All Forum Posts by: Marylynn B.

Jay is making an excellent point.  Just the other day I saw a BP member promoting the Pittsburgh market.  I checked out his properties and stumbled upon one less than a block from the house I grew up in.  The listing referenced the quiet dead end street and nearby park.  Definitely not safe to walk that street or park after dark. 

There has been brief mention but what about properties in the SE coast - Hampton Roads, VA, Savannah, GA, Charleston, SC - Anyone have experience buying/renting in these areas?

We own rental property in Greenville County South Carolina and they cash flow very well. There are a lot of opportunities for "low to mid" grade rental properties around here. Thanks to BMW, Michelin, GE, and other large scale employers we have a large tenant pool and typically have a very low vacancy rate. 

Hey @Marylynn B. I'm looking to invest out of state since the capital I have available would not even buy a studio apartment in NY. If you could share some of the experiences you've had with your out of state investment property it would be greatly appreciated.

Thanks!

i live in Philly and there are a lot of cash flow properties out here. These prolerties dont see much appreciation though. Property taxes are low too. What is your price range and cash flow expectation? Are you looking for a ready to go property? 

 I feel your pain. My mother's house is a duplex and her tenants pay $800 when market rate is at least $1,400. I keep trying to explain to her that she is basically paying these people $7-8k per year in subsidies but they've lived there 20 years and she's got a soft spot for them. Don't get emotionally attached to tenants!

We own rental property in Greenville County South Carolina and they cash flow very well. There are a lot of opportunities for "low to mid" grade rental properties around here. Thanks to BMW, Michelin, GE, and other large scale employers we have a large tenant pool and typically have a very low vacancy rate. 

I only have one rental, but I have been analyzing this market carefully, so take my information with a grain of salt.

West Philly is the new hip place to be, and there are plenty of cheap housing around. Lots of students or "young and in debt" graduates moving there, creating a strong rental market. 

Also South Philly has some great places, more specifically Point Breeze and Newbold. I am eyeballing a property in Newbold that fits the 70% ARV rule.

Philly, contrary to the rest of the big metro areas still is in a buyers market. I used to live in a similar place in San Diego, CA, which today has 2 months inventory. The zipcode I follow closely has about 3 months of inventory, which is one of the few parts of Philly with a better market. 

There has been brief mention but what about properties in the SE coast - Hampton Roads, VA, Savannah, GA, Charleston, SC - Anyone have experience buying/renting in these areas?