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Updated about 5 years ago,
New investor in Philly
Hi BP, I've lived in Philly for the past two years, since moving here after graduating from Colby College in Maine. I work for Accenture as a Consultant and spend my free time picking up new sports/hobbies (squash, bowling, darts) and helping others with personal finances.
I'm new to real estate and looking to get started with my first property this year, through househacking. I have lived and rented in the Logan Circle and Rittenhouse areas for the past two years. I recently discovered how profitable certain real estate strategies can be, in part thanks to my old roommate, @Avery Heilbron, who's currently running a successful househack in the Boston area, and recommended joining this community.
My current househack plan is to purchase a near turnkey SFH 3 BR in Northern Point Breeze under $300k with an FHA loan and 3.5% down, and then rent out two rooms to friends which hopefully more than covers the mortgage and live in the third, managing the property.
I have no experience but have begun educating myself through seminars, blogs, and podcasts. I'd love to connect with other Philly real estate investors on similar journeys or agents who've helped others achieve this.
I look forward to any suggestions, advice, or connections!
Thanks,
Matt DiAngelo