Staten Island, NY 路 Member since 2015 路 265 posts 路 59 votes
Hello, any investors have experience in Allentown, PA? I have been looking on a few real estate sites and see some low prices on SFHs. Are there areas to avoid here? Any advice would be helpful. I know nothing of the area.
@Eric DeVito I personally like the Bethlehem areas. South Bethlehem, North Bethlehem and West Bethlehem. But I do know a lot of people who do invest in Allentown and do well. I actually see a lot of people trying to rent my places in Bethlehem that are trying to move out of Allentown.
I'm a beginning investor and have been looking at the Bethlehem area myself. @Rich Vogel are you targeting the college housing market in the area? I've been thinking in that direction but don't know enough yet about the special circumstances that could go along with that market.
@Tom W. we have one property that is in the college area the other properties are throughout south Bethlehem, North Bethlehem, and Fountain Hill. I really like this area cause it is growing, especially with people moving from new jersey and new York.
@Rich Vogel I will expand my search into Bethlehem. Any streets to avoid? Right now I'm just looking at homes for a $100,000 and under on various real estate websites. As a new investor should I stick with sfh or duplex?
@Eric DeVito. Hey Eric I try and avoid house in the area of Mechanic st. in south bethlehem. I would also not purchase anything on Wyndotte just cause it is such a busy street. If you are looking at a property let me know I can give you any advice on it that I might know.
@Rich Vogel thanks! Right now all I am doing is looking at Bethlehem and Allentown areas on realtor.com. Just looking at photos too see which looks to be in best condition. I will also play around with the BP rental calculator. Not sure what else too do.
@Eric DeVito I would schedule some appointments and get into a couple of places. Even if you aren't ready to buy it will get you a better understanding of what to look for and what areas you like. Something I always do and it gets me so much information is talk to the neighbors they generally always no the story behind the home.
Need more details. You want to buy for $50,000-$100,000, or you want that to be the resale price? Either way, you're probably looking at a small portion of 18104, but more likely 18103 or 18109.
we want resale price after renovations arround $90.000 to $110.000, so which area is still hot? a lot of buyer looking for it?at allentown?how is the city now?is the economic growing?
how is the technology company over there?is growing?thanks mark
we want resale price after renovations arround $90.000 to $110.000, so which area is still hot? a lot of buyer looking for it?at allentown?how is the city now?is the economic growing?
how is the technology company over there?is growing?thanks mark
Eric DeVito I am from Staten Island originally too and am looking into investing in the Lehigh valley area. Would love to connect with you and share experiences!
@Rich Vogel hey actually just got a great deal on a sfr on mechanic street but more East right by the casino. Neighborhood seems friendly enough and the property came with a huge garage which I separated and now getting 90/month on 2 garages and almost done on the cosmetic rehab that I鈥檓 planning on listing for 1350/month including the other 2 car garage fenced in backyard 3 BR one and half bath for 97k. After all said and done I may be cash flowing 1150/month gross but realistically 650-750 net after expenses cap ex, vacancies etc.....I live in north Bethlehem township and this is my first deal!! Mortgage insurance and taxes costs me only 600/month. Put 25% down and rehab was around 3k just to throw some numbers out there. I鈥檒l update you on the final numbers after I get it rented!!