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Updated almost 9 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Glenn Patti
  • Rutherford, NJ
3
Votes |
11
Posts

investor in Scranton Pa

Glenn Patti
  • Rutherford, NJ
Posted

I have been on Bigger Pockets for quite some time and listen to the podcast as well, and I realized that I have never posted. I think I did not introduce myself in the beginning because I was afraid that I was going to say, "I am planning on investing in real estate" and never follow though. Fast forward to today, and I own two multi families in Scranton Pa for a total of 6 units and a vacation home in the Poconos that I rent out, and also use. I am thinking of getting into rehabbing a SFH either for a long term rental or a flip. I have a backround in construction and have always wanted to try a flip.

I live in Bergen County NJ and work in NYC in the finance industry, and I am looking expand and collaborate with like minded people.  I am also happy to answer any questions that anyone has or help out anyone looking to get into real estate investing.

Most Popular Reply

User Stats

142
Posts
100
Votes
Adam Guiffrida
  • Rental Property Investor
  • Scranton, PA
100
Votes |
142
Posts
Adam Guiffrida
  • Rental Property Investor
  • Scranton, PA
Replied

Scranton is an incredible opportunity to invest in. The City is in financial distress at the moment due to the political corruption and mismanagement. But rents are substantial, prices are cheap, and the appreciation looks great. As people realize that is so extremely difficult to make positive cash flow in the metro areas, they will look towards cities like Scranton. Hear you get substantial rents for cash flow as well as a large upside for the future in growth. Originally from New Jersey, I've been in Scranton full time for 14 years investing in rentals. If I can help with anything, let me know.

  • Adam Guiffrida
  • Loading replies...