New Member - Norristown

[Gaurav K.]

Hello Everyone! I am a new member and looking to connect with any real estate investors currently investing in Norristown, PA. I am also looking for good referrals of property manager, general contractor and handymen who do good work at a fair price and can be trusted. Any help or guidance would be greatly appreciated! - G

[Percy N.]

@Gaurav K., @Brian Walt and any new investors, I would recommend that you first list out what you want to do and what you are NOT willing to do, along with your investment goals and available resources (whether cash, credit or construction skills).

Do you want to do the construction yourself or hire a contractor?

Do you want to deal with tenant headaches or hire a property manager?

Are you purchasing cash or via leverage?

All these will help determine what type of asset you need and in which area to focus.

There are good rental opportunities (1-4 units)  available in Chester and Montgomery area if you are looking in the Philadelphia suburbs.

I also recommend joining a local REIA such as DIG (https://digonline.org/) and attending a few sessions and evaluating at least 50-60 deals before pulling the trigger, to hone your underwriting and due diligence skills.


One thing I wish someone would have shared with me sooner - look at larger asset classes such as purchasing apartments, self-storage, etc as soon as you can.

Welcome to real estate investing and wish you a prosperous journey.