Hi,I’m looking to invest for the first time in the US (Philly) as a real estate investor.

I can't vouch for it, but the hosts of the Rookie podcast wrote a book about partnerships that may be worth reading before you take on a partner: https://www.amazon.com/Real-Estate-Partnerships-Acquire-Achi...

My name is Noe (No-ee) and I’m a real estate investor currently based in Southern California.

I am really appreciating that folks like you are sharing their experiences and train of thoughts, which helps me tremendously to better position ourselves at this market.None of us need to look at more of this other than $1.2m purchase price and 300k renovation with an ARV lower than price + cost, with no experience (other than your own reno which is good) and no real idea what you are doing.

A lot of the money lenders will lend for two years at 12% with three points upfront and they only lend 50% of the value.So that has been my experience investing in real estate out of the country.

Seeking sharp, Chinese bilingual property manager /real estate agent to help with a cash for keys negotiations with a few tenants. 

With such a large and diverse population across Texas, I imagine different regions have unique real estate trends, demands, and opportunities.

What is my real budget here?

Ensure thorough due diligence, check the 1st lien status, and consult a real estate attorney to understand the risks before proceeding.

Do you believe online accounting services like 1800 Accountant are good for the owner of a Real Estate LLC?