All Forum Posts by: Joe Ranieri

Hi @Sheryl Sitman,

I am slightly confused on what you said.

I guess my question could be summed up to the following:

What kind of real estate investment can I make in the Philly area with $50,000? Or is there nothing worth doing with that amount and should I save up more capital before I make any type of real estate investment in the Philly market?

If that is the case what amount of capital makes sense to make a move? Ideally I would like to own a rental property and earn passive income to at least break even in the short term but I am open to other suggestions as I am not really experienced in this field.

Thanks,

Joe

Hi Neal,

I believe the interest rate I will get is around 5.6%. I will also manage the property myself.

Thanks,

Joe

I want to purchase a rental property in the Philly area and have about $50,000 in liquid funds and would ideally like a property that at the very least breaks even from all expenses. Is there an ideal area in Philly where I should be looking?

I will also be able to save around $3000 a month starting in January due to new job role so another question would be if it makes sense to try and save as much as possible for a year and then have around $85,000 to invest this time next year. Any and all recommendations would be highly appreciated.