Multifamily investors in or around Philly area

[Yazeed A.]

Hello everyone, 

I'm a 20 year old REI in Northern NJ looking for people in the Philly area that invest in multifamily homes. I'm considering moving to Philadelphia after I graduate so that I can invest in my first multifam/house hack. I would love some genuine advice from investors around Philly because I am currently researching the market there and would love to absorb some knowledge through an investor's experiences.

Thank you, much appreciated!

Yazeed Atieh

FDU Civil Engineering

[James Brand]

Hey @Yazeed A.!

I am closing on a triplex in South Philadelphia at the end of this month. I am very excited about the potential the property offers. There are some things I have noticed about the Philadelphia Multi-family market though. A property in good shape, priced well will go fast having several offers in the first week. It is for this reason that I believe properties in need of some work are better targets. You will be local, so you will be able to manage any changes/updates made to your property, and the value you add through small renovation will force appreciation on your property and likely make it easier to rent.

I would spend the coming months getting to know the different areas in the city to figure out where you would like to invest. 

Best of luck!

-James