Phoenixville, PA · Member since 2019 · 18 posts · 6 votes
I’m looking to buy a multi family home in the next year where I can live in one unit and rent the other units. I currently work in the Malvern area and live in Phoenixville. Both these areas don’t seem like great places to buy and hold. Both are expensive areas. I used to live in West Philadelphia and the commute was terrible but I am open to moving back to Philly if it makes sense.
What are some good neighborhoods to buy property to rent? I’m not interested in student rentals at all.
When it comes to buy-and-hold rentals in the city, West Philadelphia does usually make the most sense numbers-wise. Cobbs Creek is the first neighborhood that jumps to mind when I think about buy-and-hold, but Wynnefield, Overbrook, and West Kensignton (aka Norris Square) also should be neighborhoods worth looking into.
When it comes to buy-and-hold rentals in the city, West Philadelphia does usually make the most sense numbers-wise. Cobbs Creek is the first neighborhood that jumps to mind when I think about buy-and-hold, but Wynnefield, Overbrook, and West Kensignton (aka Norris Square) also should be neighborhoods worth looking into.
Lender · Philadelphia, PA · Member since 2018 · 58 posts · 17 votes
7y
@Brande Gilbert there are a ton of good spots in Philadelphia to buy as a primary home and rent the rest out. I’m not a realtor, but I do invest in philly a lot. I’d be happy to talk with you about all of that. Message me if you want to talk a bit.
Looking to analyze Philly/surrounding area market for value add multi family opportunities, any references to start will be helpful. I currently invest in SFR in TX and TN.