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Updated over 3 years ago on . Most recent reply

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Jonathan Chan
  • Lender
  • Clermont, FL
73
Votes |
136
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Up and coming C class neighborhoods in Pennsylvania

Jonathan Chan
  • Lender
  • Clermont, FL
Posted

I have experience investing in other areas and have recently started looking at Philly as a good prospect to invest in since it is relatively close to VA but seemingly with lower price points and higher ROIs. I buy and hold, BRRRR.

I typically like to focus on C class neighborhoods, up and coming. 

I'd like to ask what are your favorite Philly areas to invest in that meet these specifications and why?

What areas should be avoided?

I appreciate any feedback you can offer.

Most Popular Reply

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Dan Powers
  • Real Estate Agent
  • Philadelphia, PA
245
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294
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Dan Powers
  • Real Estate Agent
  • Philadelphia, PA
Replied

@Jonathan Chan Welcome to the Philly market, the land of cheesesteaks and cheap taxes. There is a ton of potential in the C class neighborhoods with some pockets experiencing 20%+ appreciation year over year. West + Southwest philly have been experiencing that rapid appreciation and are some of the hottest markets in Philly. That being said there are plenty of other areas such as East/West Oak Lane, Olney, Ogontz, Germantown.

In terms of areas to avoid, its pretty easy to point out what areas to avoid, Strawberry Mansion, Kensington, Nicetown.

Feel free to reach out if you have any more questions.

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