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All Forum Posts by: Frank McGovern

Frank McGovern has started 21 posts and replied 91 times.

Post: Hard Money Lenders in the Philadelphia Area

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

@Matthew Gonglik

I’ve borrowed a lot from Crowdcopia in the past and they were great to work with

Post: Looking to build a team in the Philadelphia area

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

@Daniel Imahiyerobo

I’m a very active Wholeslaer in Philly and willing to help in any way I can

I have personally used Balley Green . I also use Monument Bank

Post: Agents in Philadelphia

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

I am a licensed agent in PA. Don't really work as an agent much but I am a very active investor. What specifically did you need help with?

Post: What are the pros and cons of being an agent and a wholesaler?

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

Yes Manny....this post was from 4 years ago....I have certainly come a long way

Post: Where are the 10% CAP rate markets?

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

10% cap rates are very realistic in the Philadelphia market in C class neighborhoods

Post: What The H*** Is Wrong With Wholesalers

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

I think a lot of people are confusing 2 things here: people that are looking to get into wholesaling vs wholesalers. Wholesalers are actively closing deals. I myself have done over 100 in the last 3 years. I wouldnt be able to do any if I wasnt bringing value to real cash buyers. I think real wholesalers get a bad rep due to the fact that people looking to get involved with wholesaling  call themselves wholesalers but have yet to do a deal or even educate themselves. There is a big difference between the two. 

Post: Cliché Intro Post

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

I am very active with wholesaling in the Philly market. I am not a coach or paid mentor but will help you in any way I can with getting started. Feel free to reach out to me anytime. 

Post: philadelphia - mayfair, tacony & holmesburg

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

zips for morrell and parkwood are 19154 and 19114

Post: mayfair philadelphia

Frank McGovernPosted
  • Philadelphia, PA
  • Posts 97
  • Votes 31

19135 is a great area to buy and hold. It has a good mixture of tenant occupied and owner occupied properties. Can purchase in the area and get a good cap rate as well as instant equity.