All Forum Posts by: Victoria Pham

Hey @Lisa Jackson, welcome to real estate investment. It may be scary at first but a thousand miles start with the first step, you just have to start somewhere. Firstly, you can ask yourself which areas you're interested in investing. Second, you want to know what's your budget and how much you're comfortable spending. Thirdly, building a team (contractor, wholesaler, property manager...) to help you. There are much more work and details other than three things I've listed but start with those simple questions first. It's good that you know Bigger Pockets and ask for advice from people. Maybe you will learn more along the way. Let me know how I can help!

@James Lau yes, please inbox me so that I can share with you what I know! Glad to help

Hey @Joseph Ems, I just want to make sure we're using the same criteria in categorizing the neighborhood. Which criteria are you using? 

@Pedro D. I'm a real estate consultant from Philly area, so I cannot speak for other areas. However, in terms of the market in Philly, I have several insights for you. First, Philly is affordable. It's the most affordable city in the East Coast, therefore you can pick up properties at a reasonable price and still have room to appreciate the properties. My investors from NY, CA, NJ...are changing their investment location from more expensive cities to Philly to get more equity return. Secondly, Philly is developing. Constructions in this city are every where. In the past 2 years, some areas such as West Philly, Brewerytown, Strawberry Mansion, Old Kensington...have appreciated rapidly that they're becoming A neighborhood in a foreseeable future. With that being said, Philly market is hot now. However, it does have some drawbacks such as block by block basis, rental policy and war zones...Let me know how I can help. Good luck!

@Sunil Kurian, biggerpockets is definitely a great forum to meet professionals in real estate investment. Another way for you to network is to going to auctions/ foreclosures...Or you can meet people in meetup.com for local real estate events. Browse around craigslist and you'll see a lot of ads/posts from contractors/wholesalers/investors...Best of luck Sunil! By the way, welcome to Philly

Hi Edwin! Welcome to real estate investment. The journey can be challenging but it's rewarding! First, how many units are you looking for? and what's your investment strategy (flip/rental)? Brewerytown and Kensington are developing and those markets are hot, especially Brewerytown. I can imagine in one or two years from now, Brewerytown could be like Fishtown/Northern Liberties, so you still have time to invest in it and get appreciation. Kensington area is large, depending on where you want to invest but it's developing as well, constructions are every where in that area. Let me know how I can help, I'm consultant helping my investors build/grow their portfolio. 

Hi Yu, I'm sorry to hear what you've shared! I've worked a lot with investors from NY and some of them bring their own contractors from NY to Philly. It also depends on where you're living in NY but they're living about 2 hour drive from Philly, so it's doable. If you have a trustworthy contractor over there, maybe you can send him to your neighbor state. Best of luck! 

@Sridhara Sastry yaddanapudi, I see. It seems those are pretty safe investment and gives you good cashflow. But be aware that it'll cost a ton of money to invest in b/c neighborhood. You can find room for a high appreciation in those areas, but it's tricky because Philly real estate is based a lot on block by block.

Hey Sridhara, welcome to Philly! I would say it's definitely doable but also depending on areas and deal by deal. Philly's properties are pretty affordable and gives you great cash flow, especially in areas that are developing (Darby, West Philly, North Philly...). Are you looking for a flip/ rental? 

Hey Carlos, I'm a real estate consultant and analyze deals every single day. I can send you examples of deals I analyze. Let me know if you are interested! I like that you're curious and detail oriented. You'll get there