Top areas to buy rental properties in Phila, PA

[Kevin Lorick]

I am trying to figure out the best areas/zip codes to start buying and renting long term rental properties in the Philadelphia area. Does anyone have any suggestions?

[Stuart Udis]

Hi Kevin, this is going to be circumstantial based on the individual investor. There's both neighborhood and strategy that must be considered. Some neighborhoods are better suited for certain strategies than others. The investors capabilities (balance sheet/credit, skills, time) all play a role in identifying the best investment strategy.

To illustrate, someone at the wealth preservation phase of their life is going to be looking at different real estate strategies than the 25 year old who looking to purchase their first property. The doctor who makes $500K a year and wants more passive real estate is going to be looking at different properties than the investor who is also  GC. 

The good news is Philadelphia has diverse housing stock and many are successful pursuing different strategies. Perhaps if you share more about yourself,  myself and others can chime in with best strategies and neighborhoods to pursue those strategies.