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Updated almost 5 years ago,
Does anyone who lives out of state buy and hold in Philadelphia?
Hey everyone - of those who have buy and hold/rental properties in Philadephia, are any of you investing from out of state or at a distance?
I have a family member moving to Philly and buying her first residence. I was interested in looking at properties when I go visit her, but I noticed the property taxes are pretty high. She mentioned it's due to a high base tax for local schools.
I would appreciate if anyone could share their experiences in Philly if they are investing from a distance. Do your properties cash flow? Do you have a property manager? What are some challenges you've faced since you can't visit the property or meet with members of your team in person?