NJ small time investor looking at PA

[Santanu Bera]

Hey guys, just a new member here. From Princeton area, have a few properties in Jersey, looking increasingly to Philly area for multi-family investment. Finding it difficult to gauge Philly neighborhoods that will maintain demand and low vacancy, metrics change from one block to next. Also there is so much development going on with opportunities to appreciate. Would help to have any suggestions or guidelines on which areas to look out for. I am open to Lehigh area as well. 

[Eric Greenberg]

If I were you Id head to Philly (or where ever you plan to invest) to get a better understanding of the specific neighborhoods you are interested in. 

That said, areas closer to center city - spring garden to washington ave between the rivers will be mostly A/B neighborhoods with high demand assuming its priced right. It may be tough to make the numbers work in these areas for LT rentals. 

From there north Fairmount, Parts of Brewerytown, Northern Liberties, Fishtown, parts of Olde Kensington are in high demand and south passyunk east, and west close to the universities but can change drastically heading west or closer to the park/zoo. 

Look at where there are a ton of new higher level restaurants popping up. That will usually tell you where the progression is happening/already happened.