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Updated over 4 years ago on . Most recent reply
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New to BP, Looking to expand rental property portfolio
Hi all, I'm new to BP, and currently have 2 rentals in my local area (Doylestown / Sellersville / Perkasie / Quakertown , Pennsylvania). These towns are about 1 hour north of Philadelphia and 35 minutes south of the Lehigh Valley (Bethlehem / Allentown). I'm looking to make any connections while also growing my real estate portfolio. Couple quick questions...
1) Anyone in this general area... what are some of the best strategies for building your portfolio with limited capital? Success with BRRRR, seller financing, etc? I just used up a good chunk of my equity for my last rental purchase. I do not want to wait until I save up another $50K to buy another property.
2) Besides rentometer.com what other sources have people used to collect reliable rental income data?
Thanks,
Jimmy
Most Popular Reply
Hello @Jimmy Jefferson,
If you are looking to expand your portfolio in the Philadelphia area, and are able to do a BRRR or a Hack, Check into the neighborhoods in Germantown and other North Philly neighborhoods. There are programs out there that could help you with financing. I would like to speak more with you on this matter. As well as rental rates, I can offer you an insight into what I know being that we manage a few units out there.