Updated about 8 years ago on . Most recent reply
Invest in a small, old home that has new, large homes around it?
Hi! I am new to the forum. I am looking to invest in the Roxborough neighborhood of Philadelphia. There are a few blocks that are being developed with what seem to be over-improved houses (large town homes listed at over $500,000, with parking, rooftop decks, etc). Is it a good idea to purchase an older, 2-story row home among all of these large, 4-story town homes?
My goal is to renovate the property and rent it out. I am not interested in a flip right now. Thank you for your tips in advance!