All Forum Posts by: Michael Friedman

Hey Mo,

Also, quick question:

I was wondering your thoughts on this listing if you have the time.

It's listed as a duplex but it's a full gut renovation to the studs. There is zoning for a triplex.

The rents in the area for 2 bedrooms in brand new leasing complexes are 2500+

My sister has lived in the area for 20 years so I know it pretty well.

Curious your thoughts. Talk to you soon.

Thank you.

Mike

https://www.zillow.com/homes/153-E-Morgan-St-Phoenixville,-P...

@Leann Lilly I agree. I really like the area a lot and its showing a lot of progress.

@Joseph Scorese Thank you. Didn't know about Building and transportation in Port Richmond. Working hard on putting a team together. Learning as much as I can right now.

Hey!

I'm a relatively new investor from Philly living in LA. I'm looking to buy and hold multi family properties in North-Northwest Philly. (Port Richmond, Brewerytown, Strawberry Mansion and Germantown) I went to high school down there and a lot has changed. Wondering where I'm guaranteed good occupancy rate after a nice rehab.

Thanks

Hey!

I'm a relatively new investor from Philly living in LA. I'm looking to buy and hold multi family properties in North-Northwest Philly. (Port Richmond, Brewerytown, Strawberry Mansion and Germantown) I went to high school down there and a lot has changed. Wondering where I'm guaranteed good occupancy rate after a nice rehab. 

Thanks

Hey @Harry C. I'm new to investing as well and am barreling through these great podcasts as well as the articles on BP. I'm in L.A. but looking to move back and invest in Philly. I'm a property manager in LA and know that area really well. the leasing side of it. Good luck and welcome!

Thanks @Brendan Markle I'm definitely looking for some rehab properties to BRRR for a long term hold.

Anyone have any suggestions for ways of finding good, efficient and trustworthy contractors in the Philly area?

Specifically North Philly? Thanks.

@Andrew Syrios Thanks Andrew. Looking forward to going back and listening to your podcast.

@Brendan Markle Thank you! I have been looking around Kensington/Port Richmond a bit as well.

I appreciate your response and I'll stay in touch. Are a lot of the duplexes in Germantown turnkey or rehab required? We're looking at both but mostly looking for BRRR opportunities.

Thanks again!

@Alex Capozzolo that's awesome! I will definitely reach out to Jon. Ive been looking at Strawberry Mansion too. In fact I just sent my pop to look at a place there. They are doing a lot of new construction in the area and I think its only a matter a time until that area breaks as well. The neighborhood is still rough but the location is too prime. A buddy of mine that I went to high school with and I are looking to BRRR as well. It seems like the smartest move. Looking forward to learning more Alex.

Thanks!