All Forum Posts by: Account Closed

 No offense taken Jim. As with most Millennials, Debt and median income happens to be keeping me down at the moment. As in, I am not necessarily looking to even utilize this myself. 

Even if I found a wonderful property, banks, to my knowledge, are extremely stringent with commercial loans. Doubt they would loan someone like me a half a million dollar loan.

 I mean this is a ridiculous assertion to make...I don’t really have a comment back except keep being successful Jim!

To add to my thoughts about Scranton: Lehigh Valley was chosen as a business hub due to its proximity to 4 major cities right in the NE. Pittsburgh, NY, Boston and Philly. Scranton is essentially just as close. 81 and 80 are Major national highways. It is no wonder Allentown and Bethlehem have seen the explosion that they did. 

For transit purposes, you can get anywhere in the country fairly easily. 

 This can change deal by deal, as there are certain programs and also many different private investors available. Deal by Deal basis to my knowledge.

Hi Guys. Been soaking up knowledge here for awhile now. Reading alot.

I can’t get into specifics, but say you a personal connection to access private lenders through a private equity firm...what would you be doing?

Bear in mind, you’re in debt, young with little RE experience (lots of knowledge though.)

Would you be looking for deals that need funding and if so, how? 

Or would you try and utilize this to get your own deals, bearing in mind that you don ‘t yet have high income to warrant huge loans, etc? 

I grew up in a suburb of Scranton, Lived in Allentown for a year: A few comments. I love the Lehigh Valley. I think Allentown as a city will continue to expand to a point. Deals are harder and harder to find at the moment obviously . I looked at several. Not necessarily at the peak of the market as business continues to move in, but let me make a point. 

I am a forex trader part time, and my motto is value investing. Scranton gets a bad name(horrible politics..old folks, etc.) but, IMO, nowhere to go but Up. As the prices in Lehigh Valley continue to skyrocket, businesses are viewing the Scranton/Wilkes-Barre Area as a good value to move into. Chewy, Adidas, Online Labels, and many other national level companies have DCs in the Scranton Beltway. 

Properties up here seem to cash flow..really really well. And prices stay fairly stable. The down is desperate for new leadership, and with a few scandals going down, it may happen. I always have the idea that investing when others are fearful is a good idea. For years I’ve heard “ stay away from Scranton.” 

I've been toying back and forth, but I may make my first move on an FHA 3 or 4 unit. Have a few picked out. My 2 Cents.

Hi Guys. Been soaking up knowledge here for awhile now. Reading alot. 

I can’t get into specifics, but say you a personal connection to access private lenders through a private equity firm...what would you be doing? 

Bear in mind, you’re in debt, young with little RE experience (lots of knowledge though.) 

Would you be looking for deals that need funding and if so, how? 

I found a nice seller financing deal that will provide ample cash flow and minimal down. A friend of mine wants to partner with me, which I am ok with as it will keep money in both our pockets. The buyer is waiting for me to sign a contract. How can I structure this so that we are both in title, etc. we don't have an LLC right now, and I've never done this so I am not sure what to do. We are both putting equal % down.

 Interestingly enough, the data shows many hidden issues right now with our economy. We are CLOSE to a recession. I am new to this game, and want to buy, but am cautious. To be honest, Not quite sure what I should be looking for at the moment. 

So is now a good time to focus on buy and holds and cash flow?