It explains why they are usually in the lowest barrier space within the industry (until recently not even a license was required & many still operate illegally).As a Philadelphia resident and active investor in the city I fully endorse investing in Philadelphia but only if you’re receiving sound advice. 

It's crucial to carefully evaluate the benefits, drawbacks, and costs associated with forming an LLC and consider how it aligns with your overall investment strategy and goals. 

Others meet at events, RE meetups, or even through social media—whatever feels most natural.3️⃣ Vetting: Vetting is crucial.

I'm looking to connect with fellow investors and rehabbers who are active in these markets.

There are plenty of real estate groups where investors are actively looking for properties.

A real estate professional can use real estate losses to offset W-2 or other income, but you would need to meet both the:1.750-hour rule – You must spend at least 750 hours per year in real estate activities.2.50% rule – More than 50% of your working time must be spent on real estate.Since both of you have W-2 jobs, it might be difficult to meet these requirements unless one of you dedicates significant time to real estate.Another option could be buying multiple rental properties.

If you or someone you know is active in this space, I’d love to connect and discuss how we might collaborate on upcoming opportunities.Feel free to reach out directly via DM and I look forward to learning more about the local market and building strong partnerships!

We move fast and look at a LOT of properties when we are actively buying.

Its crucial to know your community and understand what you are investing in.

We currently have a LLC that owns our existing rental property and we run the short term rental activities through this LLC with its own separate bank account.