New Investor to the Pennsylvania market

[Kassandra Perez]

Hello everyone 😊 my name is Kassy

I am new to the Pennsylvania market.

I Moved here to York, Pennsylvania last April from Hartford, Connecticut and I am finally going to start investing and open my own company.

Is their anything anyone can tell me about investing in commercial real estate or how to get a down payment when you only have less thank 5k or no money. I have read a lot of books and watched lots of videos but it seems like people want you to buy a course to tell you how to invest.

I know people talk about seller finance and sweat equity, I even tried to get sellers to let me give them more than half of the refinance value but it did not work! I’ve tried to do 7 deals now and even motivated sellers just want cash or a short sell in the York area.

I am trying to network with investors and real estate agents but that’s very hard right now with this virus closing everything and causing events to be canceled. I am studying the PA market but the good deals I do find require 50k plus down payment or cash only.

Any investors out there who is willing to help me with some info on the PA market, what should I look out for when finding a deal and how could I strike my first deal within the next few months.

By the way I am opening a rental/ leasing company sometime next month and I am using the LLC to purchase property.

I am also a US Veteran and I have Navy Federal Credit Union and I can get 💯 financing for my property the problem is I have to be the only one living their. Does anyone know a loophole to that? I want to do things legally.

Thanks so much,

Kassy :)!

[Dmitriy Fomichenko]

@Kassandra Perez

Welcome to the BP family! Good to have you here! Here are some recommendations for you:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: https://www.biggerpockets.com/podcast

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best!