New / First Time Investor

[Amar Sinha]

Hi everyone,

I am a new investor located in Connecticut. I'm interested in the real estate market in Philadelphia, and would love to hear anyone's thoughts on their own experiences, and good locations, and any other tips that could be helpful. I'm interested in house hacking a property for my first investment. I am looking to work with a real estate agent who knows the investors market in Philadelphia, and could potentially help me locate and close on a deal there. Would love to chat with any of you, please feel free to private message!

Thanks,

Amar

[Joshua Janus]

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

I am in the Ohio market and don't know anything about Philadelphia, but there are definitely investor friendly agents on here.