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All Forum Posts by: Eric Greenberg

Eric Greenberg has started 3 posts and replied 606 times.

I agree, it matters what your goals are but Id think you could refi your townhome and make better margins investing in another property or in an ETF. 

Post: A Breakdown of Philadelphia Neighborhoods and Values

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430
Originally posted by @Slawek Jakubowski:

How about Norris Square an area between 2nd St and "True Temple" 10th St.? Thank you.

 What cross streets bound the north/ south? Cecil and Dauphin or Lehigh? 

Post: SFR Rental Zoning Restrictions in Philadelphia

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430

Cant say Ive ever ran into a SFH as an I-2 before. From what it looks like the only residential use is for 'caretaker quarters'. Is there a variance on the property? Was it owner occupies before or a rental unit? What is the zoning around it?

Zoning link:

https://www.google.com/url?sa=...

Post: Philadelphia Home Demand Index, May 2021 update

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430

Good info as always, thanks Yuriy!

Post: House Hacking plan to get started?

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430

I would personally focus on step one and acquire that first small multi then move on. I think its great to have a plan but things will change. You or you brother may find out you dislike house hacking.

I'd start understanding your budget and seeing what areas of the city you can afford. Most areas of the city with the best cashflow are areas you may or may not want to live in. Id start going to the areas you can afford where the numbers work to make sure you like the area and feel comfortable living there. Then study the market and get ready to jump on a deal when it comes up.  Small MFHs around here are a hot commodity. 

Post: real estate in pennsylvania

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430
Originally posted by @Leonard Brown:

@Eric Greenberg there are still gems the further east you go, specifically in Port Richmond. If you consider the activity that's happening on American, Richmond St. could be pretty attractive for buy and holds or rentals because it's adjacent to Fishtowns development, has easy access to I-95, the bridge, and the Aramingo shopping corridor (although still a bit rough). It has all of the potential of the Brewerytown wave.

 I agree that Port Richmond is a much different area then Kensington for an out of state investor. 

Post: Philadelphia Fence Zoning

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430
Originally posted by @Mayer M.:

@Eric Greenberg

They need the money to fund the gyms and private parking for PHA tenants

 Haha... when I called and was fwd to 5 different people they never mentioned that 😁

Post: real estate in pennsylvania

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430
Originally posted by @Daniel Hardman:

This is making my day. North of Lehigh I would just call "Kensington" and I wouldn't go north of Lehigh. It's literally "the other side of the tracks" and is a rougher area separated by a large physical barrier that runs east and west (elevated train tracks). If you go really far east toward I-95, some development is creeping over which makes sense given the stability offered by the well kept Polish community. Some people getting priced out of the Fishtown market (see below) might be tempted to creep North past Lehigh to snag some of the new construction at a discount.  

South of Lehigh it depends on what side of Front street you're on. If you're south of Lehigh and West of Front street, I'd call that "West Kensington" or "Norris Sq". The area is booming and looks rough (still some gunfire but no needles) but lots of development in the area and good rent rates. The smart money is onto it though and it's getting tougher to find a deal. If you go too far west of Front street then you'll run into Temple University which is an entirely different market. There is also a "weird" patch of government housing between Frotn St and Temple University that will not move for a while (weird feel / public / private agreements tie up inventory / poor curb appeal - just not a fun place to be). 

East of Front street (under the L) but south of Lehigh, I generically call that Fishtown. That's a mature market as new development has reached Lehigh. You will find a sizable price delta between Fishtown and "West Kensington" even for similar builds. Come on over and help build us out! 

Everything I am talking about is north of Girard. 

***I live in the area***

 There is alot of money, people, and 'trendy' buisnesses north of the wall now. I dont think I'd recommend someone from out of state/area being part of the early wave though. 

Post: Philadelphia Fence Zoning

Eric GreenbergPosted
  • Investor
  • Philadelphia, PA
  • Posts 618
  • Votes 430
Originally posted by @Nathan M.:

@Eric Greenberg 

What exactly was the fine for (location of the fence, height, condition, etc.)?  My reading of the website is that a 6-foot fence is fine as long as you have a Zoning Permit. 

Nathan,

The fine was for 'Installed 6ft fence at front of property.'  I agree, I think if I take it down then get a zoning permit it would be ok, ive just never heard of anyone ever getting a fine for a 6ft fence.