All Forum Posts by: Chad Gallagher

Sean - I'd be happy to talk with you.  I actually live in Baltimore (Canton), but our company has real estate agents and property managers that cover Hershey / Harrisburg.  I also invest a lot personally in Central PA.  Ping me -- happy to chat more, seems like we'd have a lot in common.

I need to!  This Mon night.  Pottstown, @ BlackJax.  Having a panel of local landlords.    

Thanks for the mention Odie.

Personally -- I think a B Class neighborhood is the best place to go for your first property.  While we think there are good and bad buys in every class.... we feel strongly that B Class typically has lower risk than other classes and is a great way to start out.  We can totally help talk through what neighborhood that means in the NJ / Philly DMA market.  

Thanks Yonah!  Brielle -- feel free to shoot me a direct note as well if you'd like.  We typically like to manage the property in it's entirety for owners, and then they get access to our full complement of contractors who are insured, and 100% employed by us.   

I like to recommend investors new to an area start out in B to C+ class type neighborhoods.  Much less variance on those deals overall.  A place like Dundalk would be a good place to start your search in Baltimore.  

Anthony - Love the combo of tech + real estate investing ---- that's be background as well.  We have a group of investors that will be starting to meet in person once a month in January in Bethlehem.  Might be a good fit for what you want.  This is tailored to folks who are looking to build long-term real estate wealth.  No sales pitch or charging money allowed.  Reach out if you want more info.    

Just a note in comparison to Trenton (since that was mentioned above) --- we do see much lower eviction rates than Trenton for sure.  If you want to talk to the local PMs for more detailed.... highly recommend coming to one of the local meetups in Princeton or Trenton.

For the Sept Trenton meetup, we will have Roland Pott presenting on Commercial Development. Roland has an incredible experience (over 20 years) that he will share -- this is a meetup that you won't want to miss..... whether you have 20 years of real estate experience or are just getting started. Roland will show you what is possible in the real estate world!

PLUS --- Matt Faircloth, who literally wrote the book on Raising Private Money, will kick it off at 530 with an open office hours session for anyone looking to dig deeper on syndications.

Roland Pott is a Realtor(R) and serves as the Broker of Record for the New Jersey division of Slatehouse Propery Management. He got his start in the real estate business by opening a restaurant called the Urban Word Cafe in 1999 at 449 South Broad Street, Trenton NJ and then developed and built out several adjacent properties into entertainment retail and office space across from a sports arena. He went on to run a live music venue with national touring acts and then graduated to other mixed use real estate development projects and brokerage.

Current brokerage assignments include office leasing and sales in the Statehouse Historic District with an emphasis on trade associations, legislative affairs clients and other professional firms. He has also market a number of restaurants and liquor licenses, a series of bank owned properties in Central New Jersey and represented buyers, including a cleaning plant, a gym, a pharmacy, a distillery, a compost recycler and a sculpture foundry.

In addition to brokerage work, Pott has developed and either sold or continued to own a number of development projects, specializing in urban revitalization, change of use and historic renovation.

Current development projects in his portfolio include a 22 unit residential new construction project near the Trenton Transit Center, a 6000 SF mixed use development in downtown Trenton and a 10 unit change of use residential condominium project in Princeton and an 8000 SF artist studio and gallery buiding in partnership with Isles, Inc and Trenton Downtown Association.

Mr. Pott serves on the board of directors of the MidJersey Chamber of Commerce and as Vice President of the Old Mill Hill Society representing one of Trenton's downtown historic districts. He Co-Chaired the Mayor's Trenton Train Station Advisory Committee and has served on the Trenton Green Team.

Come meet like-minded folks who invest in and around Central NJ. Free to attend, priceless info and networking available.

Agenda:
530PM --- Matt Faircloth Office Hours
630PM --- Networking
645PM --- Roland Pott

This will be an awesome event, see you on Sept 26th at 354 S Broad St!

RSVP here: https://www.meetup.com/Trenton-Real-Estate-Investors-Meetup/events/251093405/

This month's Philadelphia Meetup speaker will be Michael Jalil. Michael managed Fannie Mae REO inventory of up to 6,500 properties in 8 states across the Mid-Atlantic. He was the Client Services Director and worked hand in hand with FNMA's REO HQ's along with their agents throughout the mid-atlantic territory.

Michael will outline how an an investor can get into the highly valuable REO Market. In a tight market like we are in right now, this is incredibly valuable knowledge that most investors don't understand. Break away from the MLS, and jump into the off-market opportunity of REO's. Michael will provide all of the inside info that you can't get anywhere else.

If you are a real estate agent, this will also be a priceless meetup to attend as you can better understand how you can get access to some of these listings.

The Philadelphia Real Estate Investors meetup is a FREE event. Nothing is being pitched here either. This was created by organizations that want to believe in building an authentic and helpful real estate investing community in Philly. Founding organizations that enable the meetup to be free include Fund that Flip, Camaplan, New Western Acquisition, and SlateHouse Property Management.

The meetup takes place at the Courtyard Marriott hotel at 4100 Presidential Blvd. The front desk can guide you to the room when you arrive!

Look forward to seeing you Tues night!

RSVP Here: https://www.meetup.com/Philadelphia-Real-Estate-Investors/events/254351616/

This will be a special meetup. We will be meeting at The Hill School in downtown Pottstown. The guest speaker, Paul Fulmer, is an alumni of The Hill School, and a very experienced expert in real estate. Paul is an adviser and developer with NAI Commercial Partners. Paul has a wide range of experiences including developing premier commercial projects that started out as old run-down buildings. Included in Paul's past projects is Champion Forge, a prime gateway to the city of Lancaster. You can read more about Paul's background here: https://www.linkedin.com/in/paul-d-fulmer-02285b6/

The title of the presentation will be: Restaurant, Retail, Culture & Entertainment -- Catalyst for City Revitalization. Paul will delve into what has worked in Lancaster for commercial development, and of course talk about how it can be applied in Pottstown.

I'm super pumped that Paul will be joining us as he brings a wide assortment of experience and also a deep understanding of the area around Pottstown.

NOTE -- we will be at the Hill School --- not our normal location Blackjax --- just because we thought it'd be great to be in downtown Pottstown for this one!

Networking at 630. Content at 7.

You won't want to miss this one!