And the most cliche book ever, "Rich Dad, Poor Dad" is just a classic must-read!

It’s not super complicated but if somebody has never sold a property before, they’re highly likely to make at least a few of these classic mistakes: 1.

@Keith R HenryThe most classic newbie mistake is thinking they can do all the work themselves or cheap out on a rehab.

Are there companies/institutions out there that we should be looking into before we start down the more "classic" route of going to a bank? 

I'm about to jump into REI looking to at using BRRRR and/or classic buy and hold strategies to build a portfolio.

That being said, it does sound like you found yourself a classic, overpriced park.

@Sheldon SantosProperty management and construction are great (I love to get my hands dirty and actually “work hard occasionally “) but take a look at classic get your license real estate too, a lot more money on that side for a hustler.

Depending on your financial situation, the level of rehab needed in Fishtown/Northern Liberties is significantly higher in both price and quality opposed to the other areas.In terms of ARV numbers a classic 2 story 3/1 in fishtown thats fully rehabbed should easily fetch 425k, while in Brewerytown your ARV for the same 3/1 could range from 240-325k depending on the specific location within Brewerytown.If you have any more question feel free to reach out.Dan Powers - Real Estate Agent

I'm glad to see we're keeping the classics alive.I kid.

So moving to more units or bigger is a classic 1031 strategy.You actually had another bonus that you'll get to take advantage of.