New Investor to Philly

[Britton Kershner]

It seems like home prices have appreciated faster than rents in many of the strong markets directly around downtown Philly which makes it harder to positively cash flow properties. Are there certain pockets of Philly that people have been successful with turn key investment properties? 

[Austen Mueller]

I'm a real estate agent in Philly and your absolutely right. Finding these types of deals is not easy. Going to parts of Philly that cashflow isn't always the best solution either due to unfavorable landlord laws. In my opinion if your looking to buy a turnkey rental that cashflows I would stick to the submarkets in south east PA like Pottstown, Reading, Harrisburg. 

Philly is a great market for those looking to put in some sweat equity or are okay with not having cashflow, and hanging in for the long term as the area appreciates.