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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Jimmy Jefferson
  • Rental Property Investor
  • Doylestown, PA
3
Votes |
20
Posts

New to BP, Looking to expand rental property portfolio

Jimmy Jefferson
  • Rental Property Investor
  • Doylestown, PA
Posted

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

Account Closed
  • Real Estate Agent
  • Pittsburgh, PA
51
Votes |
111
Posts
Account Closed
  • Real Estate Agent
  • Pittsburgh, PA
Replied

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.

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