All Forum Posts by: Brandon Morgan

Hello all. I am a new investor investing in Scranton PA. I currently have one property and I'm looking to buy a second one soon. I am going to need more general contractors to be in contact with since I live out of state. Does anyone know any good/reliable contractors that they know or use that invest in the same area? Feel free to reach out and share info! Down to network and build a reliable team!

@Nicholas L.  That makes sense. Tbh I like turnkey properties because I can rent right away without too much hassle.  But I have been reading that the forced appreciation from doing a rehab is where the money is at. 

Hey all I am a new investor . I am now looking to buy my second property. My first property is a turnkey property in the Scranton area and is all rented out now. I am now debating if I should attempt a property that needs to be fixed up a little. However I'm not sure how that would work using a conventional loan. For example would I take out a full 200k loan for an old 100k property and use the rest of the loan to fix up the property? I'm just not 100% sure how that works or which type of loan/ financing to use. Also do you think it's better to invest in turnkey properties for this area or is finding a fixer upper a good idea as well? I'm open to any ideas, advice or experiences

Hey all I am a new investor . I am now looking to buy my second property. My first property is a turnkey property in the Scranton area and is all rented out now. I am now debating if I should attempt a property that needs to be fixed up a little. However I'm not sure how that would work using a conventional loan. For example would I take out a full 200k loan for an old 100k property and use the rest of the loan to fix up the property? I'm just not 100% sure how that works or which type of loan/ financing to use. Also do you think it's better to invest in turnkey properties for this area or is finding a fixer upper a good idea as well? I'm open to any ideas, advice or experiences. 

@Alesandro Breguez DM me any details. I will let you know however I am waiting a few months to buy another property so I have time to increase my cash reserves. 

@Alesandro Breguez sure I'd be interested !

@Joe Hershkowitz yeah I think it depends on the condition of the home and the location. I will go over with my realtor for the exact comps to see if it's worth it. But overall I am willing to try because the prices of homes in that area are extremely cheap compared to what I'm used to in Jersey where I live. 

 for this property Ill be doing a conventional loan. 

hi all I am a new investor, I just got my first duplex near scranton PA last year. I am now looking to buy my second rental but I have been looking at single families because the deals seam to be decent. the prices are surprisingly cheap over there for a single family averaging about 200k. I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area? anything I should know, be causious of or be aware of?

 ahh that's great advice! thank you!