All Forum Posts by: Ioannis Babatsikos

@Jake Morin hey I was browsing the forums for this market and really considering going this route. Can I ask you how long you searched for and how things are going so far? are you self managing? thanks!

@Jason Sinclair hey Jason, would love to throw ideas around. please let me know how your trip down there goes, I am coming from NY as well!

Hello BP forums, I have been considering the philly market to purchase a buy and hold investment property. single or multi family, mainly focused on cash flow.

Looking to connect with realtors, property managers, and investors in the area before I find something I like or to help me for when I plan to make a trip down there.

Im still learning the market so any tips in general or on what parts of philly I should focus on are welcome! thank you.

I'm in LI! would love to meet up and talk with people who have experience with out of state cash flow properties.

@Chris Grenzig thank you for the tips chris, I've been listening to books and podcasts everyday on my commute just trying to gain as much info as possible. I'm definitely interested in that meetup and will try to make it there!

bump!

Hey everyone, Looking to purchase my first rental property. Unfortunately where I live (Long island NY) and anywhere under a 2 hour drive from me doesn't seem to be a good demographic for rental properties. I've been researching surrounding areas such as New jersey, Connecticut, and upstate NY which seem to have okay returns in some areas but not so much to choose from. I've also been looking in many areas of Florida which seems to have even better returns and more to choose from (and warmer weather 😁) but is a much much further away location (I am not opposed to the idea of property management) My questions are... 

-Would it be possible to own rentals if they were located a couple hours away without property management, while working a full time job that requires many hours but the ability to take days off fairly easy?

-As a first time investor am I better off buying somewhere that will take me only a few hours drive to get to to for an ok return, or buying further for better returns but would only be able to check on the property every 6 months or so if needed? 

- As a first time investor am i better off buying a foreclosure to rent in long island so i can be near the property? (and hopefully use that equity to eventually buy other properties)

My goal would be to one day build up to multiple rentals, I have never even bought a house and have been doing A LOT of reading/learning about rental properties but the process can be overwhelming so all tips are welcome.

Long island investors please chime in to! 

thank you!