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Updated almost 7 years ago on . Most recent reply

User Stats

51
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6
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Steve A.
  • New York City, NY
6
Votes |
51
Posts

Seeking Philadelphia multi-family for buy-and-hold

Steve A.
  • New York City, NY
Posted

We are looking to purchase multi-family rentals in Philadelphia with a good cashflow. 

I read several messages from 2 or 3 years ago. I wanted to get current 2018 suggestions for the neighborhoods you recommend. 

We spent time looking around a few weeks ago while in town for a weekend; going back to spend a few days gathering info in the next couple of weeks. 

For the future after we find the property, we would also be interested in hearing your personal recommendations for property management companies, general contractors and handymen.

Most Popular Reply

User Stats

344
Posts
276
Votes
Paulette Midgette
  • Investor
  • Philadelphia, PA
276
Votes |
344
Posts
Paulette Midgette
  • Investor
  • Philadelphia, PA
Replied

@Steve A., I am a buy and hold investor in Philly.  I would be happy to point you to a few areas with different income levels, and real estate risk, but yet solid and would attract decent tenants.  Being an out of town investor, I would suggest starting with a duplex before moving higher.  Mainly because the requirements for 3 units and more are stricter with respect to compliance with the City of Philadelphia and fire codes.  

Please feel free to inbox me.

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