Philadelphia investing ?

Question

Hi , Im looking for multi or single family rentals to get into. I am hungry , determined to build a portfolio , i have a w2 job and if you are open for questions id love to pick your brain about different paths to take because philly is booming with property and alot of prices i cant touch so i need to find a different route. If anyone has any experiences with being a landlord or purchasing here id love suggestions or thoughts.

Jerome Lewis Jr · Answer

Depends on your buying power and strategy. Philadelphia itself has 60+ neighborhood. What exactly are you wanting to do? How will you finance? How soon do you want to purchase? And more.

Matthew Nadel · Answer

@Jerome Lewis Jr I’m hungry and we’ll and don’t know philly at all looking to invest though. Any help looking for a hard money lender as well

Matthew Nadel · Answer

@Brendan Markle are you still interested in helping people I’m looking to invest in philly ?

Jerome Lewis Jr · Answer

@Anthony Feoli, I can help you. My team team and network has several local connections in Philadelphia, to Hard Money, Private Money, Construction Management, real estate agents, etc. Feel free to message me.

Brendan Markle · Answer

Hey Anthony.  I'm an investor/realtor in the city.  I manage my own properties and work with almost 100% investor clients, and have a great team in the city. I would be more than happy to answer any questions you may have.

Anthony Feoli · Answer

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Anthony Feoli · Answer

I have a low debt to income ratio and excellent credit but i dont have any relationships with local lenders or banks yet. I would like to acquire 1 property by this year if sfh because lower funds i have then need be.

also , if i i plan to renovate sheriff sales should i have a predetermined scope of work with types of materials i will use and stick with same products in everyjob to manage spending easier

Anthony Feoli · Answer

Finance wise i have to speak to multiple banks to see what i am approved for or if i went heloc route. I want to acquire multiple duplexes and triplexes and hold is the goal in low income areas. I would use cash for sheriff sales up to 30k but to rehab or regular deals i would need financing.

Areas

Southwest philly , ogontz area , even some parts of south philly towards front st.

Philadelphia investing ?

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