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Adeiza Jatto's profile image
Adeiza Jatto's profile image
Adeiza Jatto
  • Rental Property Investor
  • from Hyattsville, MD
  • Member since Jun 6, 2017

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Adeiza Jatto's profile image
Adeiza Jatto's profile image
Adeiza Jatto
  • Rental Property Investor
  • from Hyattsville, MD
  • Member since Jun 6, 2017
Adeiza Jatto
  • Rental Property Investor
  • Hyattsville, MD
8
Votes |
48
Posts
Philadelphia Real Estate Forum

Potential Buy/Hold Rental Property

Adeiza Jatto
  • Rental Property Investor
  • Hyattsville, MD
Posted
How's the Potential buy/hold rental property for duplexes/triplexes in the Philadelphia area?
Philadelphia, Pennsylvania
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John Knisely's profile image
John Knisely's profile image
John Knisely
  • Real Estate Agent
  • from Media, PA
  • Member since Feb 4, 2017

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John Knisely's profile image
John Knisely's profile image
John Knisely
  • Real Estate Agent
  • from Media, PA
  • Member since Feb 4, 2017
John Knisely
  • Real Estate Agent
  • Media, PA
250
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361
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John Knisely
  • Real Estate Agent
  • Media, PA
Replied

Lots of competition in the area between local investors, out of state investors, and owner occupants. Definitely not a surplus of deals and when the right one comes available it goes quickly. In many areas the 2% rule is unlikely due to market prices. 1-1.5% seems like more of the norm based on what I've seen.

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