Out of state investing
Hey everyone!
I am from Philadelphia. I’m working on saving for my first deal. Philly is growing so the prices are kind of high. What are some good out of state market options that you guys invest in?
Most Popular Reply
@Bill Plymouth although a lot of neighborhoods in Philly are rather pricy, there are still plenty of neighborhoods that you can get pretty good cash flow. West philly is zoned to allow SFRs to be converted to duplexes as far as I know which can be a good cash flow opportunity but if you go outside of philly to pottstown, reading, harrisburg or allentown there are plenty of other markets within reasonable driving distance that may be a good fit. Otherwise, if you're really interested in OOS investing, check out @David Greene's book on Long Distance REI. The topic of which specific markets are best for investing out of state has been talked about at length on BP so just do some searches to find it.