All Forum Posts by: Dave Ventura

Between looking at places to buy and my recent effort to drive almost every street and canvas the area it seems that SW of Wayne Junction is a great area. There is a huge vitalization planned there and a proposed Brewery that has already got a lease on a building. The other nice area is NR of germantown ave right where it connects with Mt. Airy as that is the main location of jump start Germantown and the new library they just put in. Plus it is close to the Germantown Friends School. 

 Hi Max, 

Could you elaborate, if you have any insight on what locations within Germantown are best I would love to hear more. Thanks!

Yeah I can definitly agree with that, I ran into the same situation when I swapped Manyunk properties with Germantown in my model. And I can get more cash flow post refi. I am glad to hear that you are seeing the same thing. After speaking with you and others on BP and some personal conversations I am led to believe that tenant quality and ARV won't be an issue moving forward so Germantown looks like a great option for me.

Would be great to stay in touch since we are both looking to invest in this area.  

@Joseph Ems & @Ryan D.

Thanks guys I really appreciate your input. How do you feel ARV evalutions out there? I have seen some comps for a 3B/1B or 3B/1.5B come at high enough to make the 70% rule work on a BRRR strategy investment but have honestly not looked into too much yet. I had been focusing on Manyunk & East Falls but there is basically no inventory at this point there.

Hi Everyone,

With Jump Start Germantown and all the potential commercial work on the horizon on Germantown Ave, I am trying to feel out if this is a good area to invest in. The cap rate is good and numbers make sense to use the BRRR strategy as the comps in the area show ARVs that will work. But my concern is the rental income and quality of tenant post rehab. Has anyone invested here or know anyone that has?

My goal would be to use BRRR and then hold as I would expect the value of the house to increase as more commercial spaces move into the area. What is everyone's thoughts on the neighborhood in the next 3 years? Would love to discuss. Thanks!

Hey @Sam Flannery,

I am working on a possible BRRR property and looking for hard money lenders. I see you mentioned you have a lender, I'd be really intertested if you'd like to connect. Shoot me a message

Hi Garrett, 

Thanks for the advice, I really appreciate it.  Are you concerned about point breeze becoming a bubble soon, I feel like renters are going to have the upper hand in negotiations if there is too much supply. 

Hi, I am new to the site and trying to buy a second property as an investment in Philadelphia. Right now I am a live in landlord at my first place house hacking. I have been primarily looking at SFH in 180-220k range. I have lived here for 7 years so I am pretty familiar with all the areas but am having trouble picking a neighborhood. I really like Point Breeze for the appreciation but I believe there might be a bubble and have to compete for renters. My other option is Manyunk/East Falls area, where I currently live. I have found the appreciation to be lower but the rental market has been great so I like the stability. My goal is to hold and have passive cash flow. Any advice is extremely appreciated!