SE Delaware County investing

[Alfred Harrison]

Hello all,

Are there any rental investors that deal in the southeast sector of Delaware County? I'm thinking of towns like Holmes, Folcroft, Glenolden, Clifton Heights, Sharon Hill, etc. 

It seems to be a blue collar/working class area with potential for C class rental properties. Any insight into this area would be very much appreciated.

Best,

Al

[Adam Costa]

Hi Alfred, 

I've been looking pretty regularly in those areas as well (namely Glenolden). I'd actually give most of the rentals a B or better. My reasoning is that most of these homes (Post war brickers 3/1/1 or 3/1) have been owner occupied for years and in many cases you can scoop up 30 years of someones work for 85k. They typically rent in the 1,200 range and are very sturdy (Brick, basement/garage access etc.).