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39
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18
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Matthew Niemynski
  • Wholesaler
  • Philadelphia, PA
18
Votes |
39
Posts

Large Investors buying everything in Philadelphia

Matthew Niemynski
  • Wholesaler
  • Philadelphia, PA
Posted

Check out this interesting article by The Inquirer.

https://www.inquirer.com/real-estate/housing/investor-real-estate-rental-homeowner-philadelphia-drexel-reinvestment-fund-20221013.html

"The researchers focused on sales of one- to four-unit homes. From 2020 to 2021, investors bought roughly 24% of these homes sold in Philadelphia, according to researchers. In about 15% of these transactions, homeowners sold to investors. The rest were cases of investors selling to fellow investors."

Large funds are buying when everyone else is fearful. What is stopping you from buying? 

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