Investing in Pennsylvania Market?

Investing in Pennsylvania Market?

New to Real Estate · NJ (new jersey) · Member since 2019 · 75 posts · 41 votes

As I now decide what out of state market I want to get into, I come to the thought that bc I am from New Jersey the closest state possible to me is Pennsylvania. The price difference from NJ & PA are significant. It’s also a decent landlord friendly state for investors. 

I originally was looking in the Midwest and different areas & I still am but, when I start thinking about rehabbing & working on a project, I tell myself I can easily drive 1-4 hours to check on my property PA because of the distance vs somewhere like the Midwest where it’s  super far. It just gives me a peace of mind.

Any advice from people with experience in the PA market or just in general is would love your input on this one & connect. 

Thank you 

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Realtor · Chevy Chase, MD · Member since 2023 · 74 posts · 51 votes
2y
Quote from @Jonathan Rivera:

As I now decide what out of state market I want to get into, I come to the thought that bc I am from New Jersey the closest state possible to me is Pennsylvania. The price difference from NJ & PA are significant. It’s also a decent landlord friendly state for investors. 

I originally was looking in the Midwest and different areas & I still am but, when I start thinking about rehabbing & working on a project, I tell myself I can easily drive 1-4 hours to check on my property PA because of the distance vs somewhere like the Midwest where it’s  super far. It just gives me a peace of mind.

Any advice from people with experience in the PA market or just in general is would love your input on this one & connect. 

Thank you 


Hi Jonathan! I was born and raised in York, PA. I would say your best areas are going to be closest to the bigger colleges and universities. Philly, Harrisburg, York, Gettysburg, State College, etc. Happy to share any additional insight!

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  • Rob LawrenceBusiness Member
    Real Estate Agent · West Chester, PA · Member since 2017 · 266 posts · 94 votes
    2y

    Hey, I sent you an invite to connect.  I think the Philly burbs are a great place to invest.  I do it myself and help others do it as well!

  • Real Estate Agent · Harrisburg, PA · Member since 2016 · 159 posts · 82 votes
    2y

    The Harrisburg area has a lot of investment potential.

  • Realtor · Chevy Chase, MD · Member since 2023 · 74 posts · 51 votes
    2y
    Quote from @Jonathan Rivera:

    As I now decide what out of state market I want to get into, I come to the thought that bc I am from New Jersey the closest state possible to me is Pennsylvania. The price difference from NJ & PA are significant. It’s also a decent landlord friendly state for investors. 

    I originally was looking in the Midwest and different areas & I still am but, when I start thinking about rehabbing & working on a project, I tell myself I can easily drive 1-4 hours to check on my property PA because of the distance vs somewhere like the Midwest where it’s  super far. It just gives me a peace of mind.

    Any advice from people with experience in the PA market or just in general is would love your input on this one & connect. 

    Thank you 


    Hi Jonathan! I was born and raised in York, PA. I would say your best areas are going to be closest to the bigger colleges and universities. Philly, Harrisburg, York, Gettysburg, State College, etc. Happy to share any additional insight!

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