All Forum Posts by: Parth Patel

My real concern is just kind of around area buying first property in a rougher neighboorhood. On the flip hand, I'm am also priced out of the "better" areas and with the market good properties don't come/stay on the market. 

The middle school is rated pretty decent. The highschool is newly opened in the area. Temple Hospital, school of medicine, and pharmacy are close like 1 mile away, a 3 min drive or 15 min walk. My tenant pool maybe be families mostly but can be students also. 

Thank you for the reply and input Tchaka

I am currently under contract for a house, a triplex I want to house hack in. My plan is to live/intend to live in one of the units and rent out the other two units. The property is in decent shape to rent out as is but could use tender love and care in other areas to raise the rent or look better. 

The property is in the Nicetown-tiago neighbourhood. On paper the numbers for cash flow and income make sense. I am having butterflies in my stomach about the neighboorhood with the low-income area and few empty boarded-up houses. The houses is near Temple University Hospital and a middle and high school. The crime hot map shows that the crim is lighter in comparison to other areas. 

Those that have house hacked in lower-income neighbourhoods...

- How have those properties appreciated?

- How has the landlord management been?

- What were your takeaways and lesson learned?