New Philadelphia Buy and Hold Investor

[Clark Bower]

Hey,

My name is Clark I am looking to start investing in Buy and Hold properties in Philadelphia. I am looking to gain knowledge and meet other local Philly investors to get to know the lay of the land in this market. I really like areas like some areas in Delaware County, Fishtown/Olde Kensington and Brewerytown depending on the property I would also consider house hacking. I am looking for an investor minded real estate agent who has worked in the area to help on my first deal, so if you have any suggestions or are a agent feel free to reach out! 

Look forward to connecting and adding to the Bigger Pockets Community,

Clark

[Joseph Scorese]

Hi @ClarkBower,

Welcome to BO!

House Hacking is a great direction to obtain Landlord Status and show collateral for investors for future acquisitions. First, make sure you know what your qualifications are since the real estate agent will need to narrow your search based on your pre-qual. Depending on what area of DELCO the taxes could be your enemy on cash flow or house hacking but can still be great long term holds. When considering the Riverwards Section ((Fishtown/Kensington Areas) You might need to push further out in the Riverwards to obtain that cashflow/appreciation move for multi family. In regards to Brewerytown, the area is evolving toward new rehab and or new construction - multi's are slim pickings for House Hacking. But could be more toward Cecil B Moore section of Brew Town. 

Let me know if you have any questions and happy hunting.

Regards,

Joe Scorese