All Forum Posts by: Kevin D.

I can't speak for Lackawanna County and Scranton, but Luzerne County (where Wilkes-Barre is) has had a rising population according to the most recent census data. I invest in and around Wilkes-Barre because I grew up here and I know the area well and like you said, the cash flows are high; Levered IRR >25%. Its not optimal, because you're never going to recognize massive appreciation, but I'm not brave enough to deploy funds to buy an 8 unit building in [insert city here] when I literally know nothing about that city's neighborhoods.

With all of that said, Luzerne County has some really solid pockets where there is a good renter base and enough middle class jobs to keep housing prices growing very, VERY slowly.

Welcome to the forums, Glenn. 

Right bank. I work with someone else, but I've met Todd. You should be in good hands with him. 

@Danny Cronauer, I have a local lender that will lend to your entity.  It's considered a commercial mortgage, but the rate is fair and you can do up to a 20 year amortization.  Obviously, he'll look for a personal guarantee and look at your ability to repay the money.  Shoot me a message if you're still looking.

@Kevin Marsh My advice is to dive in head first. Start with something small so your downside is limited, but even if you break even on your equity, you'll learn more than reading every book and listening to every podcast. I started with a $10k house and renovated it and got it rented. 

Find your strength and outsource the rest. So if you can swing a hammer, do that; and outsource the financing. If you have money and don't know anything about contracting, outsource that. 

Welcome, @Kevin Marsh. Definitely listen to the podcasts to start. What type of investments are you looking to get in to?

16 units across 7 properties.  I manage 1 and have a PM for the other 16.  Just made an offer on an 8 unit with a retail space.  36 units should get me to my freedom number, so my goal is to reach that byt the end of 2017.

@Hunter Waterman I'm a local investor and can make some recommendations. Shoot me an email or give me a call tomorrow and hopefully I can lend a hand. 

Very cool @Alan Kline. I own a couple properties in Hanover Twp also. Let me know how it goes. 

@Tristin Lysogorski, if you're looking in the Wilkes-Barre area, you can access the MLS for free, even if you're not an agent. Go to gwbar-dot-org.