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Updated over 3 years ago on . Most recent reply

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10
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3
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Eric Dietrich
  • Investor
  • Seattle / Philadelphia
3
Votes |
10
Posts

Moving to Pottstown/Norristown/Dowington/West Chester Area

Eric Dietrich
  • Investor
  • Seattle / Philadelphia
Posted

Me and my family are planning to move to the area. to be near my wife's family, in the next 6-ish months, from the Seattle area, where we own a duplex.  Our goal is to purchase a multifamily non-owner occupied in the next 1-3 months then a multifamily owner-occupied that will be turned into an investment in a year or two.  

Our first duplex was a 90% rehab (only the sheet rock and drainage/sewer pipes weren't replaced).  So, we aren't afraid to get our hands dirty.  But not as dirty this time.

Any recommendations, wisdom, guidance, recommendations for an out of stater?

Most Popular Reply

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47
Posts
58
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Jesse L. Weaver
  • Real Estate Agent
  • Mohnton, PA
58
Votes |
47
Posts
Jesse L. Weaver
  • Real Estate Agent
  • Mohnton, PA
Replied

Hey Eric, sorry I caught this late. All great areas to invest in, you will likely find better cash flow numbers in Pottstown and Norristown and higher purchase prices and appreciation in Downingtown/West Chester. Taxes are on the high side in these areas so make sure those numbers don't get skipped over. You'll usually find a lot more inventory in Pottstown/Norristown. I am a Realtor in the area and own 1 rental in Pottstown. Please reach out if there are any questions I can answer for you!

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