All Forum Posts by: Chanelle Henry

Hello everyone! 

So I am new to Wholesaling and I think I am getting in my head too much about it. I am currently living in a neighborhood that is gentrifying at an incredible rate. I live in Fishtown (zip code 19122), and I was wondering if anyone has any tips or advice on how to possibly "scoop up" or appeal to those who still are in this area and could be a potential investment opportunity. But how can I do that in a saturated neighborhood?

Thank you in advance!

If you're still looking, I am taking offers for my property at 645 N 12th Street, 19123. Also groundedinphilly.org is a great site.

Hello everyone, I know what the initial answer may be on this, but at the age of 34, I'm facing some financial issues that really started as soon as I found out I had a lot of health issues that would cause me to lose my job and go into a greater debt than I would have liked before starting grad school. I currently owe about $140k+ and raising, and this includes student loads were are currently being deferred, but I also own a vacant lot in Philly that was reassessed by the city this year (because of big improvements) and it's worth $175k. My credit score went down 200 points in the last year, I'm smart with tons of IT and tech skills but can't seem to get a job and I was wondering what to do? Can I keep this property and somehow Manley residual income on it? Should I sell it and try to invest in another city I possibly like ? Is if possibly to get a real estate investor to fund building on the property, or is that not common? Please help!

16 years ago I inherited land in downtown Philadelphia and I can see the trends building in this area and know that it's only going to become a more affluent neighborhood. My question or concern is that I know what I want to build, a commercial space on the first floor, student living on the second, and a nice house on the top floor that would be an Airbnb property. Right now it's just dirt, and I've done some homework and it's going to cost about 10k to get the drawings from the architect, and about 350k to build, but the revenue model I have figured out should make this a lucrative property. My concerns are, how can I earn money in the meantime while it's just a lot? Should I team up with a real estate investor or wait until I can do this myself? Will it be hard to manage this property if I don't live in this city? I know this question may be dumb, but should I sell it and try to invest in another lucrative venture? Should I try to buy property around me or is that a full time type of thing? For those in the Philly area, it's at 12th and Wallace as a reference point. There are two student housing next to me and I'm 5 blocks away from City Hall. I feel this is a goldmine if done right but I'm overwhelmed and not caught up with the education of real estate. Please help!