Updated about 10 years ago on . Most recent reply
Tips for really getting to know your market
Hi BP Friends! I have started my REI journey by reading the Ultimate Beginner's Guide, watching some webinars and reading some forum threads, really enjoying it so far. I have a lot more to learn before I make that first purchase, but one of the things I really want to get a hang of is becoming an expert in my community/neighborhood/market. I am fairly new to my city, Philadelphia, and wanted to hear of any tips people had for really getting the know your market. All advice welcome!
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I just started las year, not even a full year yet. I closed on my first property in august which was a single family home. I'm up to 8 units now. I think my best advice is just start DOING don't wait. I regret not getting started sooner despite having the interest. Now that I'm in, I'm addicted and can't stop thinking about it lol. Don't wait for the "right time", take some action that will get you closer to getting started today. I've been blessed to have a mentor to help me, and that has expedited things tremendously. So my recommendation to you would be to continue to read, learn, and see if you can make a connection with someone with experience to show you the ropes. Philly is a great market for it right now too. Good luck!