No Comments

Real Estate Market Update-Philadelphia & Delaware County Pricing Trends March 2022 YTD

Is housing over-priced right now? Should you wait on the sidelines for a market correction?

In this video, I share some market statistics with winning offer prices in Delaware County and Philadelphia PA since the beginning of 2022. 🗺️If you want help to align your personal financial goals with your new real estate investing strategy, check out this download: https/dwoodsrealestate.com/start

No Comments

Top concerns about buying a property with tenants

Some investors are hesitant about even thinking about buying a property with existing tenants because they don’t want to deal with the previous landlord’s headaches. They have fear around the hidden costs that they may encounter with tenant-occupied properties.

In this video, I will share the legitimate concerns and how to work around them to get a good deal when you buy a property with tenants.

[0:51] #1 Inheriting other people’s headaches

[1:57] #2 Limited information about the tenants

[4:07] #3 Hard to get rid of tenants

[5:09] #4 Challenge of managing the transition

[8:22] The tenant is also evaluating you as a potential landlord

No Comments

How to choose the right mortgage lender as a real estate investor

Many new investors make the mistake of talking to the wrong lender for the deal that they have at hand. Every mortgage broker whether traditional or hard money lender or even your local credit union is not equal for all real estate investment opportunities.

In this video, I will share important things to include in the discussion early on to determine whether you are meeting with the right lender to support your real estate investing journey.

[1:30] All pre-approvals are not equal…

[3:13] Discussion point #1: What type of property is it?

[4:20] Discussion point #2: How will you use the property?

[5:09] Discussion point #3: What is the condition of the property?

[7:15] Discussion point #4: What is your experience?

[9:17] Discussion point #5: What is the source of your personal contribution?

[11:43] Avoid the lender who overpromises

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