All Forum Posts by: Eric Greenberg

Good luck with acquiring your second property a bit closer to home. Are you looking to invest in the city or in the surrounding area?

Hey Antonio, 

Id first try to figure out what type of real estate investing youd like to do.  Its hard to give any real advice on what areas to target in Philly without knowing what you plan on doing, budget, etc. 

Originally posted by @Chris Huang:

@John Knisely, Do you have any recommendations to rezone a single dwelling to legal 2-family?  Just curious about the entire process (fee/cost, wait time and other permits, etc).  Seems like a good investment if you can convert a property into a duplex.  Below is a zoning appeal from a property we're looking at right now.  Thank you. 

Chris, 

The above property looks like it has been granted use as a duplex already. Are you asking how long the process could take in theory?

Hi Alex, can you DM me the info as well.

I would agree if you are looking to buy a property right now with squatters/tenants but that didn't seem to be the question. It was more of a general question about evictions in the philly, and right now it would be foolish to speculate on what the eviction process/timeline will look like in X months.  Again, its best to worry about problems as they arise, no need to think of ever bad possibility before you get started. 

Thanks Yuriy!

If this were me, I would first go and talk to actual folks who have lived in this builders properties for X amount of time (hopefully a year plus) and see if they've had issues, specifically water intrusion. The new construction around here is riddled with issues from my experience.

Hi Christian, not to say you shouldn't research and get a plan together, but I wouldnt worry about evictions until you get a property. Then spend time on what-ifs after that point. Id also argue the probability of going through an eviction in Fishtown isnt anywhere close to 100%. Most folks in the area now are young professionals, who, in my experience do not want an eviction on their record. If you are really worried about evictions learn up as much as you can on placing a great tenant. 

Id agree. You may be able to make a deal happen in fishtown/northern liberties that makes sense but its tough when competing against primary home buyers. Like Jimmy said, looking on the outskirts like parts of 19122 that border fishtown could be a great move. I will caution if you are new to the area certain bordering areas (ie north of lehigh) or even in the zip code (ie west of 5,6,7th street in NL) can be a very different environment then a block or two away. I live/buy in these areas if you want to reach out and discuss in more detail.