hey everyone, i was wondering if anyone on here knew of any good places in places where the market seems reasonable for a young investor to at least get their feet wet in REI. I know that the population is growing in pa but i can't seem to understand why if there hasn't been any significant job growth. Any advice or comments are more than welcomed. Is Pennsylvania not a good state to start with? Is anywhere in the east coast a good place to start for a newbie investor? HELP!!
PA is fantastic for cash flow as long as you are in a big enough metro area for there to be a decent supply of renters. I wouldnt look at any place smaller than Erie or Wilkes Barre.
Our prices are very cheap compared to a lot of areas and rents are pretty good, what you wont get is a lot of appreciation.
Tell me more about what you are looking at, and what you are looking for?
To your success
Hey Josh, thank you for taking your time to even read my post and thank you for commenting as well. Now i haven't really looked into either place yet but i happen to live in ny so the erie, pa area might be just a little out of my range. As for wilkes-barre i certainly wouldn't mind the travel if cash flow is good.
I personally think that the best way to build real cash flow is through time so I'm looking for long term investments. Flipping houses really doesn't seem like my cup of tea. Things like single family homes or condos i believe would be a great way to start. Do you own a couple of these properties yourself? How did you get started if you don't mind me asking. If there is Anything else you can recommend feel free to let me know. Im always all ears with good or even bad feedback!
thanks in advance,
I'm an investor in the Wilkes-Barre/Scranton region. While you cannot count on any appreciation, you can find a nice sweet spot in some decent neighborhoods if you get to know the area.
thanks Kevin, i was really looking for something to get me started in the real estate business. If Wilkes-Barre is as good as people are saying, I wouldn't mind driving down there and looking around. Any good neighborhoods you recommend?
As far as within the City of Wilkes-Barre, I'm always looking for properties that are immediately adjacent to the two colleges downtown: King's and Wilkes. Also, Plains Twp. is just north of the city and is nice; Hanover Twp. is just south of the city and attracts decent tenants.
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