I'm a new member from Delaware County, PA

[Keni Etienne]

Hi

My names Keni and I've been interested in real estate for some years now. I graduated in May 2015 with a BS in mechanical engineering. I've been actively looking for a job in my field but haven't found one, so I decided to pursue real estate. I've been recently learning about real estate investing for a couple of months now. Through all my reading I decided I'd start off by flipping homes. I'm here to seek advice from experienced investors on flipping homes and other things to grow a real estate business.

[Rich O'Neill]

Welcome @Keni Etienne! Everything above is totally true. i would also add: be very, very clear and even conservative on your ARV's (After Repair Value) especially in Delaware county. In my experience Delco is a cash flow area for buy and hold opportunities, and tough to create additional value through improvements. There is not much spread between a gutted REO and a well kept retail unit. That changes as you get closer to the main line and Garnet Valley areas (where I don't have as much knowledge), but be cautious in the southern part of the county. A rule of thumb is the further you get away from I-95 the more values will support flipping. If you consider buy and hold instead there is definitely money to be made!

Good luck and let me know if you have any questions!