Interest and Opinions on Markets in Eastern PA

[Kyle Hunihan]

Hello everyone,

I recently relocated to Eastern Pennsylvania, just outside of Philadelphia, and am excited to start looking for my first long-term rental property in the area. I've heard great things about markets like Reading, Allentown, and Lancaster, PA, but would love to hear your insights! Are there other areas I should be considering as well?

To give some context, my budget is around $300K, so any recommendations within that range would be especially helpful.

Looking forward to your advice and suggestions!

[Simon W.]

with a 300K budget, i think you are better off with at least 2-unit property. I wouldn't go for single-family house because even if 1 unit is vacant, you are still getting some money in. 

A SFH will be bad if it's vacant which means no money coming in and you have to burn money just keep keep the property.