Beginner REI from Philadelphia area

[Jason Polykoff]

Hi everyone! I'm a 37 year old father of two and I've just started the first step on my real estate investing journey... getting educating. Bigger pockets has been clutch, and I'm so grateful for this resource. My wife and I feel we are about a year away from getting our first rental property (after we finish paying off these student loans). The first goal is to get properties that can turn into college funds for my boys (1 yo and 3 yo). I'm particularly interested in the BRRRR strategy. I would love to bounce stuff off people who have experience with rentals and/or BRRRRing. Thanks everyone!

[Victoria Pham]

Hi Jason. I'm impressed by how prepared you are for your children! I wish you the best! I'm a real estate consultant from Philadelphia. I move a lot of inventories each month in Philly and Delaware County. Buy and Hold is definitely a good strategy for the market in Philly. A good thing about Philadelphia is that you can find a variety of options, from a very expensive property to a very cheap one. So, I'm confident you can find a good investment in any neighborhood for rentals. But from my personal insight, the rental market is strong in North Philly where the price is cheap and there is a lot of room for your house to appreciate. West Philly is very hot as well. More and more young professionals are moving from center city and University City to West Philly to live. South Philly could be a good option as well but the price is getting more and more pricey. Let me know if you have any questions. See the picture below some stats relating to rent in Philly areas. I'm very happy to share what I know