All Forum Posts by: Gilda VanderHeyden

Thanks for posting this! Am in the same boat and am planning a trip to Philly/Valley Forge in the next few weeks (end of March/beginning of April). Considering investing in small multi-family or SFH in the area. More of a buy and hold investor, but not sure if timing is the best considering the market may be in a bit of a bubble: https://www.nbcphiladelphia.co...

Also read a different article that mentioned demand being spiked by New Yorkers moving out of the area into Philly and another regarding the potential increase of foreclosures that may flood the market and up the supply.

Curious to know from those that are already invested in this market what your perspective is on this.  In general, I do believe a deal can be found in any market.

Would also welcome any recommendations for the following professionals:

• * Real Estate Agents/Brokers
• * Wholesalers
• * Contractors
• * Property Managers

Thanks in advance!

Hi @Account Closed, looks like this post is pretty old.  You must be quite a seasoned investor in the Philly Market by now!  Am planning to take a trip to the area in a few weeks and am considering investing in the area.

Curious to know how your investing is going and would love to reach out to a potential team including a real estate agent, PM, possibly contractors to get started, if you wouldn't mind sharing.  

Do you still invest in the area and is there further room for growth?  I did come across a recent article that suggested that the Philly market could be in a bit of a bubble and another one that mentioned the demand has been driven up by the droves of New Yorkers flocking to the area for more affordability.

https://www.nbcphiladelphia.co...

What are your thoughts on that?

Thanks so much in advance!

Gilda

Thank you so much for these different perspectives and insight!  The Townhouse has been a great rental for us and does cash flow positive. I just checked rents for 3BR 3.5 baths and there's room to raise rent as well. It's actually in the Countryside Neighborhood, which is about 15 minutes from Dulles International Airport, has good schools, convenient places to shop etc.

The main reasons we're considering selling are:

• To potentially roll this into another property investment in a different market (although we'd be completely new to this market and it's an unknown)
• To take advantage of the hot market since it's appreciated a good amount
• Not sure how much more a townhouse could appreciate vs. a SFH (although just looking at TH in Alexandria or Burke - they're about $100K higher than ours - so I guess it still could appreciate further).

The reasons to hold would be:

• Future appreciation
• Higher Cash Flow with Rent Increases
• We're in a growing market and since it's in the suburbs - a potential place for more folks to flock this way
• From a long-term investor's standpoint - appreciation may just win in the long haul

Wow, to be honest now am leaning more toward holding . . . especially since most of the previous opinions I had were strictly from an agent's perspective. Here it seems like a great mix of agents and investors or a combo.

So thank you again!

We were in this situation exactly - only it didn't work out with our tenants - as they weren't able to get their finances in order.  During this process I did learn that it's a relatively easy process and that one of the best ways to do this is to have a Real Estate Attorney draw up a contract between you and your tenants for the purchase of the property.  I offered them less than market price and to pay for the attorney fees to draw up the agreement.  To be fair, I also recommended that they could hire their own real estate attorney or agent as a consultant on a fee basis to represent them.  I got a few quotes from real estate attorneys in our area and they ranged from about $350-$600.  

Hope this helps and best of luck to you!

We have a townhouse rental in Sterling, Virginia. Was just curious what your thoughts are about the Northern Virginia (specifically Loudoun County) Real Estate Market. More specifically,

1. Do you think there's still room for further appreciation in the next 3-5 years?
2. If you own in this area, are planning to keep your property/properties?
3. What are the reasons behind this?

I have already consulted a few real estate agents in the area; many of which advise that it's still a hot market and now is a good time to sell.

Thanks in advance!

Awesome! Thank you very much!

Hi there, would love to know if any of you have a good property manager in the Boise/Nampa area for small multi-family units, like duplexes.

I checked other posts, but most are older.

Thanks in advance for your help!