All Forum Posts by: Garrett M.

Thanks @Jessica F. and @Jamal Pitts !

it was very interesting and I learned a lot. I definitely saw what you mean about many of the properties being held back from sale, either with a court order or the "stayed by salesman" thing. Many properties were postponed for future sheriff sale as well. I have since heard that the tax sales are better. But I'm curious why? How are they different?

Hi! I'm a new investor in Philadelphia and I'm planning to attend the next Sheriff Sale to see what I can learn. I will not be bidding, only observing. Anyone have experience with these sales? What advice would you give to someone new like myself? Anyone else planning to attend? Thanks, maybe I'll see you there!

Wow! Thanks for the awesome replies! Greg, thanks for your very detailed response. I will post the details of my home equity question in the financing forum. I am currently trying to wrap my head around how to buy up to five buy/hold rental properties over the next few years. I want to make sure I don't do something to get in my own way. My only asset right now is my equity in my primary residence (roughly 125k) I am wondering how to finance that 3rd or 4th property once I own a few properties with low equity. I know that may seem like worrying about something that's too far in the future- but I'll bet there's some good ideas out there on this. Thanks in advance!

I'm excited to be a part of the BP crew! Thanks to Josh and the BP membership for making this such a great resource for those who want to educate themselves about REI.

Since I was a kid, I have always been fascinated by houses and neighborhood development. I suppose it makes REI a natural area of investment for me, but this is the first time I'm able to do something about it. I have hungrily listened to the first 12 podcasts and have been familiarizing myself with the forums. I have one problem though, the more I learn the longer my list of questions becomes!

I am a 7 year resident of the Fairmount neighborhood of Philadelpia and I feel like I know the downtown market fairly well with an understanding of relative values. I am considering tapping into the equity in my primary residence to begin investing in Philadelphia. Is that what BP members refer to as house-hacking? I was curious about opinions you all might have on home equity loans vs HELOCS... And more important is this a good idea at all?

I am interested in the long view of buy/hold. I plan to hold for 10 yrs or more and rent the units. Starting out I was planning on single family but I am becoming interested in 2-4 units as well. I will be looking for discounted properties in established areas that are walkable or close to downtown. I am also interested in properties in areas that are upcoming in value and quality of life.

I plan to attend the next local BP met-up at London Bar and Grill this Tuesday eve and I am also planning to attend the Philadelphia Sheriff Sale (as an observer only!) As I said, I have more questions than I know what to do with. But I'm excited to get started. Thanks for welcoming me.