All Forum Posts by: Jordan M.

Welcome! I recently joined BP myself and not too far from you (just moved to Warminster but grew up in NE Philly). Let me know if you would like to brainstorm ideas for our area.

First off, thank you to everyone who has responded, I really appreciate your unbiased opinions and insights! 

As many of you have mentioned, I am well aware of the negatives that come along with working with friends and family and that has been the biggest reason I have felt so uneasy about this potential partnership. Everything mentioned is exactly what I have been thinking over the past few months. I have already started laying the groundwork to let them know I will be venturing off on my own. 

It looks like I will doubling down on my efforts and who knows, if something big comes available and I need the partners, now I know who is interested.

Thanks again!

Hi everyone. I have been lurking on BP for a little while now and simultaneously discussing my plans with a friend who is a potential business partner. Aside from him, our parents also want to partner up. I have been thinking about the pros and cons of partnering with them on our first property and continuing to do so as we move forward but I cannot help but think that four people partnering on one, or even two properties is a bit excessive. 

Both of our dads have excess cash they are looking to invest so we are looking for them to help us get started. My buddy has no liquid assets but can hustle and has lots of contacts in our area. I have some excess cash I am also looking to invest so while it seems like a no brainer that we all help one another, I guess I am just second guessing the idea since the little cash flow we will have at the beginning will be split so many ways.

I was hoping to get some unbiased opinions so anything you are willing to share would be appreciated. Thanks.

Jordan

I lived in N Wilmington for three years and still work there. I am certainly keeping that area in mind as I look for a property. If possible, please include me on the next meet up. I would love to discuss the different neighborhoods. Jordan

Originally posted by @Greg Behan:

welcome Jordan.   

I grew up in warminster let me know if I can be of any assistance.  I'm still local to the area.

 Thanks, Greg! I appreciate the offer.

Congrats and thank you for sharing. 

Hi Linda - I just joined BP a few days ago and was wondering how things have been going for you over the past six months. I am just starting to begin my research with hopes of purchasing my first MFR by the middle of the year. Do you have any success or progress you would be willing to share?

Thanks.
Jordan

It's great to see so many people from this area! Does anyone have any recommended local organizations or resources that I shoul look in to?

Thanks for the kind welcome @Suzy Angelo and @Rachelle Rodavia!

Hi everyone. I recently joined to start learning about real estate investing. I am leaning towards starting out in multi-family units using a buy and hold strategy. I am eager to learn and my goal is to purchase my first investment property in mid-2016.

Jordan