Investing in Reading,PA

8 Replies

Hi everyone, I'm new to BiggerPockets so first of all nice to meet all of you guys and thanks for the help. I'm planning to purchase in the next month 5 units property in Reading,PA , I see there a lot of potential for a great Cash Flow without appreciation , I found a good deal with 13% Cap rate after Mortgage. It's a little bit scary to see that kind of deal , I know Reading,PA isn't the best place to live in and there is no have any appreciation and the tenants can be hard sometimes. But I want to know from pros what you guys thinking about the Reading Area? Should I invest in that kind over there? I live an hour from the property.

At Least seeking 20% plus cap rate in these areas. 

I see the price there is not cheap.