All Forum Posts by: Victoria Pham

I'm sorry to hear that you were let go from your last job, but I'm happy for you at the same time. You can finally have time and courage to pursue something you like, which is very fortunate! I used to work as a research assistant in AI and Machine Learning, but made a very tough decision to change my career to real estate investment. I'm still learning, enjoying and sometimes struggling with it, but after all, I'm happy because I can do something I like and challenge me to the next level. I wish you the best in this industry! You'll thrive in it!

Hi Tim. Welcome to Philadelphia real estate investment network! I'm a real estate consultant and have moved a lot of properties in this area. I would say Philly market is hot now despite the pandemic. Constructions are everywhere and the city is transforming. There is a lot of room for your investment to appreciate. It also depends on your strategy (flip/rental) and budget but overall, Philly is still a good place to invest given how diverse it is. You can pick up a very expensive property and a super cheap one. Again, I'm local and familiar to this area, so let me know how I can help to build your portfolio

Hello Bob, nice hearing that you're actively investing in Delco. I'm a real estate consultant and I move a lot of properties over there. Let me know if I can help you anything or if you have any questions

@Charlie Anne

I’m a real estate consultant from Philly. Biggerpocket is a very good place for you to connect to investors. I found ConnectedInvestor a pretty good platform as well. As of your looking for a light rehab, I move a lot of inventories (20-30) off market properties each month in Philly and Delaware County. I hope to connect with investors like yourself to learn more about how I can best help them. Looking to be in your network!

Hi Jason. I'm impressed by how prepared you are for your children! I wish you the best! I'm a real estate consultant from Philadelphia. I move a lot of inventories each month in Philly and Delaware County. Buy and Hold is definitely a good strategy for the market in Philly. A good thing about Philadelphia is that you can find a variety of options, from a very expensive property to a very cheap one. So, I'm confident you can find a good investment in any neighborhood for rentals. But from my personal insight, the rental market is strong in North Philly where the price is cheap and there is a lot of room for your house to appreciate. West Philly is very hot as well. More and more young professionals are moving from center city and University City to West Philly to live. South Philly could be a good option as well but the price is getting more and more pricey. Let me know if you have any questions. See the picture below some stats relating to rent in Philly areas. I'm very happy to share what I know

I'm not an engineer but I'm a Mathematician and an Economist. I'm able to transfer a lot of skills to RE! 

@Jeffrey W Ohl, you're welcome and North Philly is just an example. There are other hot areas in Philly as well. Let me know how I can help you 

Hi Jeffrey, I'm a real estate consultant in Philadelphia. I would say that Fox Chase is absolutely neat and gorgeous. A lot of investors like that area and yes, you can do a rental over there pretty easier. However, I would be honest and say that it may not give you the highest return compared to the same amount of money you put in for a different area that has room for you to appreciate the property. Properties in Fox Chase is extremely well-maintained. Contractors don't find a lot of things to fix up and rise the price for you. On the contrary, if you invest in a different region, say North Philly that has very low purchase price, close to Temple University that you can rent it out and most importantly, the property and area have room to grow. The equity you'll get is going to be much higher than that in Fox Chase. This is my personal insights. Let me know if you have any questions.

@Keila Rosario

As a real estate consultant in Philadelphia, I've advised a lot of new investors for their first investment property. I would say first, you should be clear about your investment strategy (flip/ rental/ both). Second, you also want to know how much equity/ ARV/ purchase price you want to have. Do some researches about the average numbers for those that I just mentioned so that you have an idea about how price works. For example, in Philadelphia, you should expect a much lower purchase price than NY. ARV depends on the area you buy and you should expect a pretty high equity return (20-28%). Third, you should look at the specific regions in Philadelphia and understand the characteristics of it. Some are heavily for rentals, some are appreciating rapidly,....Lastly, learn how the rehab costs work in Philadelphia as well. Please let me know if you have any questions. I'd love to talk to you more about this.

Hi Sean. As an investment specialist in Philadelphia, I can give you some insights I have. Please see the picture below my reference. Hottest places for rental right now are probably Kensington (this place is transforming each day! new construction is everywhere). North Philadelphia West is also good and the purchase price is pretty affordable. Far in the west, you can invest in Carroll Park or Mill Creek as more professionals from University City is moving to these places. In South Philly, Eastwick- Southwest Philly and Point Breeze are traditionally good for rentals but the purchase price could be higher than other regions. Let me know if you have any questions! I'm looking forward to being in your network