All Forum Posts by: Joe White

Unless you are a real estate agent yourself - you can legally contact a seller, even if under contract. And the commission free deal very well might appeal to them. You might want to use an attorney to draft everything.

That said - real estate agents really do a lot....far more than people think. 

One interesting point about renting to students is that you might get multiple signatures on the lease. Each person that signs is fully responsible for all the terms. So if parents co-sign and room mates, and the parents of room mates - one of them will always pay you to protect their name. 

Just wanted to put that out there.

@Robert Stranix yes, all property management must go through a brokerage/broker. If you get a real estate license, and keep it current (fees/continuing education) you should be able to find a brokerage that will allow you to hang your license there. 

@Garrette Becker I just had this conversation with a friend.
No matter where you invest you must know value. Otherwise, its important to have a local advocate - Someone that knows the laws, nuances, neighborhoods and contractors, home inspectors, solid title cos, ect.

Welcome!

Historically Philadelphia has always been a stable city to invest in. I think if the numbers make sense than any place is a good place. You review the comparables, get a sense of value and a good deal is a good deal.

Philadelphia is a great place to invest in condos - like every association, it depends on the association. You need to be familiar with the Reserves and any past/upcoming Assessments. Also the rental to owner occupancy rate....but some of Philadelphia's best known investors concentration condos. 

I'm sure this doesn't sound helpful but it sounds awesome that you're passing on stuff. Gary Keller's books are all about "buy it right" and don't buy the wrong stuff. Ignoring the fact that a property will need a new roof in 20 years, or that a hot water heater is 6 years old and has an 8 year life isn't wise.

If you can't find something that meets your criteria you might need more opportunities. But I would be happy to look over you APOD.

You can always IM me.

@Matt Burns & @Joseph Scorese
I agree with Joseph - probably can't find a better neighborhood that's set for growth.