Decided to focus on investing in Philadelphia

[Annwar Matani]

Hi everyone

I have been researching markets and I had mentioned in my previous post I was interested in investing in the mid west. I live in Northern NJ and as I mentioned the barrier of entry for me in NJ is too high. However after speaking with my husband (who is totally on board and supportive) I feel it would be better to pick a market in my "backyard". That "backyard" I was looking into is Philadelphia. I am only 1.5 hours away and I want to be hands on- my strategy is to scale quickly so I am looking to BRRR. My first out of state rental would be "safer" buying turnkey however I won't be able to scale quickly. Anyway if you are an investor in Philly I would love to connect. Trying to establish my team so any recommendations for realtors, contractors, lenders, etc will be appreciated!

[Kevin Paulk]

@Annwar Matani

In addition to some very good advice @Patrick Drury gave. I suggest you take a few trips out to Philly and explore the different neighborhoods to determine where in Philly you want to invest and what areas you want to avoid. It definitely helped me. I found out very quickly that Philly was really a block by block situation. 

Good Luck!