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.
New Member Introductions
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 over 10 years ago,

User Stats

25
Posts
4
Votes
Terry S.
  • Hoboken, NJ
4
Votes |
25
Posts

New in Philadelphia

Terry S.
  • Hoboken, NJ
Posted

Hi My name is Terry and I am new to investing.

I have been following BP for more than 1 year. It's a truly great source for investing, and future life planning even :)

Now that I just closed my first home in Hoboken NJ (and saved a little cash to start with), I feel I'm ready for some fun in the RE investment journey. 

After screening some of the markets within manageable distance, I believe Philly is good place to buy and hold for a starter like myself to have a taste in REI: relatively lower price to rent ratio, with the potential of appreciation due to the population influx caused by living cost increase in NJ and NYC, and also equally importantly, the high existing demand base to withstand possible impact should anything go wrong in the wider market :)

I hope I am on the right track (please tell me if anyone see Philly market differently than I imagined above ). So I guess I am hoping if there is someone that are already in Philly can throw some light and share some insights? 

And first and foremost, anyone know any good investor friendly realtors in Philly that I can start to talk to? I am out of state and having a full time job, so I guess it will be a bit challenging to go onsite on daily basis, but with a good agent as a local contact, I think it might worth a shot.  

Thanks very much to everyone for reading, and appreciate any advice you kindly share! 

Loading replies...