Philadelphia buy and hold rental property

Member since 2019 · 7 posts · 1 vote

Hello BP forums, I have been considering the philly market to purchase a buy and hold investment property. single or multi family, mainly focused on cash flow.

Looking to connect with realtors, property managers, and investors in the area before I find something I like or to help me for when I plan to make a trip down there.

Im still learning the market so any tips in general or on what parts of philly I should focus on are welcome! thank you.

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Sanise Hass

Rental Property Investor · Philadelphia, PA · Member since 2020 · 21 posts · 6 votes

@Ioannis Babatsikos Im born and raised in philly and have been studying the market. Best locations are brewerytown, northern liberties, temple university area (north philly), university city, south philly, but up and coming is West oak lane. And parts of Kensington....If that helps.

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Jazmine Waters
Member since 2019 · 5 posts · 1 vote
6y
@Ioannis Babatsikos hello! Realtor and investor in the Philadelphia area! I’m willing to connect with you if your interested. Where are you from?
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Junon Celestin
Investor · Philadelphia, PA · Member since 2017 · 64 posts · 22 votes
6y
@Ioannis Babatsikosy find a realtor to show you around a few of them . I am not a pro but I think that would make sense plus I purchased in a few all parts of Philadelphia and the ARV has jump remarkably great numbers
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Sanise Hass
Rental Property Investor · Philadelphia, PA · Member since 2020 · 21 posts · 6 votes
6y
@Ioannis Babatsikos Im born and raised in philly and have been studying the market. Best locations are brewerytown, northern liberties, temple university area (north philly), university city, south philly, but up and coming is West oak lane. And parts of Kensington....If that helps.
3 Reply
Stephen J DavisBusiness Member
Rental Property Investor · Houston, TX · Member since 2017 · 529 posts · 467 votes
6y
Join the local real estate investor group to meet investors and build your vendor team. Check out www.nationalreia.org to find them.
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Kevin MoyerBusiness Member
Property Manager · Philadelphia, PA · Member since 2019 · 270 posts · 303 votes
6y
@Ioannis Babatsikos I too am a buy and hold investor and property manager in Philly. Sometimes it feels like the GIGANTIC transfer tax makes holding the only financially feasible option...
Otter Property Management4.8628 Reviews
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Derek Pheiffer
Rental Property Investor · Philadelphia · Member since 2020 · 8 posts · 3 votes
6y
@Ioannis Babatsikos I've been living in Philly for a few years now and I would echo the areas's @Sanise Hass mentioned. Depending on what your goals are (and where you stand financially now), I would also suggest Point Breeze, Passyunk, graduate hospital, any neighborhoods around the various colleges (Drexel, Temple, Penn, Jefferson, etc) and Manayunk (not sure how far your radius is). I am also new, but it's been making it easier for me to plan as I narrow down on the types of tenants in each area. Good luck and hope this helps!
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Brendan Markle
Newtown, PA · Member since 2018 · 172 posts · 81 votes
6y
Hey! I am a local Real Estate and Investor in the area, if you have any questions feel free to reach out. I have been investing for about 4 years now, and have worked with many investor clients.
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Jason Sinclair
Investor · East Coast · Member since 2020 · 21 posts · 4 votes
6y
Hi all! My wife and I are from NYC and looking heavily into Philly for BRRR investments. I'd love to connect and pool knowledge and resources. We are actually heading there this weekend to look at properties and neighborhoods. Would love to connect, meet, or simply chat over your insights, etc. @Brendan Markle @Sanise Hass @Jazmine Waters @Ioannis Babatsikos hope to connect!
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Sanise Hass
Rental Property Investor · Philadelphia, PA · Member since 2020 · 21 posts · 6 votes
6y
@Jason Sinclair hey Jason! I’m a newbie in the market! I am currently looking for my first flip! I may not be as much help to you as you to me! Lol. But I can tell you the booming neighborhoods! 🤷🏻‍♀️
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Frank Robinson
Rental Property Investor · Peekskill, NY · Member since 2019 · 31 posts · 11 votes
6y
Good discussion here. I've been looking into the PA Market for a couple weeks now and agree there are opportunities here assuming we can target right. @Sanise Hass I'll be taking a look into the Phili areas you mentioned.
I've included for discussion/comment a schedule I put together sourced through City-Data stats. I am using to narrow my focus initially to larger Cities with population >40K+ and with positive population growth trend. Based on initial results a few cities are trending in the right direction.
Anyone here have any insights into York PA. I am analyzing a portfolio of 11 homes here and would love to hear more about the area.

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Craig Osborn
Rental Property Investor · York, PA · Member since 2012 · 12 posts · 2 votes
6y
Hello, I live in York County and have for most of my life. Investing in York City requires neighborhood knowledge. There has been an increase in gang activity and gun violence in the last few years which holds rents and property values down. The poverty rate in the city is very high. There is money to be made if you are willing to deal with the challenges.
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Ioannis Babatsikos
OP
Member since 2019 · 7 posts · 1 vote
6y
@Jason Sinclair hey Jason, would love to throw ideas around. please let me know how your trip down there goes, I am coming from NY as well!
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Frank Robinson
Rental Property Investor · Peekskill, NY · Member since 2019 · 31 posts · 11 votes
6y
@Craig Osborn thanks for the market insights.
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