New Member from South Jersey/Phila area

[Robert Guilfoyle]

Hello BP Community.  I have been a member for a few years but my travel schedule for work(consulting)  prevented me from moving forward with my real estate investing plans.    Now that I am back working in the Philadelphia area(I live in Mt Laurel), I have been following the BP boards, listening to some podcasts, etc and am now looking to buy my first rental property.

I am interested in real estate rentals/ buy, fix and holds in the South Jersey and Philadelphia areas.  I am also open to investing outside of the area (turnkey) for the right deal.

I look forward to chatting / meeting with the community and learning from all of you.

Have a great day!

Rob Guilfoyle

[James Masotti]

Welcome to BP @Robert Guilfoyle! Buy and hold is tough in Jersey because of the taxes, unless you can find multifamilies...or you go into some of the rougher neighborhoods. Flips definitely work, but it's competitive out there if you're going for things on the MLS. Philly will suit both very well but because it is such a hot market right now it's attracting a lot of investors...including those from out of state.

One big thing that will allow you to be more successful than many though, would be if you have your financing lined up. There are A LOT of tire kickers out there looking for creative strategies to get into real estate and people "wholesaling" deals that aren't really deals. Stay sharp and persistent and I'm sure you'll be successful!