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Updated almost 2 years ago on . Most recent reply

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14
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Nikhil Bhat
  • Mc Lean, VA
1
Votes |
14
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Out-of-state investor looking for agent to help find off-market deals on duplexes

Nikhil Bhat
  • Mc Lean, VA
Posted

Hi all,

I'm an out-of-state investor currently located in Northern VA. I am exploring deals for small multifamily properties in the city of Philadelphia, specifically duplexes at this stage. I am hoping to find someone who can source off-market deals too (though I'm not averse to good on-market deals). I would need someone with good local knowledge who can help to guide me towards areas that are better for investing. If the agent has some kind of mailing list where they send out off-market deals to, that would be a bonus.

My criteria:

- Max Purchase Price: $120k

- Interested in buy-and-hold investing and getting tenants for renting the rooms

- Since it's my first out-of-state deal, I'd be interested in more A-B-C grade properties in decent areas to get my feet wet

- Less than $10k in rehab, so relatively good condition (unless there is strong potential for a BRRRR)
- Would be open to suburbs surrounding Philly too

Looking forward to connecting!

Most Popular Reply

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1,584
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,684
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1,584
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Nikhil Bhat, to be upfront, small multifamily deals for 120k in A or B-class neighborhoods don't exist. With your purchasing criteria/budget, be careful about who you work with. 

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