Looking for Multi-family in Philadelphia to live in and rent

[Mike Girard]

I am still very much at the start of the learning curve, but I'm fairly sure I want to become a Buy and Hold investor -- the rest is too abstract for me -- and that I will likely live in my first property, in part so I can qualify for the homeowner advantages.

I don't live in Philly so will be traveling frequently from my home in Brooklyn over the next several months to get the lay of the land. Can anyone recommend a neighborhood where the cap rates are likely to be favorable that is also some place where I would like to live? I like relatively safe urban neighborhoods with good access to transit and a high walkability quotient. I live in Park Slope in Brooklyn -- where I can't afford to invest -- and if you know the neighborhood, you know I'm spoiled. But I'm also flexible, which is good, because I have to be. 

[Cory Land]

The areas in Philly which have high cap rates are areas you probably don't want to live as a home owner. I have been working on compiling this data for the different neighborhoods in Philly over the past few months and can you send you my results. Might be able to get you started when you being your search. Send me a PM.