I am a first time buyer looking for a multi family in Schuylkill County. I live in the lehigh valley and know it is very hard to find a rental property right now.
Has anyone purchased properties out that way or have any info on that area. The places are pretty cheap and I know around the Shenandoah area the town is basically dying but I do not know too much about that area.
Flipper/Rehabber · Bethlehem, PA · Member since 2015 · 134 posts · 39 votes
7y
I do most of my investing and Lehigh and Northhampton counties, but do some as well in Schuylkill county. You are correct, in the 1st two counties, we are flooded with investors and prices are rising; Competition is high and it's getting tougher and tougher to get a good deal. But those areas are more likely to appreciate over time especially with all the influx of money coming in.
In Schuylkill county, you can get more bang for your buck. Properties are cheaper and I have never had a problem renting to good tenants at a good price. The cash flow there is excellent, but I would go into it assuming things will not appreciate as much over time, especially in comparison to Northampton and Lehigh Counties. That being said, who knows, with what's happening in Leh/Nor, investors could push out to those areas and things might appreciate more/rents go higher. It's all a guessing game, but it is a fact that cash flow is good there.
Avoid the smaller/heavily depressed towns like Shenandoah. Stick to the mid-size towns like Pottsville and Tamaqua.
Depends where you want to be. Plenty of cheap homes in Central PA although they are getting harder to find. I also invest in Pine Bluff AR and Eastern NC. Pine Bluff is a bit of a war zone so need to be careful there but really cheap property can be had. You will have to deal with the blight and not so good tennants. Low income areas are where I like to invest. Someting about helping the poorer segmant of society seems to be my calling.
Investor · Lincoln Park, NJ · Member since 2020 · 39 posts · 5 votes
4y
@Avi S.
Schuylkill County and Northumberland County are easy to find cheap houses. Let me know if you are looking to buy rentals or flips there. Currently have a deal in Tamaqua that we are looking to assign.