Investing in New Castle, PA
Hey everyone,
I'm looking to get started with my first buy and hold property, and I was wondering if anyone has any experience or knowledge of investing in New Castle, PA? I live in the city, but I'm not really sure about the statistics to analyze the deals... There are quite a few multi-family properties that are very low priced that I would like to get started with, and the numbers look good to me on the surface (other than these ridiculous property taxes)... but can anyone add insight on expected vacancy percentages, expected annual rent increases, or issues with city inspections, etc? I've heard some horror stories, but some of these deals look too good to pass up.
Thanks for any help!