All Forum Posts by: Cindy Donley

Hi Michael, welcome!  I'm new on here as well and invest in Austin...also an old Austinte!

Hi All,

I'm new to this site but have been investing in Austin off and on for over 10 years.  I have my real estate lisence.

I have been looking at the properties in Philadelphia and see opportunities, but don't know their economy well enough or city for that matter.  I'm now thinking of going to different locations, buy and flip and build the money's to keep doing this.  

Is it worth it?  Has anyone done this and found an area that is hotter and guaranteed to sell is priced right and redone well?  I'm thinking the cheaper row houses and townhomes, that can be acquired from 5000 to 25000.  Even thought about doing 3 at a time, having contractors move from one to the next...but now sure if the economy would support, are they even sellable?

Thanks,

Cindy

Yes, patience is a virtue!  I have rushed in hiring substandard workers, who then took me to the cleaners, I wanted it done quickly rather than wait for the contractors who were busy.  I learned a very expensive lesson.  It is very hard to find good workers who are available, without too much ability to do the sweat equity, I have to have much more patience.