Philadelphia, PA Strategies
Hello BP!
I'm an investor in the Philadelphia market. My goal is to acquire 4 properties over the next year. I have about $30k for downpayments and want to buy and hold. I lean towards MFH but I was recently told by an agent that MFHs are overpriced in Philly. Has this been anyone else's experience? Are singles a better deal here?
I'm still trying to find the right neighborhoods. Right now my list is (in no particular order):
Grays Ferry, Point Breeze, Bella Vista, Mantua, and Powelton Village. Lower income, developing areas where I can get better cash on cash ROI of my low down payments. Does anyone have experience in these areas or recommend better areas?