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Updated over 6 years ago,

User Stats

18
Posts
19
Votes
Dave Ventura
  • Philadelphia, PA
19
Votes |
18
Posts

Where to invest in philadelphia for 1st time investor

Dave Ventura
  • Philadelphia, PA
Posted

Hi, I am new to the site and trying to buy a second property as an investment in Philadelphia. Right now I am a live in landlord at my first place house hacking. I have been primarily looking at SFH in 180-220k range. I have lived here for 7 years so I am pretty familiar with all the areas but am having trouble picking a neighborhood. I really like Point Breeze for the appreciation but I believe there might be a bubble and have to compete for renters. My other option is Manyunk/East Falls area, where I currently live. I have found the appreciation to be lower but the rental market has been great so I like the stability. My goal is to hold and have passive cash flow. Any advice is extremely appreciated!

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