Anybody making money in Pennsylvania?

[Brian Kehoe]

I’m curious about moving my focus to the PA market. I’m looking to get into buying larger multi families and with the combination of lower prices and taxes as well as its proximity to NY I think PA has a lot of potential. I’d love to hear of any success stories, as well as recommendations in hot locations, property managers, realtors and even contractors.

[Patrick Liska]

Have to Agree with @Chris K. on his analysis of PA. I invest in Central PA - Lock Haven, College town. I own both Student and regular rentals, you can cash flow as long as you make sure your numbers are right, the Cap rate in this area is 10 and do not count on Appreciation to make money, it's cash flow and equity that gets paid by your tenants that makes you money. i have made some money on a couple flips i did, but it has to be in the right area, houses can even sit on the market for a year if you try to sell. Investing in most areas in PA is like buying a savings bond, good for the long hall but not for quick money, unless you invest in certain areas.