Property purchase near philadelphia (Main line or farther away)

[Shay Sherbotseli]

Hello,

I am currently exploring the possibility of investing in a 3-bedroom townhouse or similar property in Pennsylvania, specifically in Montgomery County, Perkiomen, Collegeville, Norristown, Pottstown, or even Haverford.

My intention is to purchase the property for rental purposes. I am curious to know if the proximity to Pennsylvania itself is a crucial factor in renting out the property, or if it would be equally viable to invest in an area further away from the city (with a 1-hour commute time, as opposed to a 30-minute train ride from Haverford).

I would greatly appreciate if anyone could provide information on the actual rental prices for an average 3-bedroom house in these areas. I am seeking reliable data and cannot solely rely on platforms like Zillow for this information.

Thank you for any assistance you can provide.

[Alan Asriants]

Quote from @Shay Sherbotseli:

Quote from @Alan Asriants:

Hey Shay! I am an investor and agent in the Phila area. The main line is an excellent market for rentals but it can be very pricey as many of the spots are Class A RE. 

Generally the suburbs are outperforming the city in terms of rentals. Personally there are some really strong suburb areas that I would much rather invest into than Phila - lots of it is due to better landlord policy, higher demand for rentals, less competition for rentals, less headache than dealing with Phila, higher quality tenants and less risky. Overall better experience for a landlord. That being said there are also areas in Suburbs I would avoid like Norristown and Pottstown due to their nature (class C or lower). I am more than happy to connect and chat more about the market! 

Reach out anytime

 Hey Alan, I would be happy to talk and consult and listen to your experiance.

What is your email ?

Shay.

 Sent you a PM!