Updated almost 4 years ago on . Most recent reply
Low rental volume city
Hi. I'm brand new to real estate investing, and will in some way shape, or form will be investing in a multiunit dwelling by the end of the year. As I'm researching areas, I've come across a city (Harrisburg, PA) with a fairly low amount of available rentals. Would you consider that to be a bad market or a good market to purchase a rental property?
Most Popular Reply
Everything looks good on paper in the city. But you couldn’t pay me to buy 50% of the stuff.
You need to know the area well to make sure you don’t get taken for a ride by a turnkey guy or a PM. Lots of people buying 110k houses turnkey that are really only worth 65k right now.
That being said, I have 25 doors in and around Harrisburg. It’s treated me well, but I’m very very selective of what I keep and what I don’t