frankford philadelphia

[Nate Feldman]

hi im looking to invest in the frankford neighborhood . Does anyone have any advice?

thank you

[Joseph Scorese]

Hi @

If your goal is to cash flow (Section 8) in the and not looking to sell for long term Frankford is the market. A lot of renters are being priced out of other neighborhoods (Good & Bad). We property manage in that area and are in agreement complete rental market at this points and top values of rehab flips are below $150K so your $50k mark for rentals should be ok but be prepared for higher deferred maintenance costs in your evaluation on cash flow. Would use more toward 5-6% than 3%.

Regards,

Joe Scorese