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Any Fellow Real Estate Investors in Philly or SJ?
The time to strike was a few years ago, but there's still tons of deals out here.
Hell, I even know a few SMART mfer's that think Camden (or at least parts of) is going to see a major uptick in not so distant future. Comment here what your model is and we'll go from there. Personally, we like flips. Flips in bustling areas are what we seek, but who doesn't?! That doesn't necessarily mean we won't buy in towns like Oaklyn, NJ or DELCO, PA every once in a while, but we would need to get them at a 'can't miss' price. Carpetbagger style. Unfortunate truth of the career. Give them what they need and not what they want. Damn, I hate that saying, but I'm not gonna deny it. Thinking about starting a larger portfolio of 'buy and holds' for the time being, but we need them in distressed condition. Get em cheap, put the work in, and rent them out. Opposite of buying an overpriced prop that's rented out already. We like the sweat equity. God Bless America!
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"A person who saw no important difference between the fire outside a Neandrathal's cave and a working thermo-nuclear reactor might tell you that junk bonds and derivatives BOTH serve to energize capital" - Nathan Israel |