Burnt out worse than a fire damaged shell

[Marc Oister]

Good morning BP.  Fairly new investor here with one duplex, and months of research under my belt.  I am currently in the process of purchasing my second investment property.  I have also been looking into motes, but have been unable to find any that are worthwhile in my area.

  I am from the suburbs of Philadelphia, Pottstown to be exact. Anybody that has researched our market knows that it is definately not in the best of shape.  But after overcoming financing, and realtor obstacles I have been able to slowly but surely put a team together.  Now while searching for a local contractor i keep running into the problem of them not wanting to deal in the area by keep warning me that it a horrible area to invest in

I am aware of the high property taxes, and war zones being that i have resided here my entire life.  But trying to invest within my means. Sub 100k range. That excludes me from many other areas that I would love to focus on investing in.

  That being said.  I feel that many of the investors who come from out of town trying to make money by being reeled in with the low housing prices only focus on the war zone areas, and dont know the better sections.  

  Speaking with other investors from many local meets covering philadelphiaball the way to berks county,pa.  Its almost as if ever other investor feels has the magic formula and they try to make you feel as if you have no idea what you are doing in your investment choices.  

  Hopefully there are other investors in the philadelphia and surrounding areas with success, who also were being given negative reviews of their investment strategies in the beginning.