Thoughts on Buy & Hold in Brewerytown, Philadelphia
Hi all,
I've recently switched my investing entry strategy and am currently looking to buy & hold my first multifamily property in Philadelphia, PA with a goal of house hacking. I'd like to buy in an up and coming neighborhood, but also one that I'd personally like to live in for at least a year.
I've considered West Philly with close proximity to the universities but I'm currently focused on the Brewerytown neighborhood. I've spoken to several investors who believe Brewerytown/Germantown are starting to show similar trends that Northern Liberties/Fishtown did 2+ years ago.
Any investors have thoughts on this area or other recommendations? I understand South Philly is hot and I may invest there later, but it's too far from my extended family who live in the northern suburbs for my own residence initially.
Thanks for any insight you can offer!
Lindsay