Real Estate Investing-Philadelphia

[John L Desimone]

Hey BP!

I was hoping to start a thread to discuss what current RE investors are doing in and around Philadelphia in the current investing climate with the various obstacles that have presented themselves. I have gotten feedback from a few of my investors saying they are shifting there business model to focus on more buy and holds that need little to no work and are ideally occupied. Are any of you doing the same? If not then I would love to hear what steps you are taking to continue your business's and what area's or investment strategies you are focusing on, not only today, but going forward and what you anticipate to happen in the real estate market. 

I would also love to hear what some of you hard money folk are doing for funding? I had a few deals get hurt and had to extend due to lenders dropping out and am curious to see if anyone can relate. A few of my loan officers from different companies informed me they are still lending but have just tightened up there lending criteria apposed to others who have stopped lending all together. 

Would love to hear from each and every one of you on the following; 

1.) Are you are still actively buying? If you are not buying then when do you anticipate being active?

2.) If yes then where?(neighborhood, zip, etc...)

3.) What? (single family? Multi?, flip? B&H?)

4.) How? (are you buying cash, using a lender that is still lending? etc...)

5.) If you are still active, are you buying sight unseen? or are you still going to see properties?

Thanks for reading my thread and I look forward to discussing further!

Stay safe, Stay home, and Stay healthy!