Mortgage Loan Originator · Shrewsbury, PA · Member since 2016 · 3 posts · 3 votes
Hello, BP Community! I'm a loan originator with a long-established boutique brokerage in Hanover, PA and have done a few buy-and-hold deals so far. To move myself more quickly toward my buy-and-hold goals, I'd like to start flipping.
I'm very interested in networking with experienced flippers in the York area. Although I've lived in southern York County for the past 5 years, I'm not that familiar with the city of York, so my main goal at this point is to learn which neighborhoods in and around the city are most opportune for finding good flips.
I'd be excited just to meet over coffee and run things past each other . . . share stories about our past deals, lay out future goals, and toss around strategies for mutual feedback. I'm also interested in discussing what I might be able to offer anyone who could help me where I need help with market information.
Welcome to BP! Happy to meet over coffee. We both invest and manage properties in York, so we have some good data on the area. Reach out if you want to grab some time to get to know each other.
Hey @Steven Martin, welcome to BP! I'm a self-storage broker out of York, PA, but I also used to manage single family and commercial rental properties in York City. If you have any questions about the area and the competition, feel free to send me a message.
Hi, How is the residential multi-unit rental market in York County. I just purchased a multi-family home in York Haven and I am under contract to purchase another one in Spring Grove, PA.
@Saran Mandhadapu - It's pretty competitive, especially with flips, but it sounds like you're doing pretty well. How many units do you have in both? York Haven is a really small town.
I have a 5 unit in York Haven and 4 unit (3rd floor can be finished for 5th unit) in Spring Grove that I am closing in Feb. My strategy is to purchase 5+ units only with commercial loan outside of city limits. I am looking for 5+ unit properties in Lancaster, York, Dauphin and Cumberland counties.
How long have you been investing in York County? Is there demand for rental units? I see that crime rate is higher within the York city limits and there are many multi-unit properties for sale in York city.
How are your investments performing in this area? How is the vacancy rate?
Welcome to BP! Happy to meet over coffee. We both invest and manage properties in York, so we have some good data on the area. Reach out if you want to grab some time to get to know each other.