Philadelphia / Philly Newbie, Flipping, Buy and Hold
Hello BP colleagues,
Moving to the Philadelphia area and interested in networking with people in the area. Interested in investing close to the Overbrook / Overbrook Park area. I am interested in flipping for short-term income and buy and hold for long-term income.
Most Popular Reply
Hey Gabriell!
I live, work, and invest in Philadelphia. I am curious what has lead you to target Overbrook? The area does have rental demand from students at St. Joseph's University,which can be an effective strategy when acquiring renters. One key though is making sure your property can handle the abuse of younger renters. If college students are a demographic you would consider renting to, I would recommend making decisions to prepare your property for an increased level of wear and tear. I included a link below that has some good ideas about steps to take when renting properties, especially when considering college student.
Best of luck! Reach out anytime if you have questions about the city.
-James