All Forum Posts by: Kendra Gimblet

Hello there thank you both for responding I see what Matt is saying I am not familier with Point Breeze though the multifamilies I can swing seem to all be there, though I can get a nice 3br townhouse in the center and either rent out the whole thing or room by room. What would be your advise since you have purchased there @Lana Lee?

Hello from the Learning New,

I need advise, I want to invest in multifamily buildings in Philadelphia my issue is that the ones I really like are completely out of my price range, the ones that need work are far and not in even class b areas. I have noticed that there are turn-key 2-3br townhomes in the city center that are in my range. Should I find a way to get the multifamily or get a townhouse and rent out or Airbnb the rooms.

Thank you so much for reading my question. :)

@Freda Johnson  I learned so much from reading this thread from you thank you so much! Any information your willing to pass on I am grateful to read.

It does truly thank you .

Thank you for responding Mr. Patel. I was looking into 2-3 family units, staying in one unit renting the rest. This would be my first investment property.

So I guess I am finally getting to the frustration stage where I've gone to banks and spoken to lenders and I can't seem to get loan price I'm looking for. Due to this I am wondering if I should change strategies or get a second job (I currently work full time as well as full time uni). I make 50k a year an am looking to get at least a 400k loan. I just want to know what I am doing incorrectly and what creative financing I should look into. 

I look forward to any advise. Thank you! :)

Thank you Mr. Nolan I did read the beginner's guide which was absolutely amazing, and now

I am asking the question of if I can't come up wth 20% down what are ways I can creatively finance the deal. So that is my latest research venture, great being a newbie! Thank you again for your advice. 

As a newb spending hours reading blog posts and listening to podcasts I have one question.

What do you do when you don't have 20% to put down on a property? What creative financing is available?

Hello NYC Newbie here,

My question is if a person wanted to see substantial income within 5 years of real estate investment what niche should be chosen? I thought being a landlord would be a smart thing to do, but could I begin to see a replacement of income within that amount of time?

A friend of mine says that there may be more success in both obtaining properties and managing other landlord's properties.

Any thoughts? Suggestions of things to read.