All Forum Posts by: Sheryl Sitman

@Anthony S. If you are looking to build a small MF, I am happy to connect you with a GC that I think is one of the foremost small multi builders in the city. If you want to build a quality product and learn a lot.  Whether or not doing the project makes sense is another issue. So you want to work with someone who can help you figure it out. 

I have property at the edge of Lehigh U that I thought would be for students when I first started out there. i quickly realized that student housing, especially in the smaller school, is a totally different business with different expectations and requirements, not to mention yearly turnover and parent involvement. Also in Bethlehem, it requires a different type of license so check that out in Easton.

Hey @Ifeanyi Okoye  I love when people start out wanting to learn from those who have already done what they aspire to do! I run a large group of Philly landlords and one of the investors that i am friendly from there  is very successful and loves to coach new investors. Reach out if you want to get connected.

Welcome!  Lots for you to do and learn in the Philly market. Good luck.

When you eventually become a landlord, look for our FB group Philadelphia Landlords Connect :-)

I don't do flips myself but  one of the contractors i use churns them out fast. I saw this one he did last month and it went under contract 5 days after it was listed. https://www.zillow.com/homedetails/4413-Oakmont-St-Philadelp...

Reach out if you are interested. 

@Nicholas Williams when you say you are having trouble finding deals do you mean you do not know where to look or that the deals you find do not pencil out?  There are many FB groups for wholesaling and investor groups that share deals.  I run a large group of small landlords and have a Philly landlord podcast so occasionally a deal falls in my lap. feel free to let me know what you are looking for and join the man y FB groups in the region. Of course working with a savvy investor agent can be helpful as well.

True

@Saeed J. 
Since 2008, Philadelphia's housing market has shown steady, moderate growth, avoiding the extreme price swings seen in more volatile markets like San Francisco, Las Vegas, and Miami. Home prices in Philadelphia have appreciated at a consistent rate of 3-6% annually, providing a predictable environment for investors. The city's diverse economy and relatively affordable home prices contribute to its market stability. In contrast, volatile markets experience significant price fluctuations due to economic sensitivity and high levels of speculation, leading to potential affordability issues and market corrections. Philadelphia offers lower risk and more predictable returns, making it a stable choice for long-term real estate investment. Additionally, there is current optimism with the new mayor, who is focusing on economic development and infrastructure improvements and literally cleaning the city block by block, further enhancing the city's investment appeal.