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Updated about 9 years ago, 12/02/2015

User Stats

2
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0
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Greg Effron
  • Investor
  • Bala Cynwyd, PA
0
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2
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Investor/Manager from Philadelphia, PA

Greg Effron
  • Investor
  • Bala Cynwyd, PA
Posted

Hi everybody- excited to be a part of this group.  I'm a part time investor from the Philadelphia are. Currently I have 12 units between 2 properties which I manage myself while holding a full time job.  Trying to figure out ways to grow this business into one I can support myself full time from. I'm sort of of stuck on how to keep growing at this point.  I have no back round or formal education in investing and I am learning as I go. Trying to meet people and get ideas on financing deals, finding property, finding people to work with, finding private lenders,  learning investment strategies. Networking and education.  Thanks everyone for your time!

Greg

User Stats

1,400
Posts
899
Votes
Troy Sheets
Pro Member
  • Developer
  • Philadelphia, PA
899
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1,400
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Troy Sheets
Pro Member
  • Developer
  • Philadelphia, PA
Replied

Welcome Greg! What's the holdup for continuing to grow? If you post a bit more detail some folks smarter than me will come along and give you some great ideas. 

  • Troy Sheets
  • User Stats

    1,255
    Posts
    1,097
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    Joshua D.
    • Investor
    • Columbus, MT
    1,097
    Votes |
    1,255
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    Joshua D.
    • Investor
    • Columbus, MT
    Replied

    @Greg Effron

    Welcome to BP!  I would encourage you to listen to the podcast if you can. They have been so helpful to me in trying to make the next jump in my cash-flow goals. There are some brilliant people on there who have done it, and they lay out a good plan to follow. 

    don't forget to use BP to connect with others from your local area. you can learn buches from them people. 

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    User Stats

    2
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    0
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    Greg Effron
    • Investor
    • Bala Cynwyd, PA
    0
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    2
    Posts
    Greg Effron
    • Investor
    • Bala Cynwyd, PA
    Replied

    Thanks!

    User Stats

    44
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    14
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    Deanna Bennett
    • Des Moines, IA
    14
    Votes |
    44
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    Deanna Bennett
    • Des Moines, IA
    Replied

    Hi @Greg Effron. Welcome to BiggerPockets! There is a ton of information on here to help you look at your business and grow. 

    I would recommend connecting with local landlords at a nearby landlord association or REIA. You can also search for investors in your area on BiggerPockets and reach out. Start the conversation and see if people can meet for coffee. Is there a meetup in your area that you can attend too?

    Also, start breaking down your specific questions. Post them in the forums and people will be happy to help.

    All the best and congrats for starting down the path of real estate investing. 

    User Stats

    205
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    52
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    James Brand
    • Investor
    • Philadelphia, PA
    52
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    205
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    James Brand
    • Investor
    • Philadelphia, PA
    Replied

    Hey @Greg Effron!

    Welcome to the site. I have heard that your best chance of sustaining yourself full-time is exceeding 10 properties. Shortly before  hitting that goal though, you will likely feel a bit overwhelmed as you balance your full-time gig with 6, 7, or 8 properties 

    How are your current investments performing? If well, I would advise that you keep the same criteria that you have used thus far to build your portfolio. 

    BP can definitely be a great resource, and since you are already in the game it might help you evaluate your current investments to determine how they are doing.

    Best of luck!

    James