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Updated almost 9 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Michael Gatti
  • Philadelphia, PA
3
Votes |
9
Posts

Fixer Upper Property in Philadelphia

Michael Gatti
  • Philadelphia, PA
Posted

Here is a three story rowhome in North Philadelphia that I am considering purchasing.  It needs a lot of work and I can't view the inside of it until I buy it.  Would any of you guys take that risk?  What drew me to this property was not only its cheap price, but its proximity to Temple.  It is literally about 5 blocks away.  I think it would produce amazing cash flow if I rent each floor out to students once I'm done fixing it.  So I ask again, do you guys think it is worth the risk?  

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