All Forum Posts by: David Bokman

Corey - Philadelphia is a very large region with many different area's, without understanding your goals and budget it would be next to impossible to suggest a starting location.  It's also considered a block by block city, so it will be critical that you link up with someone that is reputable and understands the area. With that being said there a many hot markets in and around the Philly area.

@Soji OyenugaSorry here is my email [email protected]

@Soji Oyenuga Anything that is both commercial and residential in the Philadelphia region especially in Center City and surrounding boroughs is our specialty. Please let me know how I can get access to those listings.

David B
www.PhillyHomeInvestor.com

The best piece of advice I can give you is to narrow down what you want to do in real estate. Investing is just a general term, do you actually have money to invest? Are you looking to wholesale? Fix and Flip? Buy and Hold? All 3? If you don't know what those terms mean than you need to start by learning the difference between all three. Once you understand that, you will better understand which path is best for you to start with. As for question about how to know what properties are worth, that only comes with experience and teaming up with someone who understands YOUR local market. I suggest to try to "be-friend" a local real estate investor friendly realtor who's willing to help. You should also go to your local REI meetings and network with people in your local area.

Best of luck...

Anthony- My best advice would be to locate your local REI networking meetings and go to those events, they are the best for newbie's and networking with others in the area. I'm sure you can locate one on meetup.com.

Michael,

Feel free to join our buyers list we specialize in the Philadelphia region.

https://www.phillyhomeinvestor.com/investors.html

Well unless you plan on shelling out the cash to market to potential sellers than I recommend reaching out to a few local wholesalers in your area. Connect with them and let them know what you are looking for.....that's one way.

Philly is a block by block market.....we see people trying to invest here all the time and completely get burned. If you want to invest in this market you better be prepared to spend time down here and meet with local agents and investors and learn about the area. Just cause the properties "seem cheaper" doesn't mean its a good investment. So my advice to you is spend time in the area and go to the local REI meetings and NETWORK!!! Just my 2 cents.

Welcome to the BP community!! I'm a local wholesaler and also investor with a main focus in the Philadelphia area. Feel free to connect if you're looking for properties or learn about the best area's of investing in Philly. 

Hello BP community and Newbie REI's,

I'm new too the BP world but NOT to real estate and most importantly sales and marketing.

Since this site is about learning I wanted to give some of the new people attempting to get into REI or wholesaling one of the most important pieces of advice you could get:

"TREAT THIS LIKE A REAL BUSINESS"!!!!!

I can't begin to tell you how many emails we get a day from wholesalers and other "newbie's" trying to sell us a property they DON"T even have a contract on!!! If you're going to email someone or attempt to contact them PLEASE DO THE FOLLOW:

1. Introduce yourself and who you are and who you work for! - If you're a wholesaler than say so. I shouldn't have to email you back asking if your the owner or your trying to wholesale a deal.

2. Leave a contact number and a way of someone to get a hold of you. Email is NOT enough in this business. Real estate moves fast.

3. Tell me what you want for the property, if your going to present it to me than give me a price, it's not my job to make you an offer...your the one trying to sell.

4. At least do some research at the minimum to see what other similar properties are selling for. Don't offer me a piece of land at $40k when houses are selling for $50k..would you make that deal?

If you can manage to do the following you have a better chance of building your network and having people take you more serious. Just a blank email with an address from someone I don't know goes right into my TRASH BOX! Being a Wholesaler is no different from any other job or company.....Be Professional!

Hope some of this helps!