All Forum Posts by: Fami Fozi

Fami Fozi has started 2 posts and replied 4 times.

Thanks guys. I will be reaching out to some of you privately.

1 Vote

First time investor from Brooklyn here. So I've been trying to determine where to start investing in Real Estate and have had a tough time finding particular areas to focus on as the options seem endless. Since Brooklyn is too expensive and the cash on cash return is next to nothing here, I am open to investing anywhere in NY, NJ, PA, or CT. Anywhere that's within a reasonable (max 2-3 hours) driving distance from Brooklyn.

I am looking to buy and hold cash-flowing, multi-family properties that I will have a management company look after in order to provide myself an additional income stream that's as passive as possible. I am approved to buy an investment property in the 600k range but would personally prefer spreading that out over multiple properties instead of just one. A 10% or better cash on cash return would be ideal. I would like to get a property that requires little to no repairs upfront and that can be sold easily at a later date if my circumstances or investment strategy were to change.

For the pros out there that have experience in NY, NJ, PA, or CT, what would be the steps you would take if you were in my shoes and what areas would you suggest I focus on considering the investment criteria that I've mentioned above?

Any input would be much appreciated.

0 Votes

Hey Joe,

Awesome! Thank you for your response. Are there any particular areas in and around Philadelphia that you feel have more upside than others? Also, do you feel searching for properties myself (via MLS, Redfin, etc.) is okay or should I be looking to link up with some sort of wholesaler or buyer agent?

Thanks im advance. :)

Fami

1 Vote

Hi everyone,

First time real estate investor here. I am interested in investing in a property in Pennsylvania. I'm having trouble deciding on a good location to start out. I prefer to get into a multi-family rental property under $200k and am open to investing anywhere in the state as long as the returns are good. If certain areas are more suited to flipping homes, I wouldn't mind considering a flip as well.

Either way, I was wondering if anyone had any tips as to where I should begin my search for my first property. What specific cities and neighborhoods would everyone recommend? What method of finding properties have you found to be the most effective? Any help would be appreciated.

Thanks in advance :)