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Updated almost 5 years ago on . Most recent reply
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Anyone in Allentown PA
Hey People,
Has anyone purchased any property in Allentown PA or surrounding areas? What are the challenges which you face and is it worth it? I'm looking to find some good investments that are not too far from NY and also not as expensive as NY.
Thanks,
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Nope, no one has purchased any properties in Allentown PA... there are no deals to be had here, move along...
@David Saget, it's a market that has been flooded with investors from NY and NJ over the recent years. Money has been coming from out of state since we have much nicer purchase price to rent ratios and more favorable landlord / tenants laws. I do mostly out of state investing myself, and the biggest challenge I've faced when building my business has been choosing the right people to work with. If you have one team member that does not get the job done - whether it is your agent, inspector, lender, contractor, or property manager, the whole deal comes to a grinding halt. You have to have reliable people to work with.