Any philly investors with more than one Multi units ??

[Mario Gonzalez]

hey everyone, with the lowest interest rate in many months now here. Would like to purchase very soon. Im 26 with 60k for a property. I live in North Jersey which the taxes really make it not worth buying along with the salt tax. I have the following choices.

1. move to Philly and buy a 2 or 3 unit property to house hack with the hope of getting 4-6% cocr after one year living in one of the units. 

2. purchase a townhome in Philly and airbnb it 

3. purchase a single family house and rent out the rooms in Philly. 


i would be doing a conventional loan as i do want to do fha since rates are low now trying to see which method would yield me to cash flow / live rent free with some cash flow. i read many books and all say you profit when you buy so i want to buy right. i can buy up to 420k and no debt. what method makes the most sense?  i have not found any property that cash flows or breaks even which makes me think all prices due to the seller's market is over price by 10%