Investing in Philadelphia
Hi All,
I'm in the process of finding my first rental property. I'm looking in the Philadelphia area, the only challenge is I'm not too familiar with the area. I've been talking to a couple of people I was told Brewerytown, zip codes 19145 and 19148. I'm looking for multifamily 3+ units, renting for 900+ and I don't want to be in a rough area.
Are these the best areas to buy properties in? What are your thoughts?
Thanks in advance
Most Popular Reply
Philly is block by block, investing in an area that you don't know anything about is probably the worst decision anyone can make. If you live in NY I would suggest trying to find a rental property closer to you rather than out of state. The zip codes you mentioned are some of the hottest zip codes in the entire country and finding a multi-unit will be very difficult.