Philly Investors: Should I invest in North Philly?

[Tylar White]

Hi, I'm new to investing (looking for my first rental property). Around 16th and Girard is the area I'm looking. It's definitely a class C/D area but has potential. Gentrification has started and newer apartment buildings have been put up. There's plenty of blocks that still have older homes, but I have a hunch it will be like Fishtown in the near future since it's so close to downtown. Should I take the risk and purchase a property in this section of North Philly? Please share your thoughts. 

[Troy Sheets]

Originally posted by @Tylar White:

Hi, I'm new to investing (looking for my first rental property). Around 16th and Girard is the area I'm looking. It's definitely a class C/D area but has potential. Gentrification has started and newer apartment buildings have been put up. There's plenty of blocks that still have older homes, but I have a hunch it will be like Fishtown in the near future since it's so close to downtown. Should I take the risk and purchase a property in this section of North Philly? Please share your thoughts. 

 Not sure how close to 16th and Girard you're looking but that area is already pretty expensive and not risky at all from a development standpoint. It's a pretty solid area for rentals so if you find something that cash flows, jump on it. You can likely rent to either young professionals or students at good rates, today and I agree, that area will only continue to improve.