All Forum Posts by: Eric Greenberg

Hi Gene,

Id suggest you do some real research into section 8 in Philadelphia before you took the leap. Id be happy to pass along some loval FB groups where the plusses and minus are discussed in length. 

Im not 100% up to speed on the new short term rental ordnances that will be going into effect soon but as a nurse you may be able to do mid term rentals to other nurses in the area since you already know that market. 

Cheers!

Eric

Absolutely. Photos and videos of before a tenant moves in and after. I usually setup a gmail account for each of my properties. I then use the corresponding google drive to store photos/videos so I can access/forward them from anywhere. 

The agent I use in the city is excellent. Reach out if you want their contact info. 

Reach out to @Yuriy Skripnichenko on here 

If you are still looking Id be happy to pass along the contact info for the title company I use. 

Just be cautious to look at the new 2023 taxes for properties in the city as they were all reassessed recently and some have gone up substantially. 

Olde Kensington/Yorktown/Norris Square (19122) is very diverse even though its fairly small. Just make sure you really know the specific streets youd like to target as areas on the north or south east corners (closer to Fishtown/Northern Liberties) will trade much differently that the NW or SW corners (closer to Temple) which will be much different than lets say 8th & Diamond. 

If I were you I would walk the blocks to find distressed homes and try to talk with folks to see if you can find anything. 

 Thanks for the info! 2/2.5 and 1200sqft is a great market not being too large for a bunch of friend but also offering more bathrooms than anything not bee construction. 

Interesting. I had been looking at a few RM-1 shells over there a few years back but didnt pull the trigger. didnt realize they were rezoning up there. I had figured they were doing the opposite with the American st rezoning they proposed. 

The units look great Troy. What bed/bath counts are the units and rough square footage? Are you still buying/building in W Kenzo? 

Hi Annika,

I dont buy in Ucity but know the area. Like most areas in the city there are properties that go for 1M+ but nothing that would be similar to this type of row home.

With that said, usually when there are only photos of the outside it means the inside isnt so great and/or the current tenants will not let folks in to take photos. So if we assume this is a full gut with an asking of $250k (most likely will have to be cash/hard money/etc) for 1,700sqft ie $150/sqft is not all that special. My guess would be youd end up easily being all in for $400k and when you look at comps around there youd be right at or lower than what you have in it. Happy to discuss in more detail if youd like.