?Cash Buyer in Philadelphia, PA

?Cash Buyer in Philadelphia, PA

Rental Property Investor · Philadelphia, PA · Member since 2013 · 139 posts · 232 votes

Hi all,

I'm a relatively new investor, in the process of building a buy-and-hold rental portfolio - I've learned a ton since I started about 18 months ago but still have plenty of room for improvement. Made some stupidly expensive mistakes along the way (ok, realistically, still making them) by jumping right in, but I certainly did get a great hands-on RE crash course. I finally have a pretty decent team put together, and right now we're finishing up a full rehab of three triplexes (all on the same block of West Philly).

Right now I'm working a full-time job, and actually have access to more capital (from private money partners) than I do the ability to find and manage deals. So I'm looking for leads on under market properties, wholesale leads, projects to finance, and local investors to bounce ideas off.

I've listened to the podcasts and read the blog posts for a while, but haven't explored the forums much. I think Josh & Brandon have done an awesome job creating this supportive community. Keep up the good work, fellas.

-Ethan

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Investor · Philadelphia, PA · Member since 2012 · 257 posts · 68 votes
12y

DIG and South Jersey REIA are great places to go.

See this reply in the discussion

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  • Real Estate Agent · Milwaukee County, WI · Member since 2009 · 3k+ posts · 525 votes
    12y

    Welcome

    Maybe try your local meet ups for cash buyers

    Regardless congrats :

    ---------------------------------------------------------------

    " we're finishing up a full rehab of three triplexes "

  • Investor · Lodi, NJ · Member since 2013 · 487 posts · 179 votes
    12y

    Hey Ethan,

    As Jenkins recommended.. Try your local REAs (look up on meet up.com). That should be a good starting point on finding like-minded investors doing deals in your area. Philly should have a good number of them.

    Rafa

  • Investor · Philadelphia, PA · Member since 2012 · 257 posts · 68 votes
    12y

    DIG and South Jersey REIA are great places to go.

  • Real Estate Agent · Philadelphia, PA · Member since 2014 · 51 posts · 36 votes
    12y

    Hi Ethan,

    Sounds like an exciting (and terrifying) 18 months. I can't help you out on the deals end, but wanted to say hello and welcome to the BP community. I am sitting in a similar position to you, but perhaps 2 years behind, working a great full-time job, working on my MBA and business plan while soaking up everything I can here on BP (my background is in architecture/sustainability). I live and work in the NW party of Philly and am intrigued to see how your first properties turn out.

    All the best.

  • Rental Property Investor · Philadelphia, PA · Member since 2013 · 139 posts · 232 votes
    12y

    Thanks all. Going to local REIAs is definitely top on my to-do list.

    And I didn't mean to imply that I've only been working on those three triplexes for the last 18 months. Along with my (passive) partner, we have already successfully renovated and rented a good number of single- and multi-family units in the West Philly area. In fact, my biggest mistake was growing too fast too soon, and then having properties sit and projects get mismanaged.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Ethan Giller welcome to BP! I'm glad you're enjoying the podcast. You should definitely start jumping right in the forums! Also, if you haven't yet, try to setup some "Keyword Alerts." It's great for getting into local conversations.

    See you around the site!

  • Investor · South Jersey, NJ · Member since 2013 · 338 posts · 22 votes
    12y

    Hey @Ethan Giller

    Welcome to BP. I am in South Jersey. I am a buy and hold investor. I have 2 properties in South Jersey. I was at a local REIA meeting last week in Manayunk.

    See you around, I am always up to connect with other investors.

  • Real Estate Agent · Philadelphia, PA · Member since 2010 · 166 posts · 23 votes
    12y

    @Ethan Giller

    Glad you found BiggerPockets. Enjoy what's here on the site and keep tuning into the podcasts. I listen to them when I'm driving and working on DIY stuff.

    Are you looking for leads only in West Philly?

  • Philadelphia, PA · Member since 2014 · 25 posts · 1 vote
    12y

    Ah, I see said the blind girl :) regarding my messages to you.

    I am a Realtor and an Economist.  I worked under 3 Certified Financial Planner's for over 4 years and want to help folks diversify their portfolio's.  

    As a sponsor, I do not have any "skin in the game", I have not been licensed for a year yet, but eager to jump in.  I worked under my mother in Northern Virginia (she has been a Realtor for over 12 years) and I worked as a mortgage broker for 6 years in the DC metropolitan area.

    I am a single mom to a 5yr old so my neighborhood revitalization LLC and my Real Estate Agency work are my full-time.

    I hope we can complete projects together!

  • Investor · Brooklyn, NY · Member since 2014 · 231 posts · 12 votes
    12y

    hey, what kind of properties are you looking for; rehab or under market turnkey property ?

  • Flipper/Rehabber · Atlantic County, NJ · Member since 2012 · 514 posts · 209 votes
    12y

    Congrats Ethan, welcome aboard!

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