Sometimes you buy low, sometimes you buy high.But as long as you stay in the market, you benefit from the tendency of the market to go up over time.People think of buying a house as this one time thing, but it’s actually more likely that you will buy, sell, refinance a few times over the course of 30 to 60 years.

This will hold true in any lower cost inventory neighborhood, not a Philadelphia specific problem but resist the temptation particularly if you are not a local hands own operator.

Purchase price: $552,000 Cash invested: $30,000 purchased this home as primary home. lived in it for 1 1/2 years, rented it out and moved to a different primary home.

I have had a couple of estimates to complete this work and it ranges anywhere from 40k to 75k.

Hi friends, I am a real estate investor from Israel and new to this market, I would appreciate recommendations on good agents to work with, who have experience with remote contacts.In addition, if there are investors here in the group that I can talk to, get to know, hear and learn about the city and recommended investment areas, I would appreciate it if you could send me a message

@Terra Padgett this is awesome advice!!

Does anyone have any tips on the best way to finance renovations/improvements for properties like this?

@Stuart UdisYou forgot to have the Wyoming LLC owned by a Delaware holding company that has the asset then put into a land trust.Then seek 100% financing because you are broke from spending $10,000 setting up this corporate structure to protect the zero assets you have.

Unfortunately, I don't think it's realistic that you will find a generic commercial lease online that checks all the compliance boxes for your state, city, and county.There are limited service property managers that will do retail tenant placement (rather than full property management, which it seems like would be overkill for this one commercial unit you manage), and this would be included as part of that basket of services.You could also hire a lawyer, but I think that property management company will be more cost effective. 

Appreciate your insight on this matter as I’m trying to get up to speed on all the functionality of Buildium.