Hi My name is Terry and I am new to investing.
I have been following BP for more than 1 year. It's a truly great source for investing, and future life planning even :)
Now that I just closed my first home in Hoboken NJ (and saved a little cash to start with), I feel I'm ready for some fun in the RE investment journey.
After screening some of the markets within manageable distance, I believe Philly is good place to buy and hold for a starter like myself to have a taste in REI: relatively lower price to rent ratio, with the potential of appreciation due to the population influx caused by living cost increase in NJ and NYC, and also equally importantly, the high existing demand base to withstand possible impact should anything go wrong in the wider market :)
I hope I am on the right track (please tell me if anyone see Philly market differently than I imagined above ). So I guess I am hoping if there is someone that are already in Philly can throw some light and share some insights?
And first and foremost, anyone know any good investor friendly realtors in Philly that I can start to talk to? I am out of state and having a full time job, so I guess it will be a bit challenging to go onsite on daily basis, but with a good agent as a local contact, I think it might worth a shot.
Thanks very much to everyone for reading, and appreciate any advice you kindly share!
