All Forum Posts by: Mark Trani

I need some help from this great community. I am right outside of Philadelphia and own 3 different rental properties. 1 is paid off fully. Obviously i want to keep buying properties but i am here to see if anyone knows a investment friendly bank that might do portfolio loans or any way i can get a later credit line. Would love to hear how everyone is getting capital for their real estate. Thank you in advance!!

@Dylan Fellows there is so much about Phila. Real estate. What type of areas are you looking for? Do you like to be where you are in walking distance to bars or night life or are you interested in a row house? We can talk more about your specific needs and possibly drive around and show you all the good and bad so you can get a better understanding.

Hello bigger pockets

I am a realtor in pa and i mainly focus on finding investment properties for my clients. I have been extremely busy in Philadelphia with shells, fix and flips, rehab projects, BRRRR, buy and hold but i am curious about other markets where the margins might be better for investors. Anyone have any experience with rentals in Norristown or Pottstown? I am familiar with the area from growing up close by but would love to get a deeper knowledge of the rental market, any problems, problems with the local municipalities. Any and all information is welcome. Thank you for your insight in advance

Hello Everyone,My name is Mark and I am a realtor with Realty one Group. I just wanted to hop on here and clear up a few things. 1) Yes the market is on fire right now and prices are high, we all know this. 2) Yes there are still many great deals for investors too pick up. I see them everyday. There are many strategies that I and my team are using to dig deeper further then your average MLS listings. We have great lenders, contractors, property managers, home inspectors and more all design too help out our investor clients. IF you are afraid of the market or do not want to take a risk on the most historically best asset class please don't contact me I don't need the negativity. I am all about being positive and helping investors succeed and grow. Thanks everyone and be safe!

Its always a good idea to put your business in a LLC. When you refinance it you can put it in a LLC but if you do that you have to pay transfer tax. Anytime it goes into a different name you have to pay the transfer tax. I think it would be worth it in the long run. Good luck with everything.

@Bryan Rodas It sounds like the BRRRR strategy is the way too go for you. By doing this you can refinance your property and pull all the equity you can out of the property so you can continue to grow. You might want to also think about creating a LLC to do all this under. You can get a business loan and better line of credit. If your looking too grow and create cash flow hold on to the properties. Selling them or flipping them is going to bring a lot of taxes. Good luck with everything and reach out if you have any more questions.

Hey Curtis

To answer your question I would say it depends on your goals. If you want more cash flow and looking for the immediate goals put the 70k down on 1 property. Although if you are looking for the long term then buying 2 properties might be the way to go. When you are buying 2 properties it is a long term play and in the end your tenants are paying down two homes instead of one. You will get a little less cash flow but you have a ton of good things working for you. Good luck!!