Philadelphia Investment Property Less than 200K

[Thifen Mauger]

Hi All,

I bought a single family home here in Newark Nj about 2 years ago and am originally from New York City. I have been doing some research and saving over the years since purchasing my first home and want to invest. I was considering Baltimore due to the affordability but then I saw that it has high vacancies and I don't want to deal with that. That is why I am considering Philly as it is close to me and affordable as well, plus I am more familiar with the city landscape than Baltimore. I am looking for a single family (or multifamily) with 3 bedrooms or more and primarily want to target renters who are college students. I see various single family brick buildings for less than 200K and in good shape with renovations etc. Does anyone have a real estate contact or can someone let me know if Philly is indeed a good market to go after? From a business standpoint Philly has been growing and the college town aspect is growing as well so for me these are good indicators.I am looking to put down about like 20% since I will stay in my current home.

Feel free to chime in with thoughts whether good or bad!