Sub30k investing In Erie Pa

[Denise George]

Hello,

Has anyone had any luck investing in sub 30k properties in Erie Pennsylvania? If so what were some of the pros and cons? Thanks in advance! 

[Dennis M.]

Karl is the king on this one lol . Erie has lots of opportunities but you really ought to know the area before investing there . I don’t actually live there so I had to learn some stuff myself . Some places seem good with cheap property but it’s just a bunch of lowlife crackheads . The predominantly held belief is the west side is the “ good” side and east side is the dangerous “bad “side .  confusion comes into play because there’s ghetto areas on both sides and the reality is much different than the commonly held idea to stay on the west side for investing . I have found “ in general” the rental rates are about the same either way and your better off on the east side for cash flow and the west side for appreciation . It isn’t like Philadelphia or Detroit when it comes to crime . Erie is pretty tame for the most part . I don’t find it to be dangerous even in the hood areas