New investor Here!!!

[Elisamuel Cruz]

Hello everyone I hope you're having an amazing day! I just wanted to introduce myself. My name is Eli and I'm interested in doing fix/flip and BRRR's I'm glad to be apart of this amazing community and can't wait to connected with other like minded individuals!

If your investor here in Pennsylvania in Philadelphia and surrounding counties I would love to connect. 

[Andrew Syrios]

Welcome to BiggerPockets and best of luck investing!

[Alan Asriants]

Welcome to the BP community. Always happy to connect and talk about the local market. We live in a very intersting, diverse, and complicated market and understanding the intricacies is very important - especially for a new investor.

Markets in the same zip code even have their own submarket and tendancies depending on location and its important to look at things hyperlocally in philly. Its a great place to get started and get into some great investments but its also an easy place to get burned! best of luck

[Elisamuel Cruz]

Thanks for the great insight Alan! I would keep that in mind and definitely want to work with agents who knows there market to help build a successful business! So I would love to connect and learn more about deals you’ve closed for other investors. 

[Savannah Holzer]

Hey Eli! I saw your from Philly, are you thinking of investing there? That market is great for the BRRRR strategy!

[Elisamuel Cruz]

Hey Savannah! That's right my business partners and I are looking to BRRRR and fix/flip in Philly!

[Terrence Street]

Good Afternoon Eli,

Congrats on kicking off on your investment journey in Philadelphia. Want to Piggy back on what Alan said, Philly is really unique when it comes to investing. I like to say it goes block by block. Connect with as many people as you can and be a sponge. Im an agent/wholesaler here & I'd love to connect and see if I can help with anything. Good luck!

[Stuart Udis]

@Elisamuel Cruz If you are going to focus on the BRRRR SFH method in Philadelphia, before you make any purchases ask yourself these questions:

1. If you were forced to sell this property a year from now 100% renovated is the most likely buyer another investor?

2. Based on the knowledge I have of the neighborhoods fundamentals and trajectory, will the most likely buyer still be an investor 5 years from now?

If the answer is yes to both questions, I can almost guarantee the 20-25% equity your appraisals suggest you created will never be realized and is merely paper equity. This is incredibly common in Philadelphia's market if you don't invest in the correct neighborhoods. Unfortunately becoming hyper focused on the BRRRR method directs investors towards the wrong neighborhoods. I see it every day.

[Drago Stanimirovic]

Welcome, Eli! Great to have you here. Philadelphia is an excellent market for fix-and-flip and BRRR strategies. Connecting with local investors is key for growth and finding great deals. Feel free to reach out for any financing guidance or tips. Wishing you success!

Drago

[Nicolas Martin]

Quote from @Elisamuel Cruz:

Hello everyone I hope you're having an amazing day! I just wanted to introduce myself. My name is Eli and I'm interested in doing fix/flip and BRRR's I'm glad to be apart of this amazing community and can't wait to connected with other like minded individuals!

If your investor here in Pennsylvania in Philadelphia and surrounding counties I would love to connect. 

Hey Eli, welcome to the community! It's awesome that you're focusing on fix-and-flip and BRRRR strategies—those can be great ways to build wealth.

[Steven Worley]

Hi Eli, welcome to the community! It's great to have you here. Fix and flips and the BRRRR strategy are fantastic ways to build wealth, especially in a market like Philadelphia where there's plenty of potential.

As a property manager in the Philadelphia area, I've seen firsthand how impactful a solid property management strategy can be on maximizing returns, particularly for investors using the BRRRR method. If you ever need insights on managing properties effectively, tenant placement, or maximizing your cash flow, feel free to reach out.

I’d love to connect and explore ways we can collaborate or assist each other. Best of luck with your investing journey, and I look forward to seeing your success!