All Forum Posts by: Sheryl Sitman

If you are looking inside Philly, check the specific area thoroughly - Philly currently has a glut of new construction apartment inventory with amenities and free rent incentives you could be in competition with. I run a very popular Philly landlord group and I see so many newbies make naive decisions that cost them dearly. I would urge you to spend a few hundred $ on some solid coaching from knowledgeable Philly investors. I know a great one who can help if you need a connection. It can be the difference between losing money and owning a winning property.

Hey @Yitzchak Eliezer ben Chanan I happen to live in New Hope and invest in other areas.  I run a large group of Philly area landlords who may have some ideas for you. Feel free to reach out for that.

@Adam Pervez  your journey so far is really impressive! I invest in my local markets  (Philly metro area, Lehigh Val - Bethlehem and Easton) as well as other states. Our strategy has evolved as markets and conditions have changed as well as our own place in life and we constantly check ourselves and make adjustments. We have the experience and time to dedicate to that. If I were 30 years younger (your age) I would look to experienced intelligent investors to help guide me. I am not offering myself but I do know someone who could help you figure out the next moves and the right strategy. He is not a guru - just a good solid very smart RE investor who loves to work with people who can benefit from his guidance. Happy to connect you if you want.

@Elizabeth Rose you have received great advice and insights here from other local Philly people. Bottomline is that you are unlikely to "win" a suit against the city and even if you did, the legal costs would be very high. Those exposed walls were not built to be exposed so I would suggest talking to a variety of experts to hear them out on the options. There are some really good contractors who can help you - and there are some who smell inexperience a mile away and take advantage.  

@Anthony S. If you are looking to build a small MF, I am happy to connect you with a GC that I think is one of the foremost small multi builders in the city. If you want to build a quality product and learn a lot.  Whether or not doing the project makes sense is another issue. So you want to work with someone who can help you figure it out. 

I have property at the edge of Lehigh U that I thought would be for students when I first started out there. i quickly realized that student housing, especially in the smaller school, is a totally different business with different expectations and requirements, not to mention yearly turnover and parent involvement. Also in Bethlehem, it requires a different type of license so check that out in Easton.

Hey @Ifeanyi Okoye  I love when people start out wanting to learn from those who have already done what they aspire to do! I run a large group of Philly landlords and one of the investors that i am friendly from there  is very successful and loves to coach new investors. Reach out if you want to get connected.

Welcome!  Lots for you to do and learn in the Philly market. Good luck.

When you eventually become a landlord, look for our FB group Philadelphia Landlords Connect :-)

I don't do flips myself but  one of the contractors i use churns them out fast. I saw this one he did last month and it went under contract 5 days after it was listed. https://www.zillow.com/homedetails/4413-Oakmont-St-Philadelp...

Reach out if you are interested.