All Forum Posts by: Lucas Pfaff

@Jamal Pitts makes the exact point I would and the reason I'm buying west of Fishtown on the other side of the El (South/Old Kensington) or slightly north in Port Richmond. But hey, go with Grays Ferry and leave Fishtown/Kensington to me, I'm happy to have less competition :)

@Liz Faircloth @Matt Faircloth 

All four of the neighborhoods you mentioned are what I would consider investable (I don't think that's a real word by I'll use it anyway). Having said that, if you are focused on fix and flip it's a bit late for N. Liberties and even parts of Fishtown. That doesn't mean there aren't opportunities, there are, but I would not consider N. Liberties up and coming. Fishtown (19125 zip code) still has plenty of up and coming areas, but it's block by block at this point.

Personally, I'm all in on Kensington. Specific areas and blocks in particular. If you'd like to discuss further please feel free to reach out.

I'm not as familiar with S. Philly as I haven't lived or spent much time in that area for the last few years, but to echo what @Trevor Ewen said, @Andresa Guidelli is a great person to reach out to and she is very familiar with the S. Philly neighborhoods.

BTW, great podcast, very inspiring!

@Patrick O'Neill I can't comment on DIG as I've never been a member, but I recommend HAPCO. They also have an antiquated site but the fee is minimal and the services/networking are worthwhile. 

Perhaps Joe Scorsese or Steve Babiak can help answer your question. I always have trouble with linking to members who haven't posted in the thread though. @joescorese @Steve Babiak 

@Keira Ingram 

Thanks for the heads up. I will not make the meeting on the 8th, but perhaps we'll have the opportunity to meet at one of these meetups in the future.

@Keira Ingram I'd be interested in the details of that meet up as well.

@Account Closed I fully agree with what both Troy and Brian stated, but also check out the BP Podcast with Ben Leybovich (link below). It should provide a solid foundation of understanding for what creative financing is. Also, read some of the blog posts Ben has written. He focuses on deal's where he can purchase with no money down (or close to it) using creative financing methods.

BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich

@Mary B. Thanks for your feedback!

Would you consider this area a B neighborhood, or closer to C? With your mention of section 8 I'm guessing C (where I would have placed it based on my limited knowledge).

Thanks again.

Hello all,

I have an opportunity to purchase a large property in the Germantown section of Philadelphia with seller financing. I'm currently helping a friend rehab another property a few doors down but I'm largely unfamiliar with the area. My plan here would be to hold for cashflow (the property is 2 buildings with a total of 3 units). 

The nearest major intersection is Germantown Ave and Chelten Ave.

Any information about the area would be appreciated. As far as I can tell it's block to block like many other parts of Philly but has a wider swing than I have seen in other up and coming areas. Anyone have experience out there?

Thanks

Keywords: Philly, Philadelphia, Germantown, gentrification, north west

I would recommend anyone interested in Philly Sheriff Sales begin their research by signing up for one of the free seminars offered by the Sheriff's Office (next one is Oct 14). 

Prepare a list of questions to bring along and ask about anything they don't cover on their own. 

After attending the seminar, go to either a tax or mortgage sale and watch the process unfold.

How to Buy a Property at Sheriff Sale (Seminar)

Sheriff Jewell Williams wants to educate potential buyers on the bidding process at a Sheriff’s Sale. This free seminar will provide information on:
The amount of money and documents required to secure a winning bid
How to pay for the property if you have the highest bid
What is the Right of Redemption and how that may impact a sale
How long the process will take for the winning bidder to actually receive the deed for the property
How to recognize, and research, the type of property you are seeking to purchase
Seating is limited. Click the "Register" button below to reserve a space for you and your guests at the seminar.

http://www.officeofphiladelphiasheriff.com/en/real-estate/upcoming-seminars

Did anyone ever find a solution? I also have this issue using any browser on a PC (haven't tried a Mac at all).

@Precious Thompson 

@Dave Van Horn is based outside of Philadelphia (Newtown Square). He was featured in Podcast #28. Additionally, I believe Dave is speaking at an upcoming DIG (Diversified Investors Group) meeting. Check with or follow @Steve Babiak for more DIG info. He's been posting upcoming meetings on BP.

Dave Van Horn Podcast #28

@Joshua Dorkin any help with the links to individuals above? I can never seem to tag someone unless they already commented on a thread.