All Forum Posts by: Joe Mulcahy

Hi Iris,  Well i guess the age old addage applies: Find the deal and the money will find you.  I would join some investor groups in Philadelphia.  DIG is big and so is HAPCO.  There you can network with other investors  who are always looking for good deals.

Joe

Good Job Juan!  Check out the meetups too.  I am involved in DIG Diversified Investor Group.  They have meeting in Philly.  Also HAPCO the association for Philly landlords. Both have many knowledgeable investors you can connect with.

Good luck! 

Hi Melissa. There are a lot of real estate agents out there. Some have investor savy some don’t. But they can all show you many properties and once you place an offer, help you close the deal. As far as analyzing if it is a good deal or not, that would be your responsibility. I have 4 properties now and I basically see my agent at closing. Usually I call her up and get a code, look at the property. Analyze the rehab, rent, taxes, and determine if it is a good deal. Picking an agent can be a crap shoot. One trick is to call the listing agent on the property you have interest in and start with him/her. Once you talk to an agent it is not a marriage. If you don’t click get another one. I have 3 or 4 agents and I buy from whoever brings me the deal. Also you should join some meetup groups for real estate. One I am involved in is DIG (DIGonline.org). And they have a meetup in Chester county. There is a member ship fee (125 year). But the first meeting is free.

Good luck.

Joe Mulcahy  

Congrats Lamar!  i have a few rentals. Get educated by joining HAPCO or DIG.  HAPCO is the Philadelphia landlord rental group and DIG is Diversified Investor Group.  Both can give you tons of advice and resources.  Being a landlord is not hard but you need an education and although BP is good, there is just too much info to explain on the forum. i took a class about landlording from DIG and it helped me out a lot. Also check out Joe Neilson the real estate professor. he has a good book on how he created a rental empire. 

Good luck! 

Welcome to BP Shelly! 

HI,  I am taking my PA real estate exam on April 20th.  Has anyone used a prep course online they can recommend?   I was looking at Night before the exam online, Prepagent.com or compucram.  Did anyone use these or have a program they can recommend? Anyone have advice on what there is a lot of focus on the exam. How hard is it? Thanks, Sherry Mulcahy

HI,  I am taking my PA real estate exam on April 20th.  Has anyone used a prep course online they can recommend?   I was looking at Night before the exam online, Prepagent.com or compucram.  Did anyone use these or have a program they can recommend?

Thanks,

Sherry Mulcahy

The key to finding good contractors is networking. Go to your local RIEA meetings and ask. Join some local REIA groups such as DIG or HAPCO. They have answer lines where you can ask for referrals from seasoned investors. Cost is minimal and the knowledge is maximum!

Thanks Joe 

Matz Land Transfer

Karen Matz

Never used them personally.

Walnut Ridge is ok. I actually lived there in the 80’s in one of the brown units. It was ok back then. I bought one of the white and blue ones and paid less for that then the one I bought in the 80’s. so appreciation is not really there either. And they are all oil heat but the school district is not too bad better then Pottstown. And with a town house you have a insulation on either side of you (other townhouse) and I don’t believe my tenant is getting killed with the oil bill. Rent is pretty good. But the area is not as nice as when I lived there in the 80’s. If you buy one get it in the white and blue’s they are newer. A guy named Percy was at the DIG meeting and he also bought one in my block and he just bought a brown one and is going to rent it out. . Good you bought your duplex in the north end. Yes I would stay way out of reading! Although the surrounding area of reading have pretty good school districts. We can chat at the next DIG meeting.

Steve i didn't know about Ptown has there contractors register. That is good to know.

Joe