All Forum Posts by: Sharma Parth

I think you need to define what your goals are and what you are after in more detail rather then just saying a BRRR. Yes you can make money in Kensington and Strawberry Mansion but does that the type of asset and renter align with your goals? The numbers will look great in a spreadsheet but you really need to make sure you are ready for what those areas will throw at you as an investor.

If you're looking to rent then the neighborhoods mentioned above are best . Looks for single families in RM1 zoning to convert to multifamily 

Someone suggested Kensington? Who are you talking to?

Philly is not the type of place where you take advice, it's the type of place you have to drive multiple times to see where the blocks change from B to C and C to D. It is a block-by-block city for sure where the income disparity can be huge within just two blocks.

We have investors with about 40-50 deals, many of them BRRRRs in the Philly area, since the pandemic. Personally, I like Cobbs Creek a lot, but the areas depend on your price point. Harrowgate is up and coming in my opinion, even though people still may call it Needle Park. There are some new restaurants there.

A couple years ago in Harrowgate you could buy for 60-65k, renovated 5-15k, and rent for $1,100. That was the best deal, but that doesn't exist there now.

Sharma,

From my perspective I prefer to run my own fix and flips. I don't have enough details to know whether it's a good move for you, but I think my numbers work out better when I'm the lead. No one will care more about your success then you.

@Sharma Parth the company is out of Arizona and in 12 markets.

Just a few years ago, Flint had a major crisis due to lead water line poisonings. Everyone was on bottled water for months.

You may want to ask for proof that Flint is growing or attracting business investments.

Now Detroit is an entirely different story!

Suggest you monitor the media feedback during the NFL Draft this weekend - which we expect to be very positive!

PM us if you'd like more info.

I have heard of them though I do not have experience working with them. I will say anyone offering this should be giving you all the pros and risks of the flint marketplace. Make sure to ask for client referrals and interview more than one company in Flint. I would also urge you to make sure you fully understand how they operate , A-Z (from how they make their profit to how many doors they are managing).

 If you are investing from out-of-state you want to make sure whoever you are going to choose to work with is being honest and transparent not just about the Flint marketplace but about the strengths and weaknesses they face as a company, day in / day out. Any investing usually has a level of risk associated so you want to make sure you know exactly what that is when it comes to the flint market. 

Side Question: why not considering looking into Detroit Michigan instead? 

Best of luck in your search ! 

are they selling the rent ready properties or consultants guiding you start to finish in the process