Is York, PA a good location to invest

[Mike Romano]

I live near Philadelphia PA and am looking into where to invest. York Pa looks like it has a great downtown but very cheap housing with almost no long term appreciation. Looking to gain insight from others who have invested in York PA. Do you find you have a lot of issues with tenant turnover and is this market possibly ready to start gaining traction with all of the downtown investment in the last 10 years or so?

[Victor Steffen]

Definitely money to be made in York, problem will be finding a strong property manager. Otherwise you will more than likely need to self-manage and be very hands-on in order to make the investment work. That being said- this would be a pure cash flow play. The market is stagnant and it takes a lot more than park benches and main street facelifts to boost property values. I'm seeing great appreciation in the west chester area- just west of you. Major university, hospitals, manufacturing plants. Purchase prices significantly higher, but much better in terms of appreciation and rent rates.