Looking for connections in greater Philadelphia area
Hello BPers, glad to find this amazing community!
I'm a newbie looking to connect with seasoned investors/realtors/brokers/wholesalers/contractors/attorneys/property managers to learn the dynamic of the market and start building my future team.
I've a full-time job so flip is probably not my thing. But I like the BRRR strategy and I'm thinking to start with a multi-family, force appreciate and rent out. My questions is, which area shall I focus on? I heard people talked about University city, Manayunk,Roxborough, the main line....Also, if i have 500K to play, what price range brings the best return?
Thanks everybody for your help!!!
Most Popular Reply
Hi @Li Zhang,
I would recommend checking out our local REIA group, DIG (or Diversified Investor Group).
They have a main meeting in Ambler, PA but they also have subgroups all over the South Eastern PA area (including the Chester County subgroup in West Chester).
It's a great way to meet other investors/brokers/wholesalers/etc and learn about a slew of different Real Estate investing strategies - which will help in making a decision in terms of what area to focus on and what's best for you. It's actually where I gained a large amount of my investing knowledge, especially early on in my career. And I still go to meetings and learn things/meet new people all the time!
Hope this info helps and hope to see you at a future event!
Best,
Dave
P.S.
If you have 500K to play around with and not a lot of time, sounds like you'd be more of a passive investor. So you may be more interested in Hard or Private Money Lending side of Real Estate or Note Investing. Best of luck! Feel free to PM me if you ever have any questions.