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23 November 2024 | 7 replies
Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.
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25 November 2024 | 13 replies
Temple now attracts students from more affluent backgrounds in the Philadelphia suburbs (kudo's to the school for raising it's academic reputation).
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23 November 2024 | 11 replies
., which creates a great opportunity to leverage real estate for attracting travel nurses and other medical professionals.
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22 November 2024 | 1 reply
LTR, MTR and STR work in most larger markets (~top 30-40 cities by pop, or be proximity to metros/attractions/employers).
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26 November 2024 | 9 replies
Wholesaling seemed like a manageable way to enter the real estate space while learning and growing.I’m particularly interested in the advice about creating an online foundation to stand out and attract motivated sellers.
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24 November 2024 | 5 replies
Also having a higher proportion of revenue generated through the residential component of the building does make financing easier. (3) The exception to the 80% rule I abide by is when the commercial space is leased to a credit tenant with a proven & sustainable business or where the space presents the opportunity to attract a neighborhood amenity F&B operator (this is most beneficial in instances where you have a larger localized portfolio where these commercial tenants can positively impact the value of your overall residential portfolio).
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7 December 2024 | 150 replies
I’ve heard that Eddie provides his students with attractively priced partially pre-vetted note opportunities, advice and access to his relationships.
22 November 2024 | 4 replies
This range often lacks economies of scale and doesn’t attract institutional-level investors.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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21 November 2024 | 9 replies
I have a senior living project with entitled land ready for development, and I’m exploring options to attract investors who would see the value in this growing sector.If anyone has experience or can recommend a specific approach or network in our area that would be worth exploring, I’d appreciate the insights!