All Forum Posts by: Li Wa

Welcome @craig ! I love the podcasts too. I have been looking for properties in Lower Bucks County. The inexpensive ones, in Bristol, Morrisville, Trenton and Levittown can look a little scary to a newbie (high prices). Have you found any areas that you are targeting?

@Craig Beverley

0 Votes

Norristown can be tough. Are the tenants Section 8?

Good luck with this!

0 Votes

Originally posted by David Rundle:

Hey! I'm a proud father of my infant son and a loving husband to my wife. I'm a software engineer and within the last 2 years graduated from graduate school with an M.B.A. I'm hoping to also become a smarter real estate investor by gaining knowledge incrementally day by day.

In business school I studied and researched the real estate market as well as the car wash industry. I'm very interested in wholesaling and maintaining a portfolio of properties with an end goal of owning a few million+ dollar full-service car wash investments and expanding my real estate portfolio into the Philadelphia area.

I've been attending the Oklahoma City Real Estate investors meetup and have enjoyed meeting a few people. However, I'm not always able to stay late at the meetings due to having an infant at home so I've missed the opportunity to network as much as I'd like.

I'm hoping to meet some great folks through biggerpockets and always want to attempt to provide more information than I receive. From what I've seen, this is a great community and I look forward to continuing to update my biggerpockets blog as I travel the path to becoming a real estate investor.

Why are you interested in Philadelphia? Isn't that far from you?

0 Votes

Originally posted by Collin Kautz:

I am curious at what price point this becomes a deal for the investor? Does 350k work? Does 300k make it a deal?

I had the exact same question!

0 Votes

Originally posted by Darryl Smith:

Does anybody in the Philly area know the upcoming and developing areas? Is thier any perfered hot spots in Philly?

In Philly, you should keep in mind the issues around the crazy high wage tax (which keeps some higher income folks from living there). Not sure if there are higher numbers of regulations around running rentals (smoke detectors, lead paint etc) but I would look into them before purchasing. There is a pretty good real estate investors group called DIG, which meets right outside of the city. Have you looked at the City-Data forums online? I think that they usually provide good insight about any city.

0 Votes

Mehran, that was an awesome video. I appreciate you sending it

Originally posted by Mehran Kamari:
Welcome to BiggerPockets @Li Wa!

Endless commute, sounds rough! Hopefully one day you can make things happen enough in real estate to kiss that commute good-bye!

Since your plan is to acquire a cashflowing property, you may find this video very helpful in analyzing your future deals

0 Votes

John,

I know that there are vacation rentals in some locations that service the workers. So, in Ocean City, MD, for example, I think that some of the seasonal rentals do ok. But it has been a long time since I have researched them.... For me the advantage would be that all of my tenant issues would be relegated to a short period of time.

Originally posted by John Moore:
Welcome to bigger pockets and good to see the PA membership growing.\

Vacation rentals are a different animal than primary home renting. The upkeep and repair is rather intensive and needs a good property mangement team in order to be profitable. Food for thought.

0 Votes

Hi,

I am a complete newbie. My name is Lisa and I live in Bucks County, PA. I love listening to the podcasts during my endless commute and have heard some of them several times. I am trying to decide how to get started...( either with a 4-plex in Bucks County or Montgomery or with a vacation rental) while still working. I am particularly looking around for an opportunity in a good school district (Neshaminy or Lower Merion) that cash flows. So, I am just starting to learn what all the terms mean, and find this to be an awesome forum. Thanks to Josh and Brandon and everyone else!

0 Votes

All Forum Posts by: Li Wa

Li Wa has started 1 posts and replied 20 times.

Post: My first Philadelphia REIA meeting

Post: The 50% Rule: Video Tutorial

Post: New member from the Philadelphia suburbs

Post: Possible first deal looking for some input - Philadelphia area

Post: Hello from Oklahoma City , Oklahoma

Post: 4Plex Evaluation

Post: Philly Areas up in coming?

Post: Hello from PA

Post: Hello from PA

Post: Hello from PA