All Forum Posts by: Brendan Markle

 @Devan Russo  Honestly a lot of those answers depends on what strategy you are trying to employ, how much capitol you have, etc.  I'm an agent/investor in the city, I would be more than happy to answer questions if you want to reach out.  

Welcome Devon!  

@Jaysen Medhurst is 100% right.  I'm an agent/ investor.   I make good money as an agent, but it took years to get to the point where I really, truly have consistent income.  Unless you get lucky, you won't see a commission for at least 6 months.  It will cost about 2-3k just to get started between classes, the test, mls access, broker fees etc. and after you get your license, generating leads is pretty much a full time job. 

If your serious about becoming an agent, save up at least 6 months of expenses, and be prepared not to make a cent for a long time, while working full time.  

If your just looking for a way to make more money during the pandemic, look into becoming a notary signing agent.  Much easier to get into, and you can start making great money very quickly, only spending about $500 to get started.  

Norristown has a notoriously difficult U and O department.  I hope the inspection goes well, but I would definitely put some money aside for repairs whenever they do the inspection.  Also, at this point I highly dounbt the seller is going to help at all with any of the repairs-  the deal has already been completed.  I'm not a legal expert, but I do not believe you would have much basis for a lawsuit either unless te original listing said explicitly that the seller was responsible for U and O.  

I would deal with getting the inspection done, pay for any repairs they require, and chalk this up as a learning experience.    Next time use a Real Estate Agent who has more experience in the area, your agent should have caught that.  

5/6 units paid so far.  The last one always pays on the 5th.  Not too shabby.  

hey, unless your going to be buying at least one property a year I would say probably not worth it.  It takes a ton of time and dedication to get and keep clients, and while its not impossible to do that while having another job, it is very difficult and you need to be super motivated and organized.  

Hey man! I'm a Philadelphia Real estate agent/investor, unless your planning on buying 1-2 properties a year right off the bat I woulnd't personally recommend getting your license right away. Between classes, local association fees, MLS fees, and broker fees, your looking at $1500-2000, and a decent amount of time to get started. Also as a part time agent unless you have a massive network (and if you do that is awesome! ) it will likely take 3-9 months to get any clients, leasing, buying, or selling. In my opinion its not something you do just to learn more about the industry, there are plenty of online resources where you can do that for free.

Find wholesalers in the region, or form a relationship with real estate agents who are doing a lot of deals in the investment space.  This is all easier said than done but in this market its really the only way to get an advantage 

I like Philly, although I might be a little biased (I'm an agent/investor in the city lol).  There is a nice mix between established areas and areas near them that haven't fully gentrified yet, and could see massive appreciation in the next 5-10 years.  Prices are still very fair as well compared to other markets in the region (NJ tends to have way higher property taxes, NY prices are crazy high etc).  So I would definitely at least look into Philadelphia.  

hey Mike!  I'm an investor/agent in Philadephia, and I can tell you that there is still a lot of opportunity over here if your willing to buy in areas likely to appreciate over the next 5-15 years.  I have worked with a number of investors from NYC and would be happy to answer any questions you might have.