All Forum Posts by: Teresa Gimenez

@Sara W.

Thank you Sarah. S8 is a consideration but I n Ed to do further research on that

@Jonathan Greene

Thank you and good point about handy tenants.. I didn’t think about that.

@Michael Anderson

Michael,

Than you so much. I would really like to connect with you and talk a bit more about Gloucester City since you are actually investing there.

@Nelly R.

Thanks Nelly. Do you manage your properties or do you have a PM?

@Karl McGarvey

Thank you Karl. I need to talk to PMs in the area and do all that kind of research.

I’m a new investor looking at buying properties for buy and hold in my area which is South Jersey/Philadelphia. I’ve been going back and forth on the area I want to invest to and I’m leaning towards a very blue collar town in South Jersey (Gloucester City), a 10 minute drive from my house. I’ve put a couple of offers already but they didn’t go through. The reason why I like Gloucester City is because properties cash flow, and are so reasonable that I can have reserves for emergencies. Also the town is a 10 min drive from my home, it has a rental market and there’s potential for appreciation: it’s right across the bridge from Philadelphia. An added reason, not the main one, is that there are plans to build a railroad that would connect This town indirectly to Philadelphia (If built it will be within the next 6 years ). Nonetheless, I’m questioning if investing in a blue collar neighborhood during pandemic and post-pandemic times is too risky. I’m afraid the recession is going to impact blue collar jobs and what that ultimately will mean for me is evictions.A pretty rough start for a new investor. But this is the only kind of neighborhood I can afford and, thus, my conflict. Could anyone offer advice?

@Daniel Kent

Thank you. I Will’s definitely attend. Thanks for the lead!

@Nick Brown

Thanks Nick. Gloucester City is a gem although taxes are high but still worth it. WP is rougher but I think it’s a good neighborhood for investors. I didn’t consider converting 3/1 into a 2/1 & 1/1 duplex. I’ll keep it in mind . Could you refer me to an investor I could talk to about Gloucester ? I just want to hear their thoughts. Thank you!

Hi Lawrence. I'm looking to buy and hold in Philly. West Philadelphia seems like a good area for that. I work at Upenn and live in NJ but 20 mins away from Philly, so I'm planning to buy near me.  I'm in the area but I'm a newbie. This would be my first buy and hold. I'm going to sign up on your site. Any good tips are greatly appreciated. Best,

Thank you all for your advice. I really appreciate it.