All Forum Posts by: Jason Polykoff

Originally posted by @Victoria Pham:

Hi Jason. I'm impressed by how prepared you are for your children! I wish you the best! I'm a real estate consultant from Philadelphia. I move a lot of inventories each month in Philly and Delaware County. Buy and Hold is definitely a good strategy for the market in Philly. A good thing about Philadelphia is that you can find a variety of options, from a very expensive property to a very cheap one. So, I'm confident you can find a good investment in any neighborhood for rentals. But from my personal insight, the rental market is strong in North Philly where the price is cheap and there is a lot of room for your house to appreciate. West Philly is very hot as well. More and more young professionals are moving from center city and University City to West Philly to live. South Philly could be a good option as well but the price is getting more and more pricey. Let me know if you have any questions. See the picture below some stats relating to rent in Philly areas. I'm very happy to share what I know

 Victoria, thanks so much for the post and the kind words. That map is super helpful. Do you happen to have a similar map for the surrounding counties (delaware, montgomery, chester)?

Until we can build up our portfolio, we will probably need to start with less expensive properties. I know West Philly pretty well, perhaps I should look closer in that area. 

Thanks Victoria!

Does anyone know of a free website that can quickly share comps of a property? One that gives a general idea of the comps, with the understanding that I'll still have to do research myself. On the same token, does anyone know of a website that provides ARV?

Thanks BP community!

@Justin Schreibeis thanks Justin! I’d love to hear how you got started, and what your first deal was like. Also, any advice for a new investor?

@Daniel Taylor Looks like we are in the same boat! Are you thinking flips? Buy and holds? I’m not sure what area yet. I know Delco well, but a lot of opportunities in the city. Still figuring it out. What about you?

Hi everyone! I'm a 37 year old father of two and I've just started the first step on my real estate investing journey... getting educating. Bigger pockets has been clutch, and I'm so grateful for this resource. My wife and I feel we are about a year away from getting our first rental property (after we finish paying off these student loans). The first goal is to get properties that can turn into college funds for my boys (1 yo and 3 yo). I'm particularly interested in the BRRRR strategy. I would love to bounce stuff off people who have experience with rentals and/or BRRRRing. Thanks everyone!

What phase of the real estate cycle would you say we’re in? Are we in a transition period?