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All Forum Posts by: Philip Bloom

Philip Bloom has started 1 posts and replied 5 times.

Post: First Rental Property Investment In The Books...

Philip Bloom
Posted
  • Nantucket, MA
  • Posts 5
  • Votes 1

Great to hear this @Hugh Horner. Keep going.

Post: West Palm Beach - Looking for Contractors

Philip Bloom
Posted
  • Nantucket, MA
  • Posts 5
  • Votes 1

@Austin Drew $30-40K for pools in palm beach county on the low end and as high as you want to spend on the high end. Your only big issue is timing… pools are now taking 6 months to a year to be completed due to demand.

Post: West Palm Beach - Looking for Contractors

Philip Bloom
Posted
  • Nantucket, MA
  • Posts 5
  • Votes 1

In west palm beach, go to pool contractor is LB Rowe. Give Larry Rowe a call, (561)-635-8227 and tell him Phil Bloom recommended him. He’s building a pool for me right now and I could not be happier with his service.

Post: Small multis in palm beach county

Philip Bloom
Posted
  • Nantucket, MA
  • Posts 5
  • Votes 1

I just moved to West Palm Beach from Massachusetts. I’ve been on the hunt for the same asset as you. So far, I’ve been seeing a lot of good things in Lake Worth, and Northwood. Good luck with the search!

Post: Choosing between local market or away markets.

Philip Bloom
Posted
  • Nantucket, MA
  • Posts 5
  • Votes 1

Hi Everyone, 

This is my first post. Wondering if this community could chime in on my current dilemma. I am a real estate developer in Nantucket, MA. A small island in the Atlantic if you aren't familiar).  My main business for the last few years has been renovations and building spec homes for clients and myself. I am looking to build my portfolio of income properties. I currently have several commercial and mixed use properties on the island but the multi-family category has peaked my interest. 

Nantucket is an insular market with limited inventory and inflated property values compared to the rest of MA. My question to the community is whether it is better to stay in the market I know in which limited opportunities are available or venture to other markets?  If venturing to other markets, how does one go about choosing where to go?

Thanks for taking your time to read this. Any and all comments are very much appreciated.

-Phil Bloom