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Updated about 3 years ago on . Most recent reply

User Stats

8
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5
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Kathryn Click
  • New to Real Estate
5
Votes |
8
Posts

Overwhelmed Rookie in Philly

Kathryn Click
  • New to Real Estate
Posted

I'm a rookie who has focused on learning for the past few months - I have 0 doors and am 25. I am based in Philadelphia and am trying to decide on my strategy - single family to live in, fix up when i do, and rent out after or a multi-family with househacking (preferred). Does anyone have any advice for investing and analyzing deals in a more expensive market? The 1/2% rule never seems to hit but I've been looking in Center City and think that the city overall is undervalue in rent/possibly home sales. Can i justify 600/700 for a duplex vs 200(1br/1ba)300 (2br/1ba) for a single family? Getting overwhelmed by the amount of information i feel like i need to learn to feel confident making a decision and only have enough for a FHA downpayment if multifamily so I have been saving. Should i be studying for a real estate liscense just to learn the business while i save? Can you tell im overwhelemed?

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