Is Philly a good place to invest?

[Nirit Jasse]

HI I'm a new member of BP and have some cash to invest RE.  I live in LI NY and cannot afford the prices here.

Met a great realtor agent who works in Philly.  The houses in West Philly seem to be in my price range.  I like that Philly is near universities.  I understand its a more tenant friendly city..  Wondering if anyone can tell me about the market in W Pilly, near areas.  Trying to make a decision whether I should pursue this market or look elsewhere.  Thank you all for your time.  

[Eric Greenberg]

I agree w Alan, ‘West Philly’ is a really broad term that could be A or D type areas. Areas close to the universities ie University City, can be a great play if thats the type of tenant you are looking for, but there are areas close to the University that are still on the come up.

More or less a long way to say that you have to really understand what your goals are and how much time/money you are looking to deploy. Having folks local who really know this area will be key as its really easy to get sold a property that may not fit your goals. 

Id also recommend once you really know your target area/property type to drive down from LI and see it for yourself and meet the folks on your team in person to make sure its exactly what you are looking for.