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All Forum Posts by: Chris Mclaughlin

Chris Mclaughlin has started 1 posts and replied 1 times.

Real Estate Deal Analysis & Advice

Post: New investor struggling to identify first market

Chris Mclaughlin
Posted
  • Posts 1
  • Votes 2

Hello! I am looking to do my first deal in 2025 and I have identified my buybox to be multi unit properties (2-4 units) in Philadelphia, under 500k (prefer under 400k), and do not require any renovations. I've chosen Philly because I am originally from there so I know the city and I have friends/family still living there that I could rely on in case of emergency. 

Unfortunately, as I have been analyzing properties in my identified neighborhoods, I haven't found anything that fits in my buybox and generates enough cashflow to justify the investment. I have recently started to wonder if I should look into other markets.

I would like advice - Should I continue searching in Philly given my strong ties to the city or should I start searching for new markets that generate more cashflow? Pittsburgh maybe?

2 Votes