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Updated about 8 years ago on . Most recent reply

User Stats

533
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422
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Bill Goodland
  • Rental Property Investor
  • Allentown PA, United States
422
Votes |
533
Posts

2% Deals in Philadelphia?

Bill Goodland
  • Rental Property Investor
  • Allentown PA, United States
Posted
I'm curious if anyone could provide me with some locations in Philadelphia to keep my eye on for primarily cash flow rentals. I am moving back to philly and after I finish graduate school plan to begin actively investing in primarily buy and hold. I do understand the potential headaches of lower income properties but my primary focus is becoming financial free ASAP through cash flow before diving into higher price points with higher quality tenants and appreciation potential. I have a decent idea of the philly market and know it totally varies so much by neighborhood. I also understand 2% rule isn't actually a rule; but am curious if anyone has experience finding 2% deals or anything close preferably without going into "war zone" territory. Thanks in advance.

Most Popular Reply

User Stats

515
Posts
196
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Joe White
  • Property Manager
  • Philadelphia, PA
196
Votes |
515
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Joe White
  • Property Manager
  • Philadelphia, PA
Replied

The areas near the colleges are pulling a higher % of rent against their market value. Often 10% can be expected.

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