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All Forum Posts by: Erica Gordon

Erica Gordon has started 2 posts and replied 24 times.

Post: How long did it take you to find your first duplex?

Erica GordonPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 14

@Tammy Mason how do I get in touch w/ brokers? how would I find brokers, would I search “real estate brokers” on google? 

Post: How long did it take you to find your first duplex?

Erica GordonPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 14

@Anthony Zayas yeah I'm noticing that a lot of sellers aren't accepting FHA, so now I am considering switching up my game plan a bit & going w/ a conventional loan.
and thanks a lot for that insight about offering higher and renegotiating after the inspection! I will definitely keep that in mind. 
Btw, how are you purchasing your duplex? FHA, conventional, or cash? 

Post: How long did it take you to find your first duplex?

Erica GordonPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 14

@Kimberly Wilson yeah I looked at a couple properties in the counties surrounding Philly, but I am trying to avoid the high property tax. 

Post: How long did it take you to find your first duplex?

Erica GordonPosted
  • Rental Property Investor
  • Philadelphia
  • Posts 24
  • Votes 14

Hello everyone,
I have been searching for a duplex in Philadelphia, PA. for the past 4-5 months. My plan is to purchase w/ an FHA loan (will use 203k if needed), occupy one unit and rent out the other. I haven't been counting, but I'd say I have looked at about 20+ Duplex's so far. The market is tight here in Philly, especially for my $160k buying limit, I haven't been seeing much in my price range that fits what I am looking for. I have put in a few offers and have been outbid by cash buyers.. people are snatching properties up right now! I have been looking on Zillow, realtor.com, Keller Williams, google searches, etc. I am interested to know how long it has taken others in a similar market and it'll be great to get feedback from others using a FHA loan.