Challenges?

We were also wondering if refinancing would be challenging as foreign investors and if there was a way around that?

We need interaction with other people face-to-face.

What are some challenges that investors in this market are facing?

When you start adding in the principal paydown and a modest appreciation those numbers look even better.I have a six-unit under-contract and it is in a more challenging neighborhood.

Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

Also, once we finally face a cool off phase in the market, getting offers accepted is going to be an eminent experience. 

Also, any tips to challenge this with the county?

I would plan the addition to be "recessed" from the face of the building so the street appeal of the building would not be altered.

My goal is to buy the next property by June 2022, the hurdles I’m facing now are how much do I need to save for a down payment on a $185k-$190k home, do I even need to save much for a down payment and what will the bank think of me applying for another home loan so soon after buying the first one?