Advice on the Philadelphia market?

Question

Hey, I am new to Real Estate, but it always been my passion and dream career. I am currently looking to invest in the Philadelphia market in February 2018. At the moment I work full time for the city. I continuously educated myself on Real Estate, and I am putting pieces together to execute my strategy into Real Estate. Any information is greatly appreciated.

John Knisely · Answer

Hey@Kuran Rudd, welcome to BP! There are a lot of great people here on the forums with experience in Philadelphia. Might add some details on the type of investing (buy and hold, flip, BRRRR, turnkey etc) and where in Philadelphia you'd like to target. The city is very diverse and you can buy a property for 50k or 500k within less than a mile drive.

There are also a lot of great networking groups you should check out. Meetup.com is a good resource for these. A few offhand that come to mind include DIG, GPREIA, RING, etc.

General advice on the Philly market: Know your target neighborhood as they can change quickly. Network, you will meet a lot of good people and good investors. Always use your turn signals when merging and changing lanes on 76! Feel free to message me if you want to chat.

Scott C. · Answer

Check out the podcasts. A lot of great info on there with experienced investors who were right where you are.

Kuran Rudd · Answer

Hey @Steve Babiak, thank you for the welcome! In addition, thank you for the suggestion. I would definitely take your suggestion serious and look into it. Glad you responded with that information.

Kuran Rudd · Answer

Hey, thank you for the welcome @John Knisely. I glad to have finally made it to the discussion forums. I was born and raised in Philadelphia. so, I am pleased to hear there are a lot of great people here with experience in Philadelphia. In addition, I love the fact there are other great individuals on the forums from out of state. You never know where life will take you next, but to answer your question. I am interested in the BRRRR strategy currently, but hoping to transition into buy and hold/flip in the near future.

I am familiar with most parts of the city, but my target area is the west/southwest region of Philadelphia. I've noticed a lot of good changes since moving out that neighborhood as a kid. I am looking to invest in the month of March for sure. I agree the city is very diverse, so I am looking to expand to other parts under the right guidance or when the time is best. I will definitely look into those networking groups. Networking is a vital aspect to the process of Real Estate success.

Again, thank you for reaching out. I look forward to speaking with you soon. It's always good to have someone around you can learn from.

Steve Babiak · Answer

Welcome to BP. I would suggest your first choice of local networking should be DIG http://digonline.org/

Kuran Rudd · Answer

Hey, thank you for the welcome @John Knisely. I glad to have finally made it to the discussion forums. I was born and raised in Philadelphia. so, I am pleased to hear there are a lot of great people here with experience in Philadelphia. In addition, I love the fact there are other great individuals on the forums from out of state. You never know where life will take you next, but to answer your question. I am interested in the BRRRR strategy currently, but hoping to transition into buy and hold/flip in the near future.

I am familiar with most parts of the city, but my target area is the west/southwest region of Philadelphia. I've noticed a lot of good changes since moving out that neighborhood as a kid. I am looking to invest in the month of March for sure. I agree the city is very diverse, so I am looking to expand to other parts under the right guidance or when the time is best. I will definitely look into those networking groups. Networking is a vital aspect to the process of Real Estate success.

Again, thank you for reaching out. I look forward to speaking with you soon. It's always good to have someone around you can learn from.

Advice on the Philadelphia market?

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