Multifamily properties in Philadelphia

[Dennis Santa Paula]

Hi,

I'm looking to start investing in Quadraplexes in Philadelphia. I'm not familiar with the market but it's clear that cash flow is strong in Philly. Have read most of the posts and understood that Philly is made of many different neighborhoods. I was able to find good cash flow properties in many different areas but my main concern is the ability to sell these properties down the road. I'm certainly looking for the cash flow but need to make sure I have a way out down the road. Do not want to get stuck with a property in a place that cannot be sold. Would love if anybody could provide some insights on prosper neighborhoods in Philly. I also want to make sure I do not buy anything in a "war" area. I'm looking for properties up to USD 300.000. Thanks a lot!

[Ryan Cameron]

This all depends on your plan and time-frame. An excellent example is Northern Liberties. Definitely one of the hottest neighborhoods in Philly right now, but 15-20 years ago it was a 'D-' or 'F' area. It's harder to cash-flow in this Neighborhood now, but it appreciates well.

Point Breeze was a war-zone not long ago, but is now becoming a hot spot.

You may need to link up with people in these areas and get a better feel for the market

Best of luck to you!