All Forum Posts by: Samantha Storz

@Monica Williams - thanks so much! I'd love that. Send me a message and lets exchange numbers!

Thanks @Stuart Udis! I think Gall was saying that she uses a business line of credit for the rehab portion, not the downpayment. If I'm looking to buy a property in Brewerytown (let's say) that I'll purchase for say 125K and it needs a 50K rehab, that's (50K rehab, 24k is 20% + 10K closing costs) 84K I would need to bring to the table in cash. Unfortunately, I don't have 84K to spend. I think in this case, in order to get creative, wouldn't the hard money lender & then refi be the most creative way to make this work? Otherwise, I'm unable to get a seat at the table and invest. I do agree that in a perfect world, I'd have the liquidity. Curious on your thoughts? 

Hi @Gall Davidovitch, Thanks so much for taking the time to respond. Do you have any recommendations for finding a hard money lender who will work with a first time investor? I know I can look on bigger pockets as well. Creative idea to use the BLOC for rehab. I assume you do that for the 0% APR, I'm curious if someone just starting out could get that. Do you buy all your properties under a LLC?

Hey @Nate Herndon,  Thanks so much! I'll definitely shoot you an email. 

Hi BP Community!

I've been dreaming about investing in real estate for awhile now and I'm finally putting myself out there to the community in an effort to hold myself accountable & invest in at least one property this year! I'm from the Philly suburbs and definitely interested in tapping into Philly neighborhoods (thinking Brewerytown, Old Kensington) but as you know if you're from Philly, neighborhoods can be safe or not depending on what block you're on.

I've read a lot about BRRR and was thinking that would be the method I try out. Ideally, I'd love to partner with a private money lender on this. I'm so brand new here and it all feels a bit overwhelming but trying to take it step by step. My goal for 2024 is to purchase at least 1 property and go to at least 1 networking event a month or grab coffee/lunch with investors/agents/contractors in the area at least once a month to force myself into taking action.

Let me know if anyone has any advice for a newbie or if anyone in the Philly area wants to meet up for coffee and chat! :)

Hi BP Community!

I've been dreaming about investing in real estate for awhile now and I'm finally putting myself out there to the community in an effort to hold myself accountable & invest in at least one property this year! I'm from the Philly suburbs and definitely interested in tapping into Philly neighborhoods (thinking Brewerytown, Old Kensington) but as you know if you're from Philly, neighborhoods can be safe or not depending on what block you're on.

I've read a lot about BRRR and was thinking that would be the method I try out. Ideally, I'd love to partner with a private money lender on this. I'm so brand new here and it all feels a bit overwhelming but trying to take it step by step. My goal for 2024 is to purchase at least 1 property and go to at least 1 networking event a month or grab coffee/lunch with investors/agents/contractors in the area at least once a month to force myself into taking action.

Let me know if anyone has any advice for a newbie or if anyone in the Philly area wants to meet up for coffee and chat! :)

Hi BP Community!

I've been dreaming about investing in real estate for awhile now and I'm finally putting myself out there to the community in an effort to hold myself accountable & invest in at least one property this year! I'm from the Philly suburbs and definitely interested in tapping into Philly neighborhoods (thinking Brewerytown, Old Kensington) but as you know if you're from Philly, neighborhoods can be safe or not depending on what block you're on. 

I've read a lot about BRRR and was thinking that would be the method I try out. Ideally, I'd love to partner with a private money lender on this. I'm so brand new here and it all feels a bit overwhelming but trying to take it step by step. My goal for 2024 is to purchase at least 1 property and go to at least 1 networking event a month or grab coffee/lunch with investors/agents/contractors in the area at least once a month to force myself into taking action.

Let me know if anyone has any advice for a newbie or if anyone in the Philly area wants to meet up for coffee and chat! :)