All Forum Posts by: Account Closed

Hi Kristen, 

@kristenabney Philadelphia is a block by block city. There are tons of areas in the situation that are great depending on what you are looking for? What are you looking to do (i.e. buy and hold, flips, rentals)? There are tons of websites where you can look up the comps for the area. See what houses in the area sold for and look at how much work your property needs done. 

Wynnefield is a tad bit higher than Overbrook. The couple of dollars you are saving in not paying wage tax is going to an increase in rent.

Hi Jason and welcome,

I am new as well. Do You have listings or are looking for some?

@Sharon Jacas Temple area is definitely up and coming. Temple is buying everything up and they have knocked down a lot of the housing developments to make the area nicer.  They are building houses everywhere. If you are going to buy in North philly now is the time! They are expanding and Temple is taking over everything. North Philly is nothing like it was.

University City and Temple have two of the largest, most esteemed colleges in the country.  With that being said, it is a great area to rent homes out or even flip as investors are constantly looking for properties in that area. In these areas you see a lot of college students, and if they can afford these major universities, they are more then willing to pay for a nice place to stay.  You can rent out by the room and put more in one home, essentially charging almost $3000 for a house. The presence of security is high in these areas also because they are provided by the schools.  The blocks are well lit and the areas are much safer. Hope this helps. Feel free to ask me any more questions. @Sharon Jacas

hey guys,

Feel free to connect with me. I'm sure I have some listings that would interest each of you. Germantown is a great area. It is historic, large houses, and charm. Nice area for buy and holds.

I lived in Germantown years ago. I am a born and raised Philadelphian. As with everything in Philly, it is block by block. However, because there is tons of stores around Germantown and Chelten it is very busy. Close to public transportation and huge homes. There is a police station 2 blocks away. The further you go up Germantown towards Chestnut Hill the better it gets. There is a low income housing development 2 blocks away from Germantown and Chelten also. Germantown high was closed permanently. There is a public assistance office 2 blocks away as well. But you can definitely do well with a buy and hold and charge a good amount for rent because the properties are soo big. The homes come with a lot of character because of their age.  Feel free to ask me any questions. 

Temple is where the money is.....urban missing out @brianbond. Lol. Germantown is a very historic area so the houses are enormous and you make out well turning them into apartments as opposed to renting the whole house. Temple area is great for charging high rents because people come from all over to go to Temple. They need places to stay so you are able to get what you are asking. My mom rented her house in Temple are for $1800. Feel free to connect with me for more info on areas and listings.

I completely agree with Brian. Philadelphia has some of the largest universities in the country bringing people for all over. There is huge potential to rent and flip properties.  Philadelphia is up and coming. There are houses going up all over. I was born and raised in Philly and I see a huge difference. 

I've lived in Overbrook. It is the nicer part of West Philly. You could charge more for rent there as opposed to other parts of West Philly.  Definitely more historic, and nicer.  Feel free to Pm me for more info.