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Updated almost 8 years ago on . Most recent reply

User Stats

22
Posts
11
Votes
Giang Nguyen
  • Investor
  • Philadelphia, PA
11
Votes |
22
Posts

Newbie from Philadelphia, PA

Giang Nguyen
  • Investor
  • Philadelphia, PA
Posted

Hi all!

I moved to Philly after college in 2012, and have been working full-time in medical research since. My plan is to go to med school in 3 years. 

In 2015, I bought a Homepath property in West Philly. My boyfriend and I have completely gutted this place and we have been renovating it since then (a whole lot of DIY so it has been quite a project). We're putting finishing touches on it now; and while I want to say we'll be done with this place in 3 months, I was told that once you're a homeowner, there will always be some sort of home improvement projects happening :) 

Last month, I bought a duplex in West Philly. We're now in the process of reconfiguring the layout, looking for contractors, and reading up on books about tax strategies and being a landlord. 

I'm looking for passive income, and my real estate focus is 2-4 multi-units (and hopefully eventually apartment complexes).

Looking forward to connecting with everyone! 

-Giang

Most Popular Reply

User Stats

2,067
Posts
900
Votes
Percy N.
  • Developer
  • Philadelphia, PA
900
Votes |
2,067
Posts
Percy N.
  • Developer
  • Philadelphia, PA
Replied

@Giang Nguyen, welcome to BP!

@Steve Babiak is one of the DIG sub-group leads for the Chester/Montgomery county subgroup and since he is too modest to toot his own horn, I will say it is an excellent subgroup and I try to make every meeting.

UCity is a very competitive area. If you got a B class unit all in for under $75k, you hit the jackpot. Who is your target renter? Student rentals are a niche and I would be selective in what finishes I use based on the target tenant.

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