All Forum Posts by: Ugochukwu Opara

@Andre Buckner I love it! Its very much an expense but you make it all back after your first deal over $50,000. Access to trend, access to property whenever, and you can make a buck for helping other do what you play to do in the near future. I think its pretty advantagous but not a must

Hey,

@Elisha Keller And @Andre Buckner . Great to have others in the same situation. I've done deals before and I'm an agent so I'm really cheating but i plan to do a buy and hold by myself in the 6-7 months time. I'll be on the look out for your progress. Cheers.

Good Morning @Stephanie Luongo ,

Welcome! Glad to have ya! I invest in Delaware county but please feel free to reach out if you have questions. Cheers!

@Mark Redmann Hey Buddy, Welcome to the team! Recently I've been doing flips in Delaware County but I'm pretty familiar with all types of real estate investments so give me a shout if you have questions. Best of luck!

@Chris Adams send a PM my way also please. Cheers!

@Charla H.

The advise I would give you is to save all your money and become an avid reader. Do buy any systems or programs from the so called "guru's" Its a waste of money and this is coming from a guy who spent 2k before having to figure it out.

If you have that kind of money to blow then you should just get in on deals. Lend money to investors for repairs charge them interested and ask to see the progress of their work. You'll learn soooo much.

Or find a mentor and take her/him out on to a really nice place, butter them up and pick their brains. You get much more currently, relevant, and local information that way.

I love ebay also. I buy used books and make them feel new again. Anytime BiggerPockets recommends a book, I but it used and read it. This alone has helped me tremendously. I sound like a pro and I've only been doing this for about 5 months.

Sorry I ranted, but thats my advice. Cheers.

Greetings @Charla H.

Welcome! Glad to have a fellow philadelphian investor in the area. Thanks for showing up! So you have deals? Feed them to me. I'm looking for things in West Philadelphia but send me everything you've got. I also wholesale but I'm looking to start buying and holding as well. Let me know if you have any questions.Thanks

I have one for ya that I use. What's your email?

Yeah I agree with @David J. .

Its very achievable. I have a mentor thats build up to $1.7ish mill in assets and he did it by simply playing monopoly. 4 really nice places (250K+ each and they net for about $900 each) in really nice neighborhoods and then he borrowed on their equity over time to get in on a handful of apartment complexes. Very doable but like David says, you will need capital to buy down the equity quickly enough.

In my mentors situation, he had a full time job all through out, even though he was netting $3.6k monthly, actually just $3k (he lets a property management manage everything). Even with the apartment complexes, he still works now. I hope that helps

@Uchenna Nwokorie

Not good.. The Temple market is way too saturated. And now that Temple has finished/semi-finished its new housing building, more landlord will have to settle for second picking with student tenants. All my guys in that area are looking to sell. The market is to cyclical and competition is fierce. Classes start soon and there are still tons of vacancies. Students can pretty much name their rent. Not my kind of market. I would stay away.