All Forum Posts by: Zachary Paul

@Dennis Villamor -

My suggestion would be to hone in on 2-3 neighborhoods in the region that interest you and start checking out what is available. There are quite a few properties for sale in the region at various price points.

Also my next suggestion would be to start to figure out the financing piece of the puzzle. I have a few contacts that can assist you when it comes to mortgage financing, etc. For example, there is no point in checking out $650,000 properties if the most you can finance would be say $300,000. With that being said, there are creative methods to financing.

Let me know if you have any questions or concerns; Real Estate agent here who has worked with several investors over the years.

Best of Luck!

@Eric Greene -

My suggestion would be to hone in on 2-3 neighborhoods in the region that interest you and start checking out what is available. There are quite a few properties for sale in the region at various price points.

Also my next suggestion would be to start to figure out the financing piece of the puzzle. I have a few contacts that can assist you when it comes to mortgage financing, etc. For example, there is no point in checking out $650,000 properties if the most you can finance would be say $300,000. With that being said, there are creative methods to financing.

Let me know if you have any questions or concerns; Real Estate agent here who has worked with several investors over the years.

Best of Luck!

@Mike B.

My one former co-worker has invested in 2 properties in the Grays Ferry area. From my conversations with him, he is very happy with the results of doing light rehab work and getting quality tenants. 

Thanks to Point Breeze rapidly increasing with new construction and rehab work over the past 5 years a lot of that activity has trickled over to Grays Ferry. It's not that large of a neighborhood, so there's not exactly one area better than others...but close to Point Breeze seems to be higher valued. 

The average rents that I have seen for either a 2 bed or 3 bed row/town house has been anywhere from $900-1200 depending on the cosmetic upgrades and features (i.e. garage, outdoor space, etc). 

Hope this helps - if you have any questions, feel free to reach out. I'm a Real Estate Agent that covers the Philadelphia region. 

Best of Luck!

@Chris Lang - 

My suggestion would be to hone in on 2-3 neighborhoods in the region that interest you and start checking out what is available. There are quite a few properties for sale in the region at various price points.

Also my next suggestion would be to start to figure out the financing piece of the puzzle. I have a few contacts that can assist you when it comes to mortgage financing, etc. For example, there is no point in checking out $650,000 properties if the most you can finance would be say $300,000. With that being said, there are creative methods to financing.

Let me know if you have any questions or concerns; Real Estate agent here who has worked with several investors over the years.

Best of Luck!

@Glenn Russo - Great Plan on kicking it into a higher gear!

What area of Philadelphia are you looking to invest in for your next project? Looking to do a buy/hold or more of a rehab/flip strategy? 

@Michael Badin - if you run across any property owners that are looking to list their property with a proactive Real Estate Agent who will get their property sold in the least amount of time for the highest market price, feel free to pass along my information. 

@Henry Hallman:

My suggestion would be to hone in on 2-3 neighborhoods in the region that interest you and start checking out what is available. There are quite a few properties for sale in the region at various price points.

Also my next suggestion would be to start to figure out the financing piece of the puzzle. I have a few contacts that can assist you when it comes to mortgage financing, etc. For example, there is no point in checking out $650,000 properties if the most you can finance would be say $300,000. With that being said, there are creative methods to financing.

Let me know if you have any questions or concerns; Real Estate agent here who has worked with several investors over the years. 

Best of Luck!

@Henry Hallman

@Michael Enriquez - typically in Pennsylvania, houses are inspected after an offer is accept. Sales contracts have an inspection and repair contingency where Buyer can have an inspection done and terminate the contract if any issues arise. 

If you are still looking for contacts, feel free to reach out; I'm a Real Estate agent in the area and have several inspector contacts. 

@Aaron Osgood - it's going to be a tough one. Can it be done...yes...but from my experience as an agent and investor with the city of Philadelphia, it can be very very challenging. 

Obviously having the house boarded up will be an issue for some potential buyers, but when you look at neighborhoods such as Fairmount and to an even more extreme example of boarded up houses, Point Breeze and Brewerytown, buyers are drawn to these areas.

If I can be of any assistance, feel free to reach out. 

@Jeremy Chaudet - hope all is well. If you are still looking for a qualified agent that know the Manayunk and Roxborough market, feel free to reach out. Licensed agent here covering Philadelphia, Montgomery, and Chester counties. 

I have worked with several renters in the past in Manayunk and as an investor myself, understand the importance of finding quality tenants. 

Best of luck!