Anyone here have experience buying property in Collingdale, PA

[Leann Lilly]

Hey guys, was wondering if anyone here has any experience buying rental properties in Collingdale, PA?  

[Dave Van Horn]

Hi @Leann Lilly,

In my experience, the rents definitely seem to be that way and make it worthwhile (although the school district isn't as preferred as Ridley and the level of crime seems to be a bit higher in Collingdale, but not much). In Collingdale, my cash on cash return is at least 36% on PITI (so not counting vacancies and maintenance) on the properties at the time I purchased them.

In fact, I'm always over 30% cash  at a minimum, no matter the area or the property.

Today, my properties there are giving me literally Infinite rates of Return since I've either paid back the private money I borrowed to acquire them within 6 to 12 months of purchasing or with the ones I've had traditional financing on, I would always make sure the cash flow greatly outweighed the cost of the mortgage. Plus, on most of these properties I added improvements that could justify more rent/cash flow (like added garages, bedrooms, etc) or I re-leveraged the properties by re-investing the equity.