All Forum Posts by: Alexander Brian Frederick

Hey @Ryan McLaverty , for multi family houses, you should look into West Philly. Cobbs Creek has a huge inventory of MFH that need a little TLC to get back to the top of the market. Rent-o-meter shows good rental comps over in that area and as W.Phila starts to develop, properties continue to appreciate. I've sold a lot of duplexes's over in this area and just recently moved a triplex on the 53XX block of chestnut st, I'd love to help you find your next home run deal!

Hey Sam, I think this is a very interesting concept. Personally, I would love to see a forum where investors could refer good contractors to others in the market. A lot of my investors are actively looking to pick up reliable contractors, and this process would be made significantly easier if there was a public referral system for them to utilize 

 I agree with Sam- finding good multi's in Germantown would be tough, but West Philly is great. A simple drive down Market will show you how many opportunities there are for great multi's in WPhilly. You can easily pick up a triplex or duplex for under 100k and these units are sure to generate passive income that leads to financial independence! 

Hey @Nicholas Watson, congrats on your decision to achieve passive income through rental properties. A lot of my investors are finding that rental properties are suiting them better than doing fix/flips due to the consistency of payment. While Wilmington is a great market, you should consider staying local and buying in Philly. Not only is it a hot rental market, but property appreciation is happening very quickly in the city. If you want more info about the philly market or if you would like help analyzing a deal, let me know and I'll be glad to help you out!

Hey Jordan, the areas that you mentioned are all incredibly hot neighborhoods, but finding inventory can be somewhat difficult. Germantown/West Oak Lane is one of my favorite areas to pick up deals in. There is great potential for both a flip and a hold and the prices have not become outrageous yet. If you need help analyzing deals or finding them, shoot me a message and I will help you out. 

 Hey Jacob, Chris is absolutely right. Those are some of the fastest growing neighborhoods in Philadelphia and will suit your flip model well.  Because of the nature of this competition for houses, it's important that you move quickly on any deal you are interested in if you have any hope of getting it. I would also recommend taking a look at the already-developing Point Breeze, West Passyunk, and neighborhoods in West Philly that are rapidly appreciating. If you have any more questions or you're looking for an investor friendly realtor to help you analyze a deal, let me know! I work with hundreds of investors and I would love to add you to the list!

Hey Dave, my advice- don't limit yourself to a specific neighborhood. Philly has a ton of great areas that are perfect for buy and hold investors and if you only look in one of those areas, you are seriously hurting your chances of finding a good deal. When I look for deals for my investors, I am more focused on numbers than neighborhoods. While location plays a huge role in determining if numbers work out for any deal, I like to keep an open mind. Point Breeze is great, Brewerytown is great, and many other hot markets would fit your business model well. I would love to talk with you more about the buy and hold properties I've been moving. Shoot me a message if you'd like to continue this conversation!

 Ankan, that's exactly what I look for when I'm analyzing deals for my investors. I also look at median income trends, property value trends, etc. Basically, if I can't find at strong comps within .25 mile of the property in question, I usually just assume the neighborhood is not there yet. I'll message you my phone number so we can talk on the phone about how/what you should be looking at!

Also, with the rapid growth of Brewerytown/Sharswood and other surrounding neighborhoods, the Mansion should definitely begin to appreciate quickly. The city is pumping a ton of money into Fairmount Park as well and this should help my point.