All Forum Posts by: Leah G.

In summary, I am a new real-estate investor. I am working to close on my second property this year. My market is rentals in Philadelphia, by year end I will have two triplexes (6 units total).

I am a high earning W2 employee and switching to independent contractor (hopefully earning more).

Again, I am new to real-estate, so I am understanding that the passive income from investment properties starts off as somewhat minimal and is not going to make me rich overnight. But my understanding is also that there can be tremendous tax benefits / write offs when it comes to real-estate.

I am looking for more guidance from professionals on how to structure my investments and how I could potentially harness the power of depreciation and write-offs to legally save money on my active earned income. I know this is feasible (having to meet specific criteria) but I just do not know where to start. My hope is to continue investing heavily into properties and utilizing their tax benefits!

If anyone could refer me to a good tax strategist and accountant, or had any personal wisdom on this topic, I would love to discuss further!

Hi Daniel!
I just connected with a financial advisor/ CPA at a local meetup in King of Prussia. I will likely using his services for my personal finances. If you would like, i'd be happy to send you his contact to maybe see if his services are best for you.

Hi Chris! I’m piggybacking off of this question and also looking for an RE friendly accountant. Would you mind sending me his info as well?

1 Vote

Philadelphia, Pennsylvania

Hi Everyone! I just started my real estate journey and I'm looking for advice about investing in the Philadelphia Suburbs!

My partner and I are looking to house hack a duplex for our first investment. I've been running the numbers and looking at properties in Philadelphia, specifically; Mt Airy, West Philly/University City Area, East Falls, South Philly, Chestnut Hill, Manayunk, and Roxborough. My thought process for choosing these areas is the taxes are lower, tenant's are more available, listing prices are typically more affordable (we would like to stay around 300K), and there is good potential for renovations and pulling equity in the long term.

Paying high property taxes and the demand for tenants over time is what makes me cautious of a suburban location. For those who have invested in the suburban area, have you had a hard time finding tenants? How long does it usually take for you to fill a vacant rental? And, are there any affordable suburban areas you have had success in that you would recommend? For example, I believe Drexel Hill and Lansdowne may be good areas with relatively lower taxes.

I appreciate any and all advice/tips/suggestions! Thank you!

1 Vote

Philadelphia, Pennsylvania

Quote from @Oscar Beteta:

Great posts guys! I’m also looking into investing in Germantown. Drove around there last night and found that the area by queen lane station has a lot of potential. It is very block by block but you can see a lot of development already by queen lane station. I’m looking for long term buy and hold opportunities and specifically a triplex or quad to househavk in. Please reach out to me if you hav any opportunities and also if you have experience investing in this area. I want to learn the fundamentals of why Germantown is a growth area.

Did you have any luck in Germantown? I'm interested in a triplex 10 minutes from queen lane station and also looking to house hack. Any and all info on your experience would be super helpful!

0 Votes

Philadelphia, Pennsylvania

All Forum Posts by: Leah G.

Leah G. has started 1 posts and replied 3 times.

Post: Tax Strategist and Accountants?

Post: Are Vacancies Common in the Philly Suburbs?

Post: Germantown Worth it or Not?