All Forum Posts by: Jalen West

Hello @Thomas Higgins, 

Have you thought of investing in Philadelphia? My name is Jalen West and I am a Pennsylvania licensed agent. Philadelphia a rapidly changing city with a variety of investment opportunities. As a result of the top universities, thriving startup scene, and recent surge in the millennial population Philadelphia is a city on the rise. 

Hello @Vlad Filatov,

My name is Jalen West and I am an agent here in Philadelphia. The key to investing in Philadelphia is knowing the neighborhoods and what is going on in these unique neighborhoods. I've live in Philadelphia my entire life giving me a unique appreciation for all that Philadelphia has to offer. Whether you are looking to do a few flips or buy-and-holds, my experience and knowledge could be of use when navigating the Philadelphia market. 

Feel free to pm me if you would like to further discuss investing in Philadelphia.

Thank you for the warm welcoming @Account Closed. 

@Marcell Salmond Congratulation on your recent recent purchase! With you remaining 30k there may be a few paths that you could take. 

Option #1: Either now or after closing I would recommend speaking with your loan officer regarding financing your next purchase. Due to record low interest rates that are still available, the cost to borrow money is currently very low. If you are able to get pre-approve for another mortgage, this may be a great opportunity to buy another multi-family property with good cashflow. Your 30k can be used as a down payment for you next purchase. 

Option #2: Within Philadelphia there are a number of opportunities to invest in low-income rentals. In areas such as North Philadelphia and West Philadelphia. Low-income rentals come with some stress, but if you can handle it there is a lot of money to be made. Three bedroom homes rented out through section 8 go for $800-$1,200 a month. With the 30k, you can purchase the property with cash leaving you with no monthly mortgage payment for this property. This option is great for cashflow, because in 3 years you will recoup the 30k that you have invested.

@Marcell Salmond if you would like to discuss these options further, feel free to pm me. 

@Steven T., I see that you are not that far away from me. Here in Philadelphia there are a range of investing opportunities with a strong rental demand. Finding the opportunity that is right for you depends on your income/NOI goals and willingness to learn. I have experience in buy and hold multi-families properties to full renovations. If you would like to run some number or discuss further, feel free to reach out. I would be glad to help you make that 2 million grow.

Hello Malik,

My name is Jalen and I am an agent in Philadelphia. I am quite far away from you, but if you know your numbers and have a good team in place, investing down the street from you or across the country it is the same.I have closed deals with both in and out of state investors who see the opportunity here in Philadelphia. Being only 2 hours away form both New York and Washington, DC, Philadelphia is a unique and evolving market. The cap rates can range from 7%- 12% and sometimes higher, depending on the investment. Feel free to reach out if you would like to further discuss the investment opportunities in Philadelphia. 

Philadelphia is a rapidly evolving city and home to many of the countries top universities. Due a recent surge in the millennial population, Philadelphia is becoming a hub for innovation and creativity. As a result of this growth there are many opportunities for real estate investors and those looking for a city on the rise. I am here to build relationships with savy investors looking for great opportunities. With my experiences and eye for a good deal, I am confident that I will deliver solid returns.