Collegeville, PA · Member since 2014 · 17 posts · 6 votes
Hi BiggerPockets Friends,
Any Philadelphia investors out there? Where do we think we are in the Philadelphia property cycle? I'm considering investing in a property in Manayunk and am trying to decide whether I'm crazy or not to think the price should be lower.
I’m not going to pretend to be an expert on the Manayunk market , but I will say two things. One , if you buy for cash flow, whether the market is good or bad you are making your money , and two, if you wait for the perfect moment to buy real estate, you will be waiting forever.
There is always opportunities to invest rental for long haul. But, if you put little down and have unrealistic expectation about rent price and unable to receive rental income in a C or D neighborhood, expect trouble ahead. These days investors can expect 10-13% return from liquid stocks. Many investors do better with liquid assets. We still got a little steam left from this economy boom may be 1-2 more years.