No Comments

Q3 2021 Philadelphia Metro Market Stats

Here are some stats for Delaware County and the Cobbs Creek neighborhood in West Philadelphia for Q3 2021. For multifamily properties, the stats are for Q3 YTD 2021.

No Comments

Questions to ask an investor-friendly agent – Part 2

How do you identify an investor-friendly real estate agent? If you are a newer investor or one that is thinking about scaling your real estate investment portfolio quickly, having an investor-friendly realtor on your team can help you avoid rookie mistakes.

In this video series, I will cover the questions that you should ask to make sure that you hire an investor-friendly agent. Part 2 covers 2 of 5 top questions:

[0:27] Value of investor-friendly agent as a newer investor
[1:40] Q4: Understanding “the numbers” that smart real estate investors care about
[3:07] Q5: Knowledge of various real estate investing strategies that work in your market
[4:26] Other financial resources to support your success in real estate investing?

No Comments

Questions to ask an investor friendly agent – Part 1

How do you identify an investor-friendly real estate agent? If you are a newer investor or one that is thinking about scaling your real estate investment portfolio quickly, having an investor-friendly realtor on your team can help you avoid rookie mistakes.

In this video series, I will cover the questions that you should ask to make sure that you hire an investor-friendly agent. Part 1 covers 3 of 5 top questions:

[0:35] Value of a hiring realtor that specializes in investors
[2:25] Q1: How often do they work with investors?
[4:10] Q2: What is their experience helping to buy or sell tenant-occupied properties?
[5:26] Q3: Do they personally invest in real estate?

No Comments

Real Estate Market Update-West Philadelphia November 2020 YTD

In this video, I will take you through some of the key housing market stats for November YTD for West Philadelphia, including Cobbs Creek, Cedar Park, and University City. The stats come from Bright MLS and represent only the transactions conducted on market vs. off the MLS.

Just how hot has the market been in West Philly as we wrapped up 2020. We will dive into stats on pricing trends and sales activity.

No Comments

Should you keep or sell an inherited house?

You inherited a relative’s house, now what?

In this video, I will cover the questions that you should ask after you have inherited a home from a family member. There are basically three options, live in it, rent it out, or sell it. For the purposes of this video, I will focus on the questions you should ask to decide about whether you should rent it (or keep it) or sell it.

[0:18] Overview
[1:45] 1) Consensus among family members who inherited property
[2:20] 2) What is the condition of the property
[3:50​] 3) Are there any liens, like a mortgage?
[5:11] 4) Experience managing rental properties?
[6:39] 5) What is the best financial decision for the family?
[8:25] And a little about taxes

No Comments

Is Pennsylvania landlord-friendly?

Making money off a rental property is not only dependent on nabbing a good deal but also how supportive the local municipality is toward landlords.

In this video, I will cover five things to consider when deciding whether a state or town is landlord friendly enough to make money as a rental property investor. Since I work with clients with rental property in PA, as well as own my own PA rentals, I will point out the specifics for PA tenant/landlord law.

[0:24] Overview
[1:35] 1) High Property Taxes
[2:32] 2) Eviction Process
[4:02] 3)Warranty of habitability
[5:43] 4)Laws with withholding rent
[6:30] 5) Rules governing security deposits

No Comments

Selling an older house in a hot market

In this video, I share the three major things you should address as a Seller if you know your house may need some work and you want to make sure you get the most money possible for your home in the current hot real estate market. These tips will reduce the surprises and even the haggling back and forth with potential buyers.

[0:24] Overview of selling an older house
[1:42] Turning off potential buyers from looking at photos online
[3:26] Challenges for 1st time buyers with limited cash reserves
[4:55] Repairs that would prevent a buyer from getting a conventional mortgage or home insurance
[7:38] Other tips about making repairs before selling a home

No Comments

Real Estate Market Update-Delaware County & West Philadelphia Q2 2020

In this video, I will take you through some of the key housing market stats for Q2 for both Philadelphia and Delaware County, which is the suburban county immediately west of the city. The stats come from Bright MLS and represent only the transactions conducted on market vs. off the MLS.

We will dive into stats on pricing trends and sales activity for both single-family homes and multi-family properties in Delco and West Philadelphia.

No Comments

Is it better to buy rental with existing tenants?

In this video, I will review whether it is always time to celebrate when you learn that the property that you are interested in as a rental has a tenant. Well, the answer is “it depends.” It is true that there are advantages to buying a property with existing tenants.

[0:57] Some advantages of buying with existing tenants
[2:10] How it may be worth it end leases for tenants paying below-market rent
[3:10] How inheriting tenants approved with lax screening criteria cause headaches
[4:45] Challenge of completing repairs with tenants living in a property
[6:24] Devil you know is not always better
[7:00] Honoring leases

No Comments

Is It a Good Idea to Buy a Fixer Upper?

Have you thought about choosing a house that needed some TLC as your next home but worried that you may bite off more than you can chew? If you are curious about whether buying a fixer-upper home could be a smart move for you, watch this Facebook Live seminar recorded on April 30, 2020.

You can find out how to:

• Create instant equity with your buy

• Pick the right contractors

• Evaluate low down payment options