All Forum Posts by: Dave Godfrey

Welcome to BP @Ahmed Alkaysi !

I am in this space, both as an investor and RE agent in Chester and surrounding counties.

Let's connect...

Try RentWell.  They are all over the area.

Welcome to BP!

This is a great place to help guide your journey... Doing a BRRR is a great approach.

Best of luck!

Crazy, right?

So it appears that the University is in bed with the Boro, in a unique way.  The University has spent millions on new on-campus dorms.  Protecting their investment... so the others get a different rules. 

Definition of a student, per the Housing people= Any student, undergrad or graduate, taking 6 credits or more.  So 1 class is OK, 2 is not.

Hi guys.  I have experience with the West Chester Boro.   As a landlord with two properties in WC, you need to be careful.

You can't apply for a student rental and get one.  You have to buy a property that already exists with the rental permit in place.

Note:  Some places allow numerous students, whereas others only allow one student. 

I do see these student rentals come up for sale occasionally.  I know these landlords have a good business... but renting to students is not for everyone... so know what you want.

Demand for rentals in WC is pretty strong... especially if you will allow bigger pets (medium+ dogs)

If you are curious or interested in this market, feel free to PM me.  I am a realtor as well, and live in the Boro.

Good luck!

Hey Ross!

Fellow West Chester member here!

Welcome to the world of BP...

Yes, multi units are out there, with varying ROI's. House hacking is a good way to go.

LMK if you want to grab some coffee and chat some.

Good luck!

Welcome Steve!

The good ones are busy... and will vary depending on where you end up (location-wise)

So, alternatively, go to to the local Home Depot near the property...   go at 6 AM.  Generally speaking, these GC's  are good candidates to help you.

Good luck!

Dave

Adam - Welcome to BP!

Feel free to connect... there are a bunch if local groups.  That may be something to check out... and then eventually atart something slightly different... or a hyperlocal group.

I have done proejects from Pottstown to West Chester, and down to Maryland.

Let me know if you wish to connect. 

Good luck in your journey!

Dave Godfrey

Mason!

Welcome to BP!

I am local to you and would love to connect sometime.  

BP is a great way to start!

No doubt that Coatesville can be rough in spots.  

Alternatively, you could look at Kennett Square.  Higher price point than Coatesville but lower than Downingtown.