All Forum Posts by: Joel Moran

Looking for a real estate friendly CPA & Attorney in NYC. Preferably located in Brooklyn or Manhattan. I am looking to get my first deal done soon and want to be prepared for any tax legal issues that will come up before embarking on this journey. 

@Keyonte Summers

    Thanks for the input. I am just familiarizing myself with the area. What would you consider decent and not so decent neighborhoods to invest in?

Hello,

I am looking to do my first deal. I am currently looking in PA and prefer to stay here but I have kept an eye on the Detroit market. Some leads are very attractive price wise. Anyone that has rentals or flipped in Detroit before? Is it as bad as it looks. How does the forecast look for the city.

@Mike Dorneman

I was able to walk around WB's downtown area and it looks good. I put an offer on a few near Kings but was outbidded. Thanks for letting me know about the dam. The realtor I am working with now lives in WB and she has warned about flood insurance prices in Pittston. 

@Matt Suchoski

I've seen some interesting ones in those areas. Mountain Top and Dallas are a bit out of my price range at the moment but I will definitely keep them in mind. 

@Dan Marriggi

I am looking to buy and flip. Pittston looks like a decent market and in much better condition then the other towns I've mentioned. Do you self manage your rentals? Any contractors that you can recommend? 

Perhaps you can ask family if they would be willing to help you fund your first deal? You can look at cheap SFH and maybe flip?

I’m based in NYC. I’m also looking in Pittston, Nanticoke and Scranton. Any input on these towns would be of great help. Taxes, insurance etc. Wilkes-Barre does look interesting. Some streets do look a bit run down though. I guess you can say the same thing about Scranton. Looking to buy and flip on my first deal but buy and hold is definitely on my to do list. I only spent a couple of days there and have done research. Nothing beats the input of someone who actually lives there.

Usually banks require at least 7 years of established credit to finance. Don’t get discouraged though. I’m in my late 20’s and I’m looking for my first deal. How old are you, if I may ask? How familiar are you with investing? Learn as much as possible while you save and build your credit.

What kind of properties and locations are you interested in?