All Forum Posts by: Maurice Etienne

@Jon Sanborn Thanks for the advice. I am from Philadelphia but don't really get out to the Germantown Area much. I am going to start driving around that area to see if there may be any pockets I may want to try to get into. Because I am house hacking I will want to be in an area where would want to live as well. I know Germantown and Northwest Philly is pretty big so I will have to do some deep digging. 

@Ryan Cameron One of my friends will be occupying the same unit as me. So we are predominately looking for multifamilies with 2+ beds in each unit. We are both currently renting, and figured we can pool our resources and try to make this work. I will check out the deal analyzer, I'm still getting familiar with the site and I'm sure I have overlooked loads of resources.  Thanks for the advice!

Hello All,

My name is Mo and I am interested in finally pulling the trigger and getting started in real estate investing in the greater Philadelphia Area. I have two other friends that want to pool funds and get started with me. I have several questions...

1) What do you think the best financing strategy or investment strategy might be in the Philadelphia Area. We were trying to focus on House hacking with 3-4 unit multifamily, or try and find some seller financing or a lease purchase option deal.

2) What areas would you recommend in the greater Philadelphia area? We are considering all surrounding counties, Southern Jersey, and Northern Delaware.

3) Lastly, does anyone have any examples on how they have evaluated deals in this area in the past, and what I should be looking for in terms of red flags specific to this area.

Thanks for any advice and insight you can provide. Since I am just starting out, If anyone has any specific people I should reach out to I would gladly take an introduction. 

Mo

Being from the area and graduating from temple I would say the move for the University is south, toward the "North Broad" area.