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Updated over 6 years ago on . Most recent reply
New Member in Philadelphia Metro based out of NJ
Just wanted to take the next step and introduce myself after lurking for a while. Brand new investor from NJ with a lot of varying interests. I work for a major food manufacturer and finally received the kick in the *** I needed once we were acquired by an even bigger food manufacturer. I've been a podcast listener for about 6 months and want to thank the Bigger Pockets community for the wealth of information provided there and on these forums. I'm currently researching my first deal and the goal is to have 3 or 4 behind me by the time I am unemployed so that I can focus full time on becoming a rei business owner.
Just finished reading "Building Wealth One House At A Time" by John Schaub and must say it's a terrific book and I will probably read it a few more times in the next couple years. Next on my plate is "Investing in Real Estate with Low (or No) Money Down" by BP's own Brandon Turner.
My vision for the future is for putting together large multifamily syndication deals. I plan on spending the next couple years learning as much as I can through flip and buy and holds. Sales is a strong point of mine, so I'm going to try and do as much as I can with that focus in this space.
Once again, thanks for all the information and discussion. You can't put a dollar value on what people get out of these forums.
Most Popular Reply
Hey @Michael DeLuca , Congrats on your decision to embark in the incredibly lucrative world of house flipping. Philly is an amazing market with huge returns possible if do good work. I would highly recommend looking into Point Breeze, Brewerytown, and Gray's Ferry for markets to buy houses in. My investors have been loving the profit margins in these areas and I'm sure you will as well. Point Breeze prices are starting to rise and Brewerytown is seeing a similar trend, however, Gray's ferry houses are still cheap with ARV's in the 230-260k range. If you need any help finding or analyzing deals, let me know!