All Forum Posts by: Zachary Paul

@Ron Gosling - after reading your post, my thought is that with a monthly mortgage of $1200 and potential rent of just $1300, you are only netting $100 a month. That amount is very low in the event of a surprise repair or a tax increase. 

BiggerPockets members typically recommend to have a monthly profit of around $300-500 per unit or per property. 

Obviously it is very important to know your numbers and ensure that you are cash flow positive. 

I'm a licensed real estate agent as well as investor, let me know if I can be of any assistance. Best of luck!

@Alex Benazet - welcome to BiggerPockets. It's probably the best website online to find information about Real Estate investing.

I think that if I could start again with my own personal real estate investing, I would highly consider house hacking, especially in Philadelphia where rents have been increasing annually (especially in places like Northern Liberties and Fishtown). 

I'm a licensed real estate agent that covers the greater Philadelphia region. I can tell you if you are serious about real estate investing it is important to start building a team of experts to help you succeed in finding the right property (real estate agent, mortgage company, etc). 

Feel free to reach out to me if you have any questions or concerns. Best of luck!

@Jim Davis - smart strategy. Properties have been going quick lately and the Jeffersonville and West Norriton markets typically yield rental rates that support investment. There's a lot of condos and townhouses in the area - if you are considering, be aware of HOA costs.

@Branden Ellenberger - welcome to Bigger Pockets! BP is such a great resources for everything real estate investing related. I highly recommend listening to the weekly podcasts - only an hour long but filled with usual information. 

I'm a licensed real estate agent covering the greater Philadelphia region - if I can be of any assistance please feel free to reach out. Every market has their own intricacies and it is important to understand what potential costs there may be when it comes to the local municipality. 

Best of luck!

Zach 

@Marc Berman - welcome to BP! It is a great resource for almost anything involved in real estate investing. I personally get a lot of good information from the weekly podcasts. 

How has your search for a multi-family property gone so far? There doesn't seem to be too many duplexes/triplexes/quads + out there in a reasonable price range. 

I'm a licensed real estate agent who covers Philadelphia, Chester, Montgomery, and Delaware counties. Please let me know if you have any questions or if I can be of assistance. 

Best of luck. 

Zach 

@Jim Davis - congrats on finding Bigger Pockets and utilizing the many resources BP provides. 

What kind of strategy are you looking to accomplish moving forward - rental? rehab/flip? multi-family? 

As you probably already know, there are so many different Philadelphia submarkets with their own different intricacies and unique features when it comes to buying and investing.

@Evan Thomas - Philadelphia is a great market for New Yorkers who are looking for a less expensive investment option. 

I would suggest to start checking out the Real Estate section online of the Philadelphia Inquirer and Philadelphia Magazine. They will give you an idea of what kind of new construction is going on in Philly. 

I would also suggest to work with a mortgage provider to get a pre approval so that you know what you are able to mortgage - investment properties typically require a minimum of 20% down payment. 

I am a licensed real estate agent covering Philadelphia, Chester, Montgomery, and Delaware counties. Feel free to reach out if you have any questions or need assistance. 

Best of luck. 

@Vlad Filatov - I would say doing the numbers will ultimately show you whether a turnkey deal is "good" or not. Bigger Pockets has many different tools available for you to do the calculations on what the ROI and Cash Flow would be for a property.

I'm a licensed real estate agent that covers Philadelphia and the surrounding suburbs. If you have any questions or need assistance about the region, please feel free to reach out. 

Best of luck!

@Sophie Mia - hope all is well. 

Are you looking for an agent to lease your available units or to also handle property management?

I am a real estate agent that covers Philadelphia, Chester, Delaware, and Montgomery counties. Feel free to reach out to me and we can discuss if there is anyway I can assist. 

Best of luck!

@Reuven Goldstein - congratulations on almost completing your first flip. As you probably already know, Bigger Pockets is an AWESOME source of info for everything RE Investing related. 

Are you looking for a rental property in a specific neighborhood in Philadelphia? As you know, rents, cap rates, and prices vary greatly throughout Philly and even as much as block by block. 

If you have any questions or need assistance, let me know, I'm a real estate agent that covers Philadelphia, Delaware, Chester, and Montgomery counties. 

Best of luck!