All Forum Posts by: Vinod Badami

Hello All, still looking for this elusive Philly forum.

Hi All,

Can you please let me know if there is a Philly REI group on BP?

Thanks

Hi Igor, where do I find the Philly forum?

To add to my post above, I guess here are a few questions to the experienced Philly investors:

1. Let's say I want to invest a total of $150K including rehab and want a minimum 20% return - is that reasonable to expect and what types of homes and areas should I target?

2. I am sure anyone would agree that a $150K investment means you are taking a reasonable level of risk because at the end of it you are putting your house on the market where there is other inventory - so are there certain areas of Philly where the possibility of that selling much faster? What are the comps?

3. Which are these areas - Point Breeze, Fishtown, Brewery Place, Northern Liberties, Kensington, etc?

4. Lastly, would you agree the above questions (and some more) must be answered before investing?

Investing without the right due diligence never pays. While the experienced Philly investors may disagree (and rightly so) as a newbie to that market I need these answers to make an informed investment.

@Chris Purcell - Hey Chris, so I do not know the Philly market well but I have looked at the MLS , Zillow and Realtor.com. I am trying to get comfortable with the level of risk but when I look at the websites mentioned above I see a ton of inventory with over 50% of them (and I did some basic analysis) sitting for over 180 days. Don't get me wrong I am not saying Philly is not a good investment....I am instead trying to better understand the Philly market and doing my due diligence.

Hey all, not to put a damper on the opportunities in Philly but when I look at the rental and available for sale inventory in Philly - almost all neighborhoods are chock-full with available inventory for both rental and sale. My question is how do you compete in such a crowded market? You could buy and rehab a property only to sit on it for a year or more!

Congratulations Justin. Very inspiring post.

Is this slow down limited to Seattle or is the assumption that this is the harbinger of a national slow down?

Even during 2010-13 there were areas of the country that held up very well.

Just wondering how much stock to put into this because this was headline on CNBC today.

Thanks Steven  and Joseph. Will check those zip codes.