BRRRR investing in Scranton PA

[Marky Suazo]

Hello all:

I am a fairly new (under a year) bigger pockets member. I recently purchased a turnkey property in Memphis TN. However, I am interested in breaking into BRRRR investing. I started doing some research into various markets and I stumbled across Scranton, PA. At first glance, the numbers seemed attractive. Multi-unit residential properties seem affordable and rental rates are decent. However, after I dug a little deeper, it seems like the regulations, fees, and overall bureaucracy would make this market difficult to thrive in. I'm sure others have had success in this market, and I would like to hear about the experience(s) of Scranton PA investors.

[Shane H.]

@Marky Suazo

Ever increasing taxes are cause for concern. They just got bumped up 5% again. Chewy is supposed to be building in Archbald which may help to stabilize incomes in the area. I would verify it but my realtor in that area warned me that the city has a habit of condemning properties with little to no reason, including just for vacancy? Per capita income is like 20k and half the population will be retired in 20 years. All things to consider.