Wynnewood, PA · Member since 2015 · 8 posts · 1 vote
looking at properties in Upper Darby Township (mostly Drexel Hill). The taxes are extremely high. Anyone have insight into why this is? most 100K houses have taxes of 5K. seems crazy. wondering if I should not invest in that area, and look at parts of phila instead (overbrook park?)
lol- are they driving mercedes? $400 a month in taxes for a 100K house really takes a big chunk of out any cash flow.
@Mark Redmann I see you invest in philly- do you invest in the upper darby area, or elsewhere? the overbrook section has significantly lower taxes, but I am not familiar with the rents or the area as much. looking for buy and hold SF or duplex/triplex.
lol- are they driving mercedes? $400 a month in taxes for a 100K house really takes a big chunk of out any cash flow.
@Mark Redmann I see you invest in philly- do you invest in the upper darby area, or elsewhere? the overbrook section has significantly lower taxes, but I am not familiar with the rents or the area as much. looking for buy and hold SF or duplex/triplex.
Haha not Mercedes, but they sure are shiny and new! I stick to brewerytown, fishtown, and point breeze.
looking at properties in Upper Darby Township (mostly Drexel Hill). The taxes are extremely high. Anyone have insight into why this is? most 100K houses have taxes of 5K. seems crazy. wondering if I should not invest in that area, and look at parts of phila instead (overbrook park?)
UD and Drexel Hill are both attractive...until you look at the taxes. I haven't pursued anything there as the taxes usually kill the deal at first glance. Tough to rent a house out for $1k/month and have ~40% of that go to taxes before you've paid a mortgage or insurance! No idea why taxes are so high, maybe lack of industry? Way out of my league to speculate though.
@Troy S. are there other areas you would recommend? I am trying to find investments close to wynnewood so it is easily accessible for me. I also work in center city, but am not familiar with the areas to invest in down town. thoughts?