All Forum Posts by: Joe Fordahl

Does anyone have any referrals for NEPA based manually underwritten - owner occupied loans? 

@Steve Babiak Only if potential clients hate well managed property and brokers are leery of highly credentialed and seasoned entrepreneurs with strong business and marketing experience and have extensive experience in construction.
We are not talking about rocket science, Steve. We are talking about business. 

We are talking about being responsive to client's needs and managing the hell out of their property.

Yes experience is important, hence bringing a broker onboard, but let's not shy away from the fact that property managers have a terrible reputation nationwide, not because they don't have experience, but because they often are terrible on the operations side of the business. They often have no issue getting business and signing deals, but they often don't have clear vision, they accept clients without hesitation, they don't have clear processes and systems, they don't understand their market, they are not great at accounting, documentation, proactive maintenance... 

Operations, marketing, and business process improvement happens to be where I excel.

Ah ok. That makes sense. Thanks for the clarification! 

So if I own a property management company, I couldn't acquire my license through an employee that is a licensed broker? I would have to work for them, not the other way around? 

Someone mentioned to me that I would need a broker license in order to start a property management business in PA. Is this true, and if so is there any way around this? 

For example, could I hire a broker to be the license holder for the property management company?  
(Much like construction companies will hire master electricians to be the license holder for the company so that the company can legally provide electrician services.)  

I have no issue getting the license, just have an issue waiting 3+ years to start a property management company, because I would need to start out from the beginning. 

Another somewhat related question, there is no requirement broker license requirement for private investors to manage their own properties, right? 

Thanks in advance for all your insight!

Hi, 

We are new to real estate investing (our only rental so far has been a home we purchased for ourselves using conventional financing and kept as a rental when we moved out), but we are interested in finding under market properties that need work, rehabbing, and renting them. We are looking at the BRRRR method, but have little experience with hard money.

Our question: what advice would you give someone new to real estate investing as far as financing a deal? Conventional, creative, hard money, etc. 

If you have used hard money in the past, what would be important to know?

Any advise on this matter would be helpful. Thanks in advance. 

Hello, 

My wife and I are planning to move to the area this summer. We are interested in investing in real estate and have found this website very helpful so far. We wanted to make an introduction and start making connections with others before we arrive. Who is in the area and what advise would you give someone from out of state who is relocating?

Hello, 

My wife and I are planning to move to the area this summer. We are interested in investing in real estate and have found this website very helpful so far. We wanted to make an introduction and start making connections with others before we arrive. Who is in the area and what advise would you give someone from out of state who is relocating?