New Investor - Looking in the Philly Market

[Samantha Storz]

Hi BP Community!

I've been dreaming about investing in real estate for awhile now and I'm finally putting myself out there to the community in an effort to hold myself accountable & invest in at least one property this year! I'm from the Philly suburbs and definitely interested in tapping into Philly neighborhoods (thinking Brewerytown, Old Kensington) but as you know if you're from Philly, neighborhoods can be safe or not depending on what block you're on.

I've read a lot about BRRR and was thinking that would be the method I try out. Ideally, I'd love to partner with a private money lender on this. I'm so brand new here and it all feels a bit overwhelming but trying to take it step by step. My goal for 2024 is to purchase at least 1 property and go to at least 1 networking event a month or grab coffee/lunch with investors/agents/contractors in the area at least once a month to force myself into taking action.

Let me know if anyone has any advice for a newbie or if anyone in the Philly area wants to meet up for coffee and chat! :)

[Samantha Storz]

Hi @Gall Davidovitch, Thanks so much for taking the time to respond. Do you have any recommendations for finding a hard money lender who will work with a first time investor? I know I can look on bigger pockets as well. Creative idea to use the BLOC for rehab. I assume you do that for the 0% APR, I'm curious if someone just starting out could get that. Do you buy all your properties under a LLC?