All Forum Posts by: Donald Whitfield

@Troy Whitney

I mean at that price you may run into a Higher turnover rate and a lot of people shy away from that for several reasons...Not to many people who like a revolving door of tenants in their property. Not saying you will have that problem, just saying i see where others are coming from. In the end though, the objective is to make money and if your way works for you then continue to do it.

@Troy Whitney

Definitely a tough area, but you have paying tenants so I wouldn't sweat it. I wish you the best.

Being a South Philly guy born and raised I can tell you for a fact it really just depends on where the house is located in "19145" there are some areas where you can leave your door unlocked at night ( although i wouldn't advise it) and there are some areas where you think you are in a scene off of The Wire. Either way you will make money on the house because its South Philly. Its the only place in Philly where everyone has 3 cars and you have to pay for yearly parking permits to never have a spot on your block and have to ride and ride to only find one 5 blocks away. If you goal is just cash flow though you should be good, but if its good up keep of the house over time safety of Tenants etc then just be on the look out. Realtors call neighbors  up and coming all the time but wouldn't dare go to some of these places at night or during a hot summer day in June, but again just move with caution because 2 blocks away could be paradise. Good luck, and congrats on the third property 

-Don

Thanks for the advice Larry, I've read the ebook and a few blogs already.

HI guys, looking to get started in the real estate world. Ive been lurking around and just reading and gaining as much knowledge as I can. I'm actively searching searching for duplexes and triplexes in the Philly area to help me build some additional cash flow. looking forward to continuing to learn from everyone on this site.