Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

18
Posts
8
Votes
Oyin A.
  • Investor
  • Philadelphia, PA
8
Votes |
18
Posts

Excellent credit, no debt + cash. need guidance

Oyin A.
  • Investor
  • Philadelphia, PA
Posted

After getting scammed out of state few years back, a bit afraid to take the wrong turn after working so hard to become liquid again. I am looking to buy atleast a couple of singles or multiplexes in 2021.(Philadelphia area).

The thing is I am not experienced in rehab and do not have the mental/physical/emotional bandwidth to do any major rehabs.
The plan I had was 

1. 5% down on a newer multiplex-build as an owner-occupant with tenants.

Plus

2.20% down on an older(not too old) single family/cheaper multiplex to be tenant occupied only.

My overall goal is to hold these for as long as possible for appreciation and cashflow.

I need help identifying 

1. what a good deal is, 

2. making sure I am not buying a property with hidden issues, 

3. getting the right realtor, property manager, 

4. Finding a portfolio lender so i can consolidate the mortgages/not sure how feasible this is

5. other things I may not have considered as a newbie.

I am in the Greater NYC area now but have lived in philly in the past and now looking to relocate early 2021. 

Loading replies...