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Updated almost 9 years ago on . Most recent reply

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Reuven Goldstein
  • Investor
  • Elkins Park, PA
2
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Newbie from Philadelphia

Reuven Goldstein
  • Investor
  • Elkins Park, PA
Posted

Hello. My name is Reuven Goldstein. I recently started being involved in RE. I have been focusing on flipping and I have almost completed my first flip (the house I am flipping is under contract). I decided to move from flipping to rentals. My main area of focus has been in the Philadelphia area. RE seems exciting and I hope to gain from the bigger pockets community. Thank you.  

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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Reuven Goldstein

Welcome. Congrats on the pending success. Philly is in the top 10 US markets for student housing see below.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

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