NEW MEMBER! FIRST DEAL :)

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Hello Everyone!! 

I've been listening to Biggerpockets Podcasts for a few months now, I am so thankful for all the information that Joshua Dorkin, Brandon Turner & the many guests have shared with listeners on the daily bases. I tell almost everyone I meet, friends, family, and strangers about the podcast. Today I am sharing with you my first deal which I closed on 7/27/2018:) 

As you know, I am from Philadelphia and lived here my entire life, so It only made sense to invest here. I currently hold 1 single family and now 1 duplex :) in my real estate portfolio, I had 2 single families at one point but sold it for a profit of 20K! The duplex a 2 X 3 bedroom unit and is in the zip code 19133. It is in a BOOMING AREA OF PHILADELPHIA, near temple university. What made this deal worth it to me, was the type of financing I was able to use, The Location, and The fact that the previous owner literally did all the work for me!! I utilized FHA financing and the sellers were generous enough to provide the full sellers assist I requested! So I ended up bringing only 5,000 to the table. And received a check for 500 after negotiating some issues during the final walk thru. After looking a rentometer, I think I can rent each unit for 1-1.2K month my positive cash flow would be about 900-1,100. Pretty Good for a duplex:) I am also expecting the value to greatly increase, there is new construction all around this area. After getting the property fully occupied I am looking for my next deal immediately. I tried my best not to fall in love with the property and more with the deal!! Hope all goes well. Any more questions about this deal or Philadelphia Please reach out!