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All Forum Posts by: Lucas Jones

Lucas Jones has started 1 posts and replied 2 times.

Post: RE Agents in Philadelphia - Looking for Recommendations

Lucas JonesPosted
  • San Francisco, CA
  • Posts 2
  • Votes 0

Hi BP! My partners and I are looking for recommendations for RE Agents in Philadelphia that are familiar with the full slate of the investment process, and preferably that have a solid network of contractors, property managers, etc. We're in good shape in terms of financing, but are looking for someone that can help us grow a long-term BRRR position in the market that has the perspective of an investor. Two of our partners are very familiar with the Philly market, but since (as previous posts have said), Philly is a "city of neighborhoods", we want to work with someone that understands the dynamic of the city and the surrounding areas very well. Thanks in advance for any recommendations!

Post: People are fleeing California, are you?

Lucas JonesPosted
  • San Francisco, CA
  • Posts 2
  • Votes 0
Live in California (SF Bay Area for the past 6 years). Would be open to living in other places at some point down the line (wife and I both love Portland and San Diego, plus Sacramento is on the up and up) but we are definitely going to be staying. So much to do here, so many places that you can travel to and different experiences you can have in a relatively short distance. My wife and I are both managers/executives at a hospitality company with locations in SF and Southern California. RE market is what it is in SF, but we were lucky to have a great agent that helped us get in the market relatively early. Once you get in it’s exciting to be in the game and see what options you have. Agree with other users comments that it doesn’t feel any less busy here (if anything it’s busier) and that a lot of the people that are leaving the area are either in a place to retire (or at least downshift significantly) or are just tired of spending 60%+ of their income in rents. Overall, the market is wild but with development restrictions the way they are, especially when it comes to SFHs, I have a hard time seeing any major departure from the demand we’ve seen I’ve the past 10+ years.