Did you end up investing? I am on the same situation as you and also looking for some advice.
Hey guys Reading PA is on the ghetto side, but there is potential for some sort of cash flow or flip. Recently there has been an increase in population which can easily relate to high occupancy.
thanks for your advice
How 'ghetto' is Reading, PA? As ghetto as Compton in LA? As ghetto as NOLA? As ghetto as the Bronx?
It's all relative.
At Least seeking 20% plus cap rate in these areas.
I see the price there is not cheap.
@David Smith hey are you invested in reading ? I’m trying to get into house there but house are too cheap in the that area with high risk. Just want to know your input.
I have family in Reading and I do like the the cost of properties out there. It wouldnt take much to purchase a property as a first time investor. Any feedback from investors in the area?