Central PA Investing Success?

[Collin Sceski]

Hello,

I am a very new investor looking for a solid place to broaden my portfolio. I am wondering if anyone has any success stories (or not so successful stories) they would be willing to share about investing in central PA. I am specifically interested and considering investing near Geisinger Hospital, Bloomsburg, Bucknell, and surrounding areas. Any tips/networking would be much appreciated. 

[Andrew Bosworth]

@Collin Sceski,

Welcome to BP.  It's a great site; hope you find it helpful.

Just my two cents, but if you want to get into buy and hold, then focus on that from day one. Maybe you need to wait a little longer to get that first property, but so be-it. Why? Because buy and hold and flipping are two totally different strategies. This isn't rocket science, but at the same time, if you want to be successful at this, get really good at one thing. Flipping just to raise some extra capital, especially in a smaller market, might not be the best use of time, money and resources. Flipping is also a lot riskier a) if you are new at it or b) if you are in a small market; plus you have tax and realtor costs associated with a flip. If you have the money to do a flip, then you might have enough to get a buy and hold right away. BRRRR is a great strategy, not always attainable, but worth pursuing...IMO. Why not start small and use the accrued equity to purchase more in the future?

Buy and hold = investment; flipping = a JOB.