All Forum Posts by: Matt Bertsch

@Dimitar Popov The Lehigh Valley is very hot right now. The city of Allentown has seen a lot of growth over the last few years due to some Neighborhood Improvement Zone incentives. The challenge this creates is it makes everything more competitive. A lot of out of town money is being funneled in driving sale prices up and CAP rates down. Like much of the country you have to get a little creative to both find and make a good deal.

@Angel Arr I would check out some of the smaller banks and credit unions in the Lehigh Valley. New Tripoli Bank and Embassy Bank have some good commercial loans right now. Something to keep in mind when selecting a bank to refinance with is their closing costs. Not all banks are created equal when it comes to that. For example, I just did a cash-out refinance  on my personal residence through a private credit union and it only costed me $700 (including appraisal) whereas most banks would charge closing costs on the loan. 

@Jonathan Rivera Yup, Cabelas (Hamburg) is a about 30 - 40 min west of us. Not a bad ride and CI definitely makes it worth it!

@Jonathan Rivera

Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily and Flips...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users 

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing 

Obviously check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Let me know if I can help you with anything else. Good luck!

@Dimitar Popov 

Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users 

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts 

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing 

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Let me know if I can help you with anything else. Good luck.

@Franklin Urbaezj If you're looking for a good meet-up in Allentown check out @Justin Brown's. He holds 2 events per month. A happy hour event and an actual meet-up. It's a really good group with a nice mixture of experience levels. 

@Samuel Silver Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users 

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts 

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing 

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Let me know if I can help you with anything else. Good luck

-MB

@Djordje Janjus Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users 

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts 

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing 

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Let me know if I can help you with anything else. Good luck

-MB

@Wealthan Pan I agree with the above responses. Most places will at least allow for an inspection even if it's just for informational purposes. Best of luck