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Updated about 9 years ago on . Most recent reply

User Stats

57
Posts
15
Votes
Jay Sechowicz
  • Investor
  • Philadelphia , Pa
15
Votes |
57
Posts

About to purchase 1st MFH, specifically duplex in Philadelphia

Jay Sechowicz
  • Investor
  • Philadelphia , Pa
Posted

Hello everyone, I joined a while ago expecting to be on the verge of buying but things happen and it got derailed for about 6 months or so.  My plan is to house hack in northeast Philadelphia area to start. This is my first investment and first time being a land lord so I am looking for something w minimal risk. I want something in a nicer area such as parkwood or fox chase that doesn't need a ton of work but still nice since me and my girlfriend will be living there for 2-3 years. I know the cash flow won't be there at first since I'll probably be paying over $200k for the property. I plan to keep expanding in real estate and down the line look for properties in other areas of the city that need more work or more "risk". 

If anyone could offer any advice or opinions at all it would be greatly appreciated. I am new, but motivated and very eager to learn as much as i can. 

Thanks, Jay 

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