How do you find good deals in the Philadelphia area on the MLS in today’s market? You may be skeptical that you can find a deal on the MLS in markets like Delaware County when all the investor gurus tell you that you that the only way you can make money is to find deals off market. In this video, I share five tips to find great real estate investment opportunities in Philadelphia on the MLS 00:00 Overview 02:46 Stats for off-market deals sold by owners 03:43 Tip 1: Build a relationship with a local realtor each market 06:46 Tip 2: Monitor the seasoned listing on the MLS 07:32 Tip 3: Monito ..read more

Should you consider renting your property to a tenant who may need a Section 8 voucher from HUD to be able to afford to live in your property in Philadelphia or Delaware County? You may hear from some of your landlord friends who have Section 8 tenants in Delaware County or Philadelphia that the money is as good as in the bank however you worry about what you have heard horror stories about how a section 8 tenant damaged a property. In this video, I will review the pros and the cons of Section 8 as a landlord in Philadelphia and Delaware County PA. 0:00 Overview 2:37 Pro #1: HUD Section 8 ..read more

What should you keep in mind when you are trying to find a duplex or triplex that you can use as your primary residence and also as an investment? In today’s video, I will share with you 5 tips questions you should ask that will allow you to buy a multifamily with the least money down and with the lowest rates as an owner-occupied borrower. 0:00 Overview 2:45 Do you want to live there? 5:34 What is the potential cash flow? 9:00 Does the layout help you or hurt you? 10:45 Timeline to find tenants? 12:15 Are the leases flexible? 13:25 Occupancy requirements for house hacking Want more insigh ..read more

In this video, I will take you through some of the key home pricing statistics for Q2 2023 for Delaware County. If you need to make a decision to buy or sell a home in Delaware County (including Upper Darby, Drexel Hill, or Lansdowne), this video will help you make more informed decisions about the current market from data relevant to you. The stats come from Bright MLS and represent only the transactions conducted on market vs. off the MLS. Want more insight? Schedule a New Investor Discovery Call Schedule a Seller Strategy Session Schedule a Rental Income Strategy Session Recent Posts ..read more

How can a financial planner protect you from making financial mistakes as a new investor? Are you finding it difficult to find a financial advisor that doesn’t give you a blank stare or worse yet try to talk you out of going too far down the real estate investing journey? In today’s video, I will show you how a financial planner who is knowledgeable about real estate investing can help you better reach your overall personal financial goals whether its more financial freedom today or wealth that can be passed on to your family. I am sharing an interview with Cynthia Meyer of Real Life Plann ..read more

Is buying a rental property with a tenant already there a bad idea? How will you know whether the tenants that you inherit will be a headache? In this video, I will show you how you can better protect your interests when buying a property with existing tenants so that you make more money. Here are 5 questions you should ask while you are evaluating a property with existing tenants. 00:00 Protecting your interests with inherited tenants 02:06 Type of lease? 03:39 Balance of security deposits held? 04:45 Long term tenant? 06:05 Tenant payment history? 07:06 Ease of managing the tenant? 08:59 ..read more

Is West Philadelphia a good place to buy rental properties and be a landlord? Take a neighborhood tour with me of Cobbs Creek and Cedar Park in West Philly. These are great neighborhoods for both single family and multifamily rentals. 00:00 Introduction 01:54 Current development projects in University City 02:55 MLS view of West Philadelphia 06:20 Walking Tour of parts of Cedar Park and Cobbs Creek 11:23 Sales and Rental Stats for West Philadelphia 19143 14:22 Upside to investing in West Philadelphia Want more insight? Schedule a New Investor Discovery Call Schedule a Seller Strategy Sessi ..read more

Is the home inspection a step that you can afford to skip when buying a property as an investor or even a traditional home buyer, especially with an as-is sale? In this video, I speak with Ross Kennedy from Kennedy Home Inspections about how you can best use a professional home inspection for due diligence and leverage during negotiations. 0:00 Overview 2:35 Kennedy Home Inspections background 3:47 How you can be fooled by online photos 6:00 Sellers getting home inspections prior to going on the MLS 8:13 How do you approach home inspections for As-Is sales 10:55 Using home inspections to g ..read more

Many new real estate investors worry about coming up with the down payment to finance a rental property. In this video, I speak with Katy Sychtertz from Princeton Mortgage about how you can put less money down when buying a multi-unit property like a duplex or triplex if you live in the property. 0:00 Overview 2:55 Defining Owner occupied vs. Investment only loans 4:38 How lenders view risk on investment only loans 5:49 Lender as a partner vs. cash buyers 7:22 Similarities and differences in loan process 8:12 Rental income help in qualification of loan 10:08 Appraiser’s role in rent rate 1 ..read more

In this video, we discuss how the scope of work document can protect new real estate investors from surprises and conflicts. We chat again with home inspector and contractor Curtis Niles of Armor Home Inspections (https://armoredhomeinspections.com/) to highlight the value of a clear written contract. You can watch Part 1 here:    • Renovation planning tips for rental p…   You can also find Armor home Inspections on Facebook at https://www.facebook.com/ArmoredHI/ Key moments in the video 1:52: Lack of detail in the requirements given t ..read more