building going on around here for a while, until the foreclosure market gets bought up more. 

I may also be willing to invest in the Lehigh Valley or Carbon County. 

Taxes are very high in Monroe county.    Most 3BR, 2Bath homes that are in good shape are worth close to $100k and have taxes around $3600/yr. 

I've bought two fixer-uppers so far, and am fixing them up now.  

This is my full time job now.   

I am a mechanical engineer by education, and have a background mainly in construction work.   I am using others to do almost all the renovation work, however, so I can concentrate on the business end, and in finding new deals.    

I have a lot to learn about the market and the business; and I'm on the way!